There is a well-known saying in the equestrian world, "If you want to make a small fortune in owning horses, start with a large fortune." With the joy and love that horses bring to their owners, it's no wonder that many potential horse owners often find themselves thinking, "How expensive is it to take care of a horse?"
Expensive To Take Care Of Horse Table of Contents
Whether you're a seasoned equestrian or simply daydreaming about the possibility of proudly owning a stable companion, understanding the true cost of ownership is essential. In this guide, you'll find a comprehensive breakdown of common expenses, as well as some useful tips on ways to save money when owning a horse.
Horse ownership can be an incredibly rewarding experience that offers a unique bond with your equine partner, camaraderie with fellow equestrians, and countless hours of enjoyment. However, it can also be expensive and time-consuming; therefore, it's crucial to look beyond the beautifully romanticized aspects of horse ownership and be aware of the real costs involved. Let's dive into a detailed breakdown of the expenses you'll encounter as a horse owner.
1. Initial purchase:
The cost of buying a horse can vary greatly, from a few hundred dollars for a rescue or a retired racehorse to tens of thousands for a highly trained, successful competition horse. Keep in mind that incredible deals or "free" horses often come with expensive medical or training issues that may add up far greater than the cost of a slightly more expensive, healthy, well-trained horse who is ready to ride or work.
2. Boarding:
If you don't have your own property to house your horse, boarding at a nearby stable or facility is often the best option. Boarding fees usually range between $300 to $800 per month, depending on the amenities, location, and services provided. This cost typically covers shelter, hay, grain, and daily turnout, however, additional fees for specialized feed, bedding, or other unique services may come up.
3. Vet Expenses:
Maintaining a horse’s health is essential for their overall wellbeing, and can be one of the most significant expenses. Routine veterinary examinations, vaccinations, dental care, deworming, and any needed medications or treatments can quickly add up. Expect to pay anywhere from $250 to $1000 annually for routine care, with occasional major expenses like surgeries and tests adding to the total.
4. Farrier:
How often your horse needs a visit from a farrier (the person who trims and shoes horses’ hooves) greatly depends on their specific needs. For most horses, expect to pay between $30-60 for a trim and $100-200 for shoes every six to eight weeks.
5. Feed and bedding:
While boarding fees generally include basic feed and hay, purchasing supplementary feed, treats, and critical nutrients can cost an additional $100-200 per month. Similarly, bedding costs around $20-50 per month if your boarding facility doesn't include it.
6. Tack and equipment:
Saddles, bridles, girths, halters, lead ropes, grooming tools, blankets, and other essentials add to the overall cost of ownership. Depending on the horse's discipline, tack alone can cost anywhere from a few hundred to several thousand dollars. While some of these items are one-time purchases or long-lasting investments, others like grooming tools, brushes, and blankets, may eventually need replacement.
7. Training and Competitions:
If your horse-owning aspirations involve competing, consider hiring a trainer to help you and your horse prepare for different events. Training fees often range from $50 to $100 per session, with competitions typically charging entry fees, stall fees, and additional costs for travel.
Expensive To Take Care Of Horse Example:
For a personal glimpse into the cost of horse ownership, let's say you find a suitable horse for $5,000. You will board your horse at a decent facility for $500/month, spend $100/month on feed, and reserve $50/month for various grooming or equipment fees. You also plan to spend $300/year for vaccinations, $600/year for farrier services, and enter two competitions per year at $200 each. Based on this example, the first year of horse ownership would cost:
$5,000 (initial purchase) + $6,000 (boarding) + $1,200 (feed) + $600 (grooming/miscellaneous) + $300 (vaccinations) + $600 (farrier) + $400 (competitions) = $14,100
Horse ownership may not be cheap, but the joy and benefits a horse can bring into your life are often priceless. Understanding and being prepared for the expenses can also alleviate stress and allow you to focus on the special relationship you will have with your horse.
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