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 Total Germophobe
Posts: 6443
   
Location: Montana | It seems like here, the horse market (and everything else) is kind of slow unless it is a steal of a deal. Our economy seems kind of flat without much going on, so I thought I'd see what it is like elsewhere. | |
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Boot Detective
Posts: 1900
| I think it's slow everywhere and the horse market is flooded with junk. The sale results from the Lance Graves futurity sale show most were repurchased though a few nice ones sold pretty high. Some horses sold high at Billings MT sale. For the most part I think there is still a strong market for a dead broke finished horse with some stats to prove what they can do. But if you are trying to sell a horse with half a pedigree, you might as well be trying to sell a car with 3 wheels. I'm seeing lots of overpriced colts and that's why they are not selling. Nobody wants to pay the same price for a yearling -2 yr old as they can go buy a nearly finished horse. I do know people are having a hard time finding solid high school/college rodeo horses at any price. This is the time of year the market usually gets good but I haven't seen it come up yet. | |
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 Expert
Posts: 1525
| I dont usually ever have trouble selling horses, although other people in the area have had trouble for a couple of years now. It seems like our market is flooded with the lower priced, broke nice but not started on anything horses, registered and un-registered. We have a ton right now that get posted by a girl for between 1200 and 2500...There are some buyers/lookers right now for the higher-end barrel horses | |
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 Expert
Posts: 2128
| Hubby went to the sale in Lufkin, Tx this past weekend. He didnt get anything bought, they were all bringing too much money. | |
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Member
Posts: 49
| I live in Southeast Missouri and the last horse sale I went to, which was Jan. 30 did way better than what I expected. This is a small local auction where the high seller is usually less than $2000. I was quite surprised when several riding horses(no special breeding to them), some who had been roped off of, sold for $3000-$4000. I was also surprised when someone posted a video from the Macon, Mo sale just a couple of weeks ago, and this grullo yearling sold for $4500. Late last fall I watched one of their sales on video and very few weanlings brought over $1000, and most way less (and a lot of them were grullos too). Now, if I could just sell mine for this. lol | |
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 Not Afraid to Work
Posts: 4717
| I feel like there is a gap... I see a lot of older, trained for nothing particular horses and then quite a few higher end prospects or finished horses. Not a lot in the middle. I see tons of ISO ads looking for a 4-6 year old broke barrel prospect under 5k. They dont necessarily need to big bloodlines or higher dollar prospects. Just something with a good start that they can haul around.
I have also noticed a lot of untouched 4-5 year olds that seem to flood the market. They're cheap but some arent even halter broke. | |
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 Veteran
Posts: 189
| Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
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Elite Veteran
Posts: 915
Location: SE KS | RunfastNTurn - 2016-03-15 12:41 PM
Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
Where do you live? | |
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Veteran
Posts: 189
| Michigan
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 Heeler Hoarder
Posts: 2067
| It cost me $3,000 just to keep a mare a year that's not counting fuel, stud fee and vet fees. That is why yearlings are priced for than that lol. I think the horse market is slow unless it's a nice finished horse and they seem to go quick. I sold a nice yearling over the weekend for what I was asking but she was bred to the hilt and had color. I sold 10 Broodmares last year and they all sold fairly quickly. | |
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 Expert
Posts: 3104
Location: Arkansas | scwebster - 2016-03-15 9:49 AM Hubby went to the sale in Lufkin, Tx this past weekend. He didnt get anything bought, they were all bringing too much money.
I agree with this. We were there and everything we went to look at went for more than we could spend. We did get a nice paint mare bought for a good price but she wasn't one we looked at beforehand. | |
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 Coyote Country Queen
Posts: 5666
| I think that appropriately priced horses sell when buyers with reasonable expectations are shopping. With that being said, I see a lot of over-priced horses and a lot of buyers who want something for nothing.
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Expert
Posts: 2128
| gypsy1997 - 2016-03-15 1:49 PM scwebster - 2016-03-15 9:49 AM Hubby went to the sale in Lufkin, Tx this past weekend. He didnt get anything bought, they were all bringing too much money. I agree with this. We were there and everything we went to look at went for more than we could spend. We did get a nice paint mare bought for a good price but she wasn't one we looked at beforehand.
