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The FMR was created to support and protect Rodeo cowboys and cowgirls who risk their lives to run each of the different disciplines of the sport at high risk.
Founded in 1993 by the Architect Diego González Fernández, integrating that year Rodeo Associations representing the states of Baja California, Sonora, Chihuahua, Nuevo León and Coahuila thereby complying with the requirement of the Mexican Sports Confederation, subsequently joined the states of Durango, Zacatecas, Hidalgo, Guanajuato, Aguascalientes, Tamaulipas, and others, to date there are 19 State Associations that make up the FMR.
Since 1997, the top cowboys and cowgirls in each event have qualified for the FMR's Campeonato National de Rodeo (National Rodeo Championships) where the national champions are crowned. This annual event is held each time in a different city.
Since 2016, the Professional Rodeo Cowboys Association (PRCA) has co-sanctioned rodeos with the FMR, and those events count towards the PRCA's world standings, as well as the FMR's national standings.