Here’s a preview of the new Farmer’s Faire 2012 mount. It costs 2 race tokens and 120 Farmer’s Faire Tokens. This sounds like a lot but what I’ve seen from the quest rewards so far, the amounts that are rewarded are quite generous.
I has a black and brown tack decorated with golden wheat.
The steed has +62% speed and 200 morale, just like the last Anniversary steed, so this seems to be the new norm for festival steeds that used to have 100 morale in the past.