I stopped by very shortly on my way back from Diamonds and Dirt. I watched a couple go through the ring. We were glad to see that prices seem to be up though! | |
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Total Germophobe
Posts: 6443
Location: Montana | RunfastNTurn - 2016-03-15 11:41 AM Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I have the same budget, and it is tough. But even $9000 for a broke 3 year old not started on barrels when you can buy a finished horse for that, it is crazy. I understand about how much it costs to keep a mare, but then again I figure (at least in my case) that I'm going to own the mare any ways so I'd have to care for her any ways, so the stud fee and vet fees for the process is the amount I really have to be concerned about.
I find all your answers most interesting, and feel free to share more. | |
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Coyote Country Queen
Posts: 5666
| mtcanchazer - 2016-03-15 5:09 PM
RunfastNTurn - 2016-03-15 11:41 AM Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I have the same budget, and it is tough. But even $9000 for a broke 3 year old not started on barrels when you can buy a finished horse for that, it is crazy. I understand about how much it costs to keep a mare, but then again I figure (at least in my case) that I'm going to own the mare any ways so I'd have to care for her any ways, so the stud fee and vet fees for the process is the amount I really have to be concerned about.
I find all your answers most interesting, and feel free to share more.
Thankfully it doesn't cost me near that much to care for a mare each year! But I think those costs along with all of the breeding expenses and foal care until it is sold should be what a breeder needs to get back out of the foal (plus some profit!). However, you have to look at the type of foal. For example, if I want a top-notch futurity prospect I better plan on spending some serious money. This foal is going to be an own son or daughter and out of a proven mare. If you're willing to go with a foal out of a less proven mare that maybe isn't an own daughter, then you can expect to pay quite a bit less. And that doesn't necessarily mean one is better than the other, but when you are looking at the odds of getting a top performer, you're obviously going to have a greater chance with the more proven parents, and that's where the higher value comes in. The other thing that should be considered is age versus training level. The futurity prospects that are going to command a higher price will be on track to compete at a high level. And if they fall behind then the value should go down. And I think there's a value drop-off once the futurity years are passed if they aren't finished and ready to head on to the next level of competition. I think the problem some people get into when pricing horses is that they cannot be honest with themselves about what they have. They price based off of what they see others pricing, not what the actual value of their horse is based on age, pedigree, and training/competition level. And as a breeder, I can say there are times when I have more into a foal than what I can justify pricing it at - extra breeding expenses, injury, sickness, etc. So my options are to price it high and never get it sold! Or take my loss and learn my lesson. (And sometimes that lesson is learning that my mare is not going to command a high enough price for her foals to continue attempting to breed for profit.)
Obviously these are my own opinions and experiences! | |
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The Advice Guru
Posts: 6419
| There are less people with disposable income.
With oil prices low, and the uncertainty of how long it will last.
All it takes is one person who has the money to buy the horse.
Horses value is higher as weanlings, then plunges as yearlings, crawls up for 2 yr old, peaks at 3-4 (pending on training) then plumits again at 5 (futurity hopefuls gone) and climb up around 7 and hold steady.
This also has to do with training, potential, ad what the horse has actually done.
Ranch horses there is always a need for a good one, ranchers are profitable ATM so they are spending more all comes back to disposable income.
This is my theory anyway | |
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 Horsey Gene Carrier
Posts: 1888
Location: LaBelle, Florida | The market in SW Florida has always been a rough one.
The have to have IT all to get a decent price and then it will be several thousand less than one of the same caliber out west or even North Florida.
Quality youngstock is hit or miss, depending on if someone happens to be looking for what you have when you put it up for sale. | |
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Total Germophobe
Posts: 6443
Location: Montana | Jenbabe - 2016-03-15 4:46 PM
mtcanchazer - 2016-03-15 5:09 PM
RunfastNTurn - 2016-03-15 11:41 AM Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I have the same budget, and it is tough. But even $9000 for a broke 3 year old not started on barrels when you can buy a finished horse for that, it is crazy. I understand about how much it costs to keep a mare, but then again I figure (at least in my case) that I'm going to own the mare any ways so I'd have to care for her any ways, so the stud fee and vet fees for the process is the amount I really have to be concerned about.
