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Country Discussion Topics
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I'd like to know......
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gatractorman    Posted 09-19-2002 at 03:36:48       [Reply]  [Send Email]
how people make any money with a horse farm, now dont get me wrong I dont have anything against horses or farms I was just wondering, seems like a new one springing up around here almost daily, I understand about stud fees, boarding and selling a horse occasionally but people spending untold hundreds of thousand dollars on these things I cant see how they will ever recoup the initial investment, is it just a labor of love deal or am I missing something???


Bandit    Posted 09-19-2002 at 14:34:24       [Reply]  [No Email]
Want to make money, train and board horses.
Don't need too much land for boarding, a stable facility, and some small turn outs.
I know a guy shut down his beef opp. to board horses.
You could expand to stud service, brood mares(w/ enough ground...


Nathan(GA)    Posted 09-19-2002 at 08:43:56       [Reply]  [No Email]
I think you have it figured out. Have you checked the prices on horse farms east of Atlanta and south of you? I couldn't afford the interest on the money much less the payment.


kraig WY    Posted 09-19-2002 at 07:15:27       [Reply]  [Send Email]
Before you go into horse farming check the IRS's Sch. F. They got a list of numbers for the type farming you do. You put the horse code for horse farming it garentees an aduit. Too many people tried to write off their horses. Then again it you put the pig code, they just assume your gonna loose money so its easier.

Everybody and their dog has horses here. Lots of them are work horses. Lot of tourest travel through with horses. So a few "Horse Bed and Breakfast" Places have sprung up. They have camp grounds and stables. You put your horse in a corral or small pasture, set up camp, and then its off to see Mt Rushmore, Deadwood and such. Plus thousands of miles of trails.

Another way to make a few bucks with horses is in hauling them. People charge outragous prices to haul horse between the Northwest and Alaska. And people pay it. Hay is kind of pricy in Alaska so a lot of people board their horses outside (Alaska talk for lower 48 states),during the winter and ship them back and forth.

If you run cows then you can depricate horses just like any other farm equipment.


LH    Posted 09-19-2002 at 06:09:46       [Reply]  [No Email]
We have several horses on our hobby farm. But they are just expensive pets. I have enough ground that I have in the past boarded some horses and the going rate around here is anywhere from $50 for just pasture boarding, to over $200 for full care boarding per month. So if you can find the right clients it could be a money making operation.


Fawteen    Posted 09-19-2002 at 03:52:52       [Reply]  [No Email]
I suspect you're pretty close with the "labor of love" thing. Unless they treat it like a business and board a MESS of hosses, I don't see how they can meet expenses on supplies, much less turn a profit and cover the mortgage.


Bandit    Posted 09-19-2002 at 14:31:39       [Reply]  [No Email]
Well, if you are boarding horses for about $150-$300+ a month, how can't you recoup your money?
put a pole barn, w/ 15-20 box stalls you get your money back in a little over a year...


Fawteen...Wellsir    Posted 09-19-2002 at 15:19:34       [Reply]  [No Email]
I dunno about you, but here's how MY luck would run:

It'd cost $100,000 to get a permit, build a building, get water, build fences, get the DEP permits for manure disposal, get the Planning Board to grant waivers, etc. etc.

Figure another $25,000 a year or more for liability insurance, assuming you could even get it.

Hay runs $3.00 a bale for small squares in a good year. Another year like this one, they'll go to $5.00, sure as sin.

Plus grain, power, labor, etc etc.

There ain't enough horses in a 50 mile radius to pay them kinda bills...


Bandit    Posted 09-19-2002 at 19:26:24       [Reply]  [No Email]
Well, we've looked into the deal of boarding horses, and there are many people itching to find places to board.
We don't require any kind of planning board things or permits, manure can be spread or given away, building amd fences would be the major capital investments,
Don't buy hay that is that expensive, we have a contract with a guy for several thousand bales of 1st and 2nd cut for a $1 a bale.
I have my doubts that insurance would be that high. Also a lot of states, have clauses in laws, that clear ppl of liability w/ horse related accidents.
Building would hardly cost that much, you can get a prefab barn, 60'x24' for around 25,000+6,000 for fencing + 3,000 for misc.
35,000$ total


Bandit    Posted 09-19-2002 at 20:20:03       [Reply]  [No Email]
Clarrification,

