Jill
Aspiring Cowgirl
Right now, about the only things NOT on sale are gas, food, and precious metals
It's a great time to buy many things, including a nice new horse (or two)
Agreed! I went into this with the intent to have fun, and eight years later, I'm still having fun.Is there money to be made right now? Probably not, but there is FUN to be had!!
Dr Taylor
Thats what I'm screaminI have heard many times lately about how horse prices are down and that is bad for the industry.
I think it is quite the opposite! I think it is an opportunity to have some fun!
Gas prices are too high to go to a show? Great news save the money on the purchase of the horse.
Grain prices too high? Ponies/minis don't eat much.
Running out of space? Ponies/minis don't take up much room.
Whether or not some one wants to breed I will leave to them as I know that's fun too, but consider; you could go to most sales/shows and buy the best one there that is exactly what you want pretty cheaply.
What you will spend to show ALL summer will be a fraction of what others will spend on a week on a cruise. Who had more fun?
Dr Taylor
Your post makes me so sad. I am sorry that you are going through this but I must say that many others are in the same boat. Over the weekend, I took two calls from breeders who were almost giving away their mares and then today got another email that another farm in my state was dispersing.It's a difficult time to sell horses, no doubt about it. I recently advertised a stallion that a couple of years ago I had a dozen people wanting to buy...I just wasn't ready to sell him. Now I am ready. Advertised him, add gets over 100 hits, and not one single email. I was rather suprised. I have horses that I have advertised for sale as "Make me an offer", again, get a ton of hits...and not one single email. Offer me $100.00, I might take it.
I have professional pictures...doesn't make a difference, they don't sell first. Infact I don't sell any of my horses with professional photos anymore. Now, people hold it against you if you have professional photos...they think they are altered, misleading. Most of that is bogus. But that is a whole other topic that I won't get on my soap box about. Take my own photos and if you do a nice job, then they are just as bad as having pro photos, and they aren't good enough. I clip, groom, present beautifully and people want me to go take a picture of them standing in the mud puddles. If I sent them pictures of horses in mud puddles, they would want clipped photos. If you take baby pictures, a month later they want brand new photos. If you live in a climate where I do when you only get 2-3 nice months a year to do photos, it's hard. Now everyone wants videos. If you don't foal until June like I do, everyone has picked out their new purchases usually before my foals hit the ground.
I have come to the conclusion it just isn't worth it anymore. I am not enjoying it, I am going bankrupt trying to give away my horses. I spent thousands of dollars on some of the best, and now can't sell offspring for hundreds. Just doesn't make much business sense anymore. I am foaling out my last foal crop this year, and will be dispersing (or giving away) my horses. When I tell people this they say, no, you can't quite, your horses are beautiful, but yet those people never inquire about buying a horse. I know of breeders who are euthanizing their stud colts when they are born. But yet they keep breeding more and more mares. Maybe if everyone would take a year off we would all be in a better position in the long run. We are destroying ourselves. Supply and demand...but when I see farms that have 100 foals for sale, I just don't know why it suprises me that I don't any inquiries on my foals. Just my two cents, but this is America and people can do as they wish. For those that are still selling great horses for great prices, I commend you and I wish I knew your secret!!!
This breaks my heart! I can only speculate as to why he is sending them to Mexico. business wise there are large horse owners that will give horses away and even put them in your horse trailer without your knowlege at some of the auctions if it's not locked. Big horses would bring more money. Your advice is right on reasearch your buyers.Low prices bother me A LOT. I have 4 and can not buy more. But that is not why low prices bother me. There is a man at the end of my street that is buying minis. He is buying all he can get. He has no care for breeding, registration, conformation or training. He bundles them all up and sends them to Mexico. He will pay up to $700 for a mini. I warn any person that is selling cheap to ask lots of questions. Ask to see where they are going to keep the horses. When I discovered he even had minis, he had 3 of them tied up short so they could not drop their heads at all. Not even to rest. When I mentioned to him that tying short was not a good idea, he said that they were OK they would be leaving for Mexico soon. He also asked me if I knew where he could buy any more minis.
Your Father was wise. When I talk to clients about this I add, 'Would you sell a stock for $50 that you paid $100 for? They say, NO. I then add, how about $25 or $15 or $10, You know there are people who still own Enron.'Ok, I may get in trouble for this, but something my dad told me long ago that I've kept at top of my mind ever since, that I think needs brought out. The amount of money you put into something - be it car, horse, home, etc. - DOES NOT DETERMINE ITS VALUE. Its value is completely determined by what someone is willing to pay. Sure, someone may be willing to pay more because of what you put into it, but I there is not a linear correlation in any way.
I continually hear "I have x dollars in this horse, but can't sell him for what he's worth." Or "the breeding fee alone was more than that". Ok, but maybe you just didn't get a great combination from that breeding. It happens. What you paid to buy, train, breed, keep, etc., doesn't make a bit of difference to a buyer. They are generally interested in what the horse is AT THAT MOMENT IN TIME. When I was breeding, I planned to sell some horses at a loss to get them off the feed bill, have that broke even, and have some that really were exceptional individuals that made up for the low ones. I guess I see so many people who think they should profit on every horse - that's just not reality, I don't believe.
Long and short - Value is completely determined by the purchaser and the market, and has (in most cases) almost no relation to the amount of money you have put into the horse.
I will say, my dad had another adage that in this economy has (for the first time) proven false. He used to say there is one sure way to sell a horse, sell it for less than you paid for it. I think that's not even a sure way to sell anymore.
I agree! Thank you, Dr. Taylor, for your posts! I love reading them and they are always insightful.Dr. Taylor -- I so hope I can meet you some day! Your humor delights me, and just lifts my spirits! Thank you for your humor AND ALL THE HELP AND INFORMATION YOU SHARE WITH US! YOU'RE PRICELESS ON THIS BOARD!
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