I find all your answers most interesting, and feel free to share more.
Thankfully it doesn't cost me near that much to care for a mare each year! But I think those costs along with all of the breeding expenses and foal care until it is sold should be what a breeder needs to get back out of the foal (plus some profit! ). However, you have to look at the type of foal. For example, if I want a top-notch futurity prospect I better plan on spending some serious money. This foal is going to be an own son or daughter and out of a proven mare. If you're willing to go with a foal out of a less proven mare that maybe isn't an own daughter, then you can expect to pay quite a bit less. And that doesn't necessarily mean one is better than the other, but when you are looking at the odds of getting a top performer, you're obviously going to have a greater chance with the more proven parents, and that's where the higher value comes in. The other thing that should be considered is age versus training level. The futurity prospects that are going to command a higher price will be on track to compete at a high level. And if they fall behind then the value should go down. And I think there's a value drop-off once the futurity years are passed if they aren't finished and ready to head on to the next level of competition. I think the problem some people get into when pricing horses is that they cannot be honest with themselves about what they have. They price based off of what they see others pricing, not what the actual value of their horse is based on age, pedigree, and training/competition level. And as a breeder, I can say there are times when I have more into a foal than what I can justify pricing it at - extra breeding expenses, injury, sickness, etc. So my options are to price it high and never get it sold! Or take my loss and learn my lesson. (And sometimes that lesson is learning that my mare is not going to command a high enough price for her foals to continue attempting to breed for profit. )
Obviously these are my own opinions and experiences!
Oh I agree! What I was replying to was about the person that said it took $3000 to keep a mare a year, as it doesn't cost me close to that much, so the stud fee, vet fees, then above those costs are my profit. The $9000 3 year old was just an example of really expensive prospects that don't have any more than 60 days, nicely bred but not own get off anything really special. It gets so frustrating when looking for a reasonably priced, decently bred prospect. | |
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"Heck's Coming With Me"
Posts: 10797
Location: Kansas | I'm giving nearly $20 for a 50 lb. bag of feed and $6 to $8 a bale for hay, sometimes more. All this for senior horses that are no longer useful. I wonder how anyone on an average budget(or with children to raise) can afford to own horses. It's become quite an expensive hobby. | |
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Not Afraid to Work
Posts: 4717
| Frodo - 2016-03-16 9:26 AM
I'm giving nearly $20 for a 50 lb. bag of feed and $6 to $8 a bale for hay, sometimes more. All this for senior horses that are no longer useful. I wonder how anyone on an average budget(or with children to raise) can afford to own horses. It's become quite an expensive hobby.
I've felt the same way. I make a decdent paycheck, higher than average but I have to board. With board, living expenses, student loans, etc I am struggling to have enough disposable income to buy. I am not looking for a fancy bred futurity hopeful. Just something bred to be athletic that isnt WILD! HA.
As i said in my previous post, there is a gap in the market. Lots of young stock. I cant afford to board a yearling, 2 year old or even 3 year old for 1-3 years before I can actually do much with it. I take great care of my horses but even the saddles, PHT, BOT stuff... I dunno how people afford it! | |
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Total Germophobe
Posts: 6443
Location: Montana | stayceem - 2016-03-16 9:06 AM Frodo - 2016-03-16 9:26 AM I'm giving nearly $20 for a 50 lb. bag of feed and $6 to $8 a bale for hay, sometimes more. All this for senior horses that are no longer useful. I wonder how anyone on an average budget(or with children to raise) can afford to own horses. It's become quite an expensive hobby. I've felt the same way. I make a decdent paycheck, higher than average but I have to board. With board, living expenses, student loans, etc I am struggling to have enough disposable income to buy. I am not looking for a fancy bred futurity hopeful. Just something bred to be athletic that isnt WILD! HA. As i said in my previous post, there is a gap in the market. Lots of young stock. I cant afford to board a yearling, 2 year old or even 3 year old for 1-3 years before I can actually do much with it. I take great care of my horses but even the saddles, PHT, BOT stuff... I dunno how people afford it!