Barn size is 40'x80'
for around 13000$


Bandit    Posted 09-19-2002 at 19:39:53       [Reply]  [No Email]
$25000 barn
$6000 fencing
$3000 misc
____________
$35000 total

$150 to $300+ per month

say $200 x 12 months $24000 - 1200 for monthly costs $1200 left per horse
$1200 x 20 horses = 24,000$ per month...
-$35000+$24000= -$11,000 ballance end of yr 1
-$11000+$24000= $13000 ahead of the game,
this is a perfect world, but the numbers and the demand are there, it just needs implemented by a good marketer

and this is not that labor intensive a deal.
infact you can board some folks horses for free or a reduced rate on the deal that they clean stals so many days a week


Hogman ---aw com on now    Posted 09-19-2002 at 04:23:00       [Reply]  [No Email]
It's simple,like all tha rest of farmin er ranchin,just depends on how much money Ya got ta lose as ta how big'n fancy'n how long Ya can last.
If I had tha loot ta start one I'd love ta keep on losin money with a horse ranch as ta keepin on with this ole cow/calf hardscrabble place.
What Ya have ta have is a good enough outside income ta support Your "work". When I changed from a feeder pig operation to a farrow ta finish one Tha only differance was tha checks was a lot bigger but tha net loss only went up a little.


Alvin-Va    Posted 09-19-2002 at 18:39:01       [Reply]  [No Email]
Yup,ya bout summed it up in the last sentence ole Buddy.
Dairy operations round here are about the only really serious farming left and they're falling like flys.Cow/calf is about all thats left.
We always figgured the best farmer was the one what went broke last.I'm still in the runnin for the trophy but sometimes it's tempting to concede.
Sent a load of calves off week before last, averaged 486 lbs. and 67 cents a lb.That figgures out to about $326 a head,takes about $400 a head to break even.Anybuddy checked beef prices in the stores lately?
Oh well,gotta look on the bright side,what with the drought and no second cutting of hay,sure saved a lot of money on baler twine I didn't have to buy.


Bandit    Posted 09-19-2002 at 19:45:13       [Reply]  [No Email]
Does your state have any deals that sell beef raised in your state for a higher price?
PA's cattlemen have a deal setup where if you are selling PA beef, you can seel for several cents higher per pound, it was a considerable bit more too


Alvin-Va    Posted 09-20-2002 at 04:03:31       [Reply]  [No Email]
Bandit.Not familiar with any program like that in Va.Then to add insult to injury we have the rip-off,er no I mean check-off to pay on each head that goes thru a market.
Who funds the difference in price?Does this apply to cattle that stay in the State or feeder cattle?
Just curious,is there a web site or any other source of info?


Bandit    Posted 09-20-2002 at 07:22:51       [Reply]  [No Email]
I don't recall who is incharge of it. I can ask a couple guys I know that are in on it.
Yeah, I hate that checkoff, they have that for hogs too, it's not much, but it still takes takes takes..

From what I can recall, it is actually funded by companies that buy beef, you have to supply quality cattle, and they are willing to pay a steeper price for them from PA, i dunno seems, like it doesn't make much sense, it'll see what I can find...


Ron/PA    Posted 09-19-2002 at 06:16:08       [Reply]  [Send Email]
Hey hogman, ya baled out too soon, just sold some hogs, price ended up at 30 and we only paid $40.00 for them, bein as how feed, labor, and housing are free why we made a fortune. I know that with prices like this the only way to go is in volume, but I just can't drive enough trucks at one time to support a larger habit.
Ron


Fawteen...Yep, just like the old saying    Posted 09-19-2002 at 06:05:22       [Reply]  [No Email]
"It's EASY to make a small fortune in farming. Just start with a big one..."


DeadCarp    Posted 09-19-2002 at 05:22:51       [Reply]  [No Email]
Re: "but tha net loss only went up a little."

Jeez, with that kinda results, you can afford to expand! You're already better off than everybody else! lol

To the point: NOBODY makes money on horses - they're too specialized and the demand is nowhere.
Consider a 4-legged hayburner that you can eat if times get tough, then buy a good roaster & see what happens. :)




Bob Ont.    Posted 09-19-2002 at 05:30:19       [Reply]  [Send Email]
Then on the other hand DC, if you don't travel too far you could get rid of the car and offset some of the cost that way.
Later Bob


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