BHB chief executive Greg Nichols has been working hard in a bid to persuade courses to sign up to a minimum value policy, but has yet to convince at least a dozen tracks of the merits of the plan.
And Furlong, while stressing the need for "a period of stability to hammer out a policy for the common good," confirmed that he would have no hesitation in recommending further action if no agreement is reached.
He said: "The racecourses behaved appallingly in reporting racing's governing body to the Office of Fair Trading, and that decision will surely come back to haunt them.
"Owners will not tolerate a racing industry run by the racecourses for the racecourses. Under those circumstances, owners would would be pushed into a position where they would have to strategically withdraw their product."
Meanwhile, the news that the in-form Paul Nicholls is to bid for another major chasing prize with Fadalko in the Tripleprint Gold Cup at Cheltenham could result in a smaller field than expected contesting the £100,000 prize.
Seventeen horses are currently engaged in Saturday's race, but eight of them are out of the handicap and Martin Pipe is unlikely to run more than three of his five entries.
Venetia Williams will wait until later this week before deciding whether to let Golden Goal take his chance off 10 stone, while the prospect of softer ground in the north means Henrietta Knight may reroute Foly Pleasant to Haydock for the Tommy Whittle Chase.