I agree. I pay an average of $7 a bale for hay, but I get good hay. As much as fuel prices have gone down, and grain prices, you'd think it would translate to lesser prices for the commodities we buy, from bread for us to hay for our horses, but it doesn't seem to work that way. Actually, our country is kind of crazy right now. | |
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Heeler Hoarder
Posts: 2067
| mtcanchazer - 2016-03-15 6:37 PM
Jenbabe - 2016-03-15 4:46 PM
mtcanchazer - 2016-03-15 5:09 PM
RunfastNTurn - 2016-03-15 11:41 AM Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I have the same budget, and it is tough. But even $9000 for a broke 3 year old not started on barrels when you can buy a finished horse for that, it is crazy. I understand about how much it costs to keep a mare, but then again I figure (at least in my case) that I'm going to own the mare any ways so I'd have to care for her any ways, so the stud fee and vet fees for the process is the amount I really have to be concerned about.
I find all your answers most interesting, and feel free to share more.
Thankfully it doesn't cost me near that much to care for a mare each year! But I think those costs along with all of the breeding expenses and foal care until it is sold should be what a breeder needs to get back out of the foal (plus some profit! ). However, you have to look at the type of foal. For example, if I want a top-notch futurity prospect I better plan on spending some serious money. This foal is going to be an own son or daughter and out of a proven mare. If you're willing to go with a foal out of a less proven mare that maybe isn't an own daughter, then you can expect to pay quite a bit less. And that doesn't necessarily mean one is better than the other, but when you are looking at the odds of getting a top performer, you're obviously going to have a greater chance with the more proven parents, and that's where the higher value comes in. The other thing that should be considered is age versus training level. The futurity prospects that are going to command a higher price will be on track to compete at a high level. And if they fall behind then the value should go down. And I think there's a value drop-off once the futurity years are passed if they aren't finished and ready to head on to the next level of competition. I think the problem some people get into when pricing horses is that they cannot be honest with themselves about what they have. They price based off of what they see others pricing, not what the actual value of their horse is based on age, pedigree, and training/competition level. And as a breeder, I can say there are times when I have more into a foal than what I can justify pricing it at - extra breeding expenses, injury, sickness, etc. So my options are to price it high and never get it sold! Or take my loss and learn my lesson. (And sometimes that lesson is learning that my mare is not going to command a high enough price for her foals to continue attempting to breed for profit. )
Obviously these are my own opinions and experiences! Oh I agree! What I was replying to was about the person that said it took $3000 to keep a mare a year, as it doesn't cost me close to that much, so the stud fee, vet fees, then above those costs are my profit. The $9000 3 year old was just an example of really expensive prospects that don't have any more than 60 days, nicely bred but not own get off anything really special. It gets so frustrating when looking for a reasonably priced, decently bred prospect.
Not trying to steal this thread.
How much does it cost you to keep a mare ? What part of the country are you in? Just curious as I have heard people say different things. Fortunately ours are turned out on good pasture for 8months of the year. The $3000 is feet, teeth, vaccines, bedding when they are stalled before foaling, hay, grain etc. We have fescue here so have to put on Alfalfa 90days before foaling or it would lower our cost a lot.
What do y'all think is reasonable to pay for a broke 3yo with decent bloodlines ( gdaughter son on both sides of a known line) ? | |
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  Independent Cuss
Posts: 3978
Location: Dearing, GA | RunfastNTurn - 2016-03-15 12:41 PM
Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I'm in Tennessee near Memphis. We have plenty ready to go for $4-6,000 in this area. Only problem is no one is buying. I have an 8 year old ready to be hauled, gelding, cow bred. Priced at $4,500, and I'd definitely take less, but no one wants to offer cash. Everyone wants to trade. I traded him (under contract), but the horse I traded for was lame so that deal fell through ): | |
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 Elite Veteran
Posts: 912
Location: Alabama | Just Let Me Run - 2016-03-16 11:35 AM
RunfastNTurn - 2016-03-15 12:41 PM
Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I'm in Tennessee near Memphis. We have plenty ready to go for $4-6,000 in this area. Only problem is no one is buying. I have an 8 year old ready to be hauled, gelding, cow bred. Priced at $4,500, and I'd definitely take less, but no one wants to offer cash. Everyone wants to trade. I traded him (under contract ), but the horse I traded for was lame so that deal fell through ):
I really like your gelding btw and I don't think he is priced badly at all!  | |
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Independent Cuss
Posts: 3978
Location: Dearing, GA | Sockittoemred - 2016-03-16 11:43 AM
Just Let Me Run - 2016-03-16 11:35 AM
RunfastNTurn - 2016-03-15 12:41 PM
Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I'm in Tennessee near Memphis. We have plenty ready to go for $4-6,000 in this area. Only problem is no one is buying. I have an 8 year old ready to be hauled, gelding, cow bred. Priced at $4,500, and I'd definitely take less, but no one wants to offer cash. Everyone wants to trade. I traded him (under contract ), but the horse I traded for was lame so that deal fell through ):
I really like your gelding btw and I don't think he is priced badly at all!
