For over 90 years, the Far Hills Steeplechase has been one of the most important social events in the area. It is also one of the key events of the local horse training and breeding business, as it is also part of the Breeders Cup competition, bringing in horses, jockeys, trainers and breeders from all over the East Coast. 20 years ago, it was a mostly local event, but now draws thousands of people from all over the New York Metropolitan Area, who come to see horses, bet on races, and have elaborate tailgate parties.