Thanks! I don't have to sell so I'll keep taking videos and renewing an ad until he sells.
Hard part is fishing through the tire kickers, but we all know that just comes with the territory.
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Independent Cuss
Posts: 3978
Location: Dearing, GA | mtcanchazer - 2016-03-16 10:29 AM
stayceem - 2016-03-16 9:06 AM Frodo - 2016-03-16 9:26 AM I'm giving nearly $20 for a 50 lb. bag of feed and $6 to $8 a bale for hay, sometimes more. All this for senior horses that are no longer useful. I wonder how anyone on an average budget(or with children to raise) can afford to own horses. It's become quite an expensive hobby. I've felt the same way. I make a decdent paycheck, higher than average but I have to board. With board, living expenses, student loans, etc I am struggling to have enough disposable income to buy. I am not looking for a fancy bred futurity hopeful. Just something bred to be athletic that isnt WILD! HA. As i said in my previous post, there is a gap in the market. Lots of young stock. I cant afford to board a yearling, 2 year old or even 3 year old for 1-3 years before I can actually do much with it. I take great care of my horses but even the saddles, PHT, BOT stuff... I dunno how people afford it!
Haha "kind of" crazy? I agree with you.
Down here I pay $13.99 a bag of feed (Dumor Equistages, my horse looks great on it). I go through 6-8 bags per 30 days.
Mixed grass hay is $4.50 per bale, and I go through 5 bales per 30 days in the winter, 3-4 bales per 30 days in the spring and summer (roughly).
Board for me is free (I exchange physical labor for board). If it wasn't, it would be $175 per month.
Calculate farrier ($70 for front shoes + a trim), and a yearly vet visit of $200 (Coggins + vaccines)
That totals $380 per month, or $4,700 per year, roughly. | |
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Total Germophobe
Posts: 6443
Location: Montana | Tn_Barrelracer - 2016-03-16 10:21 AM mtcanchazer - 2016-03-15 6:37 PM Jenbabe - 2016-03-15 4:46 PM mtcanchazer - 2016-03-15 5:09 PM RunfastNTurn - 2016-03-15 11:41 AM Well.. I have been looking as I am in the market to buy.. however I have a small budget, 5K or less. I cannot find anything in that range unless it is 20 years old. I see yearlings going for more than my budget. It is kind of frustrating....
I have the same budget, and it is tough. But even $9000 for a broke 3 year old not started on barrels when you can buy a finished horse for that, it is crazy. I understand about how much it costs to keep a mare, but then again I figure (at least in my case) that I'm going to own the mare any ways so I'd have to care for her any ways, so the stud fee and vet fees for the process is the amount I really have to be concerned about.
I find all your answers most interesting, and feel free to share more. Thankfully it doesn't cost me near that much to care for a mare each year! But I think those costs along with all of the breeding expenses and foal care until it is sold should be what a breeder needs to get back out of the foal (plus some profit! ). However, you have to look at the type of foal. For example, if I want a top-notch futurity prospect I better plan on spending some serious money. This foal is going to be an own son or daughter and out of a proven mare. If you're willing to go with a foal out of a less proven mare that maybe isn't an own daughter, then you can expect to pay quite a bit less. And that doesn't necessarily mean one is better than the other, but when you are looking at the odds of getting a top performer, you're obviously going to have a greater chance with the more proven parents, and that's where the higher value comes in. The other thing that should be considered is age versus training level. The futurity prospects that are going to command a higher price will be on track to compete at a high level. And if they fall behind then the value should go down. And I think there's a value drop-off once the futurity years are passed if they aren't finished and ready to head on to the next level of competition. I think the problem some people get into when pricing horses is that they cannot be honest with themselves about what they have. They price based off of what they see others pricing, not what the actual value of their horse is based on age, pedigree, and training/competition level. And as a breeder, I can say there are times when I have more into a foal than what I can justify pricing it at - extra breeding expenses, injury, sickness, etc. So my options are to price it high and never get it sold! Or take my loss and learn my lesson. (And sometimes that lesson is learning that my mare is not going to command a high enough price for her foals to continue attempting to breed for profit. ) Obviously these are my own opinions and experiences! Oh I agree! What I was replying to was about the person that said it took $3000 to keep a mare a year, as it doesn't cost me close to that much, so the stud fee, vet fees, then above those costs are my profit. The $9000 3 year old was just an example of really expensive prospects that don't have any more than 60 days, nicely bred but not own get off anything really special. It gets so frustrating when looking for a reasonably priced, decently bred prospect. Not trying to steal this thread. How much does it cost you to keep a mare ? What part of the country are you in? Just curious as I have heard people say different things. Fortunately ours are turned out on good pasture for 8months of the year. The $3000 is feet, teeth, vaccines, bedding when they are stalled before foaling, hay, grain etc. We have fescue here so have to put on Alfalfa 90days before foaling or it would lower our cost a lot. What do y'all think is reasonable to pay for a broke 3yo with decent bloodlines ( gdaughter son on both sides of a known line ) ?
You're not stealing the thread at all.
I have calculated it every year, keeping track of my expenses from hay to paying for extra pasture, worming, vaccines, grain, farrier, tack expenditures, etc. anything that you have to pay for including vet fees, fencing, I mean everything, literally, and I've been able to keep it around $1500 a year for 1 horse, and I don't buy cheap hay (the $7 a bale alfalfa/grass mix), good farrier care, good vet care. I do some things myself that I could hire done but I don't see a reason for it. I'm in Cental Montana. But I budget carefully, thoough.
I think a reasonable price for an average 3 year old with 60 days and decent (nothing special, but good) bloodlines should be around $4000, varying a little bit with the bloodlines (less for less popular, more for more proven).
Edited by mtcanchazer 2016-03-16 12:51 PM
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Extreme Veteran
Posts: 560
Location: Where the buffalo roam | I have a 3 year old that I bought as a long yearling. He has had 60 days of training to the tune of about $2,000 and if I count hay, vet bills, shoes and the basics, I am into him over $7,500. There is no way I could sell him for $4,000. I am not planning on selling, but would wait until he was 5 or 6 just because I might be able to break even by then if he turns out decent. I don't feel that $4,000 for a broke horse is realistic regardless of what age they are. | |
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 Expert
Posts: 2674
Location: Silver Lake, MN | This is a facinating thread to me. As a buyer I know breeders have a ton of money into just getting babies on the ground normally. And when I look at the price of prospects now I don't know how I would be able to afford anything that is even loping the barrels. I try to find the deals, ones that are behind or may need a little more time on them. And I have a source for young, reasonably priced well bred young horses that I have been doing lately. It's easier for me to put the money into them gradually than to buy something in a big lump sum. It's kind of like my own payment plan for a prospect. I have an Ivory James grandson/daughter on order for 2016. LOL. I cannot afford own sons and daughters but there are a lot out there that are still bred well or by more locally known studs than the national ones. Even advertising costs are huge! They have to regroup it from somewhere. | |
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 Expert
Posts: 1631
Location: Somewhere around here | stayceem - 2016-03-16 9:06 AM
Frodo - 2016-03-16 9:26 AM
I'm giving nearly $20 for a 50 lb. bag of feed and $6 to $8 a bale for hay, sometimes more. All this for senior horses that are no longer useful. I wonder how anyone on an average budget(or with children to raise) can afford to own horses. It's become quite an expensive hobby.
I've felt the same way. I make a decdent paycheck, higher than average but I have to board. With board, living expenses, student loans, etc I am struggling to have enough disposable income to buy. I am not looking for a fancy bred futurity hopeful. Just something bred to be athletic that isnt WILD! HA.
As i said in my previous post, there is a gap in the market. Lots of young stock. I cant afford to board a yearling, 2 year old or even 3 year old for 1-3 years before I can actually do much with it. I take great care of my horses but even the saddles, PHT, BOT stuff... I dunno how people afford it!
Marry rich HAHAHA! | |
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 Elite Veteran
Posts: 602
| stayceem - 2016-03-15 9:45 AM
I feel like there is a gap... I see a lot of older, trained for nothing particular horses and then quite a few higher end prospects or finished horses. Not a lot in the middle. I see tons of ISO ads looking for a 4-6 year old broke barrel prospect under 5k. They dont necessarily need to big bloodlines or higher dollar prospects. Just something with a good start that they can haul around.
I have also noticed a lot of untouched 4-5 year olds that seem to flood the market. They're cheap but some arent even halter broke.
I agree with you, 4-5 yr olds are hard to come across these days. Ive been looking at cutting/reining rejects and ive found some nice ones around $4500-6500. | |
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Total Germophobe
Posts: 6443
Location: Montana | CarrieH77 - 2016-03-16 1:28 PM This is a facinating thread to me. As a buyer I know breeders have a ton of money into just getting babies on the ground normally. And when I look at the price of prospects now I don't know how I would be able to afford anything that is even loping the barrels. I try to find the deals, ones that are behind or may need a little more time on them. And I have a source for young, reasonably priced well bred young horses that I have been doing lately. It's easier for me to put the money into them gradually than to buy something in a big lump sum. It's kind of like my own payment plan for a prospect. I have an Ivory James grandson/daughter on order for 2016. LOL. I cannot afford own sons and daughters but there are a lot out there that are still bred well or by more locally known studs than the national ones. Even advertising costs are huge! They have to regroup it from somewhere.
I couldn't agree with you more, and that is basically what I do, or try to do. I'd love to buy something finished, but am usually unable to do so because the time I get enough money saved up, the price goes up.
To those who raise babies, I'm not trying to insult you with the $4000 price tag for a 3 year old. Horses are expensive, I don't disagree, but that is just what I feel should be an average price of a decently bred, started 3 year old. If it is an own get of something, no doubt its worth more, I don't disagree with that either.
But this whole thread is just seeing how the horse market is, but it seems slow to me in our area. It is interesting to find out all the different answers. | |
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Expert
Posts: 2674
Location: Silver Lake, MN | mtcanchazer - 2016-03-16 3:21 PM CarrieH77 - 2016-03-16 1:28 PM This is a facinating thread to me. As a buyer I know breeders have a ton of money into just getting babies on the ground normally. And when I look at the price of prospects now I don't know how I would be able to afford anything that is even loping the barrels. I try to find the deals, ones that are behind or may need a little more time on them. And I have a source for young, reasonably priced well bred young horses that I have been doing lately. It's easier for me to put the money into them gradually than to buy something in a big lump sum. It's kind of like my own payment plan for a prospect. I have an Ivory James grandson/daughter on order for 2016. LOL. I cannot afford own sons and daughters but there are a lot out there that are still bred well or by more locally known studs than the national ones. Even advertising costs are huge! They have to regroup it from somewhere. I couldn't agree with you more, and that is basically what I do, or try to do. I'd love to buy something finished, but am usually unable to do so because the time I get enough money saved up, the price goes up.
To those who raise babies, I'm not trying to insult you with the $4000 price tag for a 3 year old. Horses are expensive, I don't disagree, but that is just what I feel should be an average price of a decently bred, started 3 year old. If it is an own get of something, no doubt its worth more, I don't disagree with that either.
But this whole thread is just seeing how the horse market is, but it seems slow to me in our area. It is interesting to find out all the different answers.
And I live in MN. Hay is pretty plentiful around here and doesn't cost a fortune compared to other areas, it's gone up the last couple of years but is starting to level out some. I know the rain out in the dakotas the last couple of years has helped with pastures making it most cost effective to raise babies. Pastures around here for the last few years have been good so all that helps us up in the northern country. | |
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What is the horse market like where you're at?