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How Much Does It Cost to Own A Horse?
We all love pets; some of us like dogs, some like cats, some people into birds and few people dream to about having horse as a pet. It is okay to have the horse as a pet. However, there were days when horses can buy with the few bucks, but it is not the same reality today. If you plan to purchase a horse, you make sure that your pocketbook is lot bigger.
When you buy a horse, there will be responsibilities that you should carry on throughout your life. It is a fact that when you are buying a horse, you will save the animals life from euthanized for any physical failure or die without no proper care.
Horses are beautiful creatures! Both human world and horse’s world have the strong bond for thousands of years. Of course! You will be the coolest person in the whole neighborhood if you own a horse. But hold your horses first, before you start to ride on your dream, do have any idea about the basic financial expenses of animal maintenance? Or how much does it cost to own a horse? …Welcome to the reality people, because it is pretty damn expensive!!!
You will face both one time and the recurring expenses on the periodical basis. Some may be in hidden cost factor that we would realize in real time. Overall, it is your smart thinking that could save the tight budget at the end of the day.
Let’s Talk About the Money
Buying a new horse is not going to be difficult, but struggle may start from feeding, stabling, health care checkup, and equipment’s costs will add up to the final cost. There is a misperception that only the wealthy and rich people could afford to have horses. The American Horse Councils (AHC) states that the average income of a horse owner in U.S is ranges from $40,000 – $100,000. So, how much does it cost to own a horse?…
The total cost of a horse depending on the breed, young or not trained, size, color, geographical location and whether the horse is going to be lives in your farm or a boarding facility. It looks like there is no easy way to give you the accurate answer in digits.
|Boarding fee||$400 – $600||$4060 – $7000|
|Equipment and Supplies||$350-$1500|
|Hay & Straw and other nutrients||$350 – $400||$4000 – 4800|
|Hooves trim||$32 – $40||$384 – $480|
|Vaccinations fee||$200 – $300 (Every 2-3 months)||$600 – $1000|
|Insurance cost||$90-$150||$2500 – $5000|
|Farrier trim||$50 – $80 (Every 2 months)||$550-$600|
|Veterinary cost (Dentist / deworming, etc)||$40 – $80||$300 – $500|
|Emergency Fund||$1000 – $1500||$10000 – $15,000|
|Total||$2250- $3300||$23000 – $34,380|
As per the current market price of a healthy horse, would range from $3000 to $10000 with no additional fees. Being owner of the horse, is unique and a lifelong commitment. The cost of hay, nutrient grains, shavings, watershed tubs, proper place, fence, farrier care, health check on monthly basis, hooves care, tack, riding equipment’s are all carry on with the total expense of weekly or monthly basis.
So, here is the bird’s eye view of the essential things that will compound with the full cost of a horse.
- Facility cost
- Feeding cost
- Manure Management
- Health care cost
- Boarding cost
1) Facility Cost:
When you start to plan to buy a horse, the most important factor you need to consider is the place where horse is going to live. It may be home pasture or boarding, the living environment should be comfortable and non-pollutant. It is mandatory for that a horse should need at least an acre of land to move around. Also, there is a tremendous advantage on the hay buying cost if you are an owner of many acres of pasture land. Here are few things that need to consider while making your property a horse-livable.
- Pasture land should have a proper safe fences
- Plan to supply hay more at the time of insufficient pasture or grass.
- Plan and maintain the hay storage effectively. So, it will save the hay wasting and buying cost.
- Better manure management
- Clean stalls and shelter
- Well maintained riding area
- Automatic watering system and ventilation system
- Tank water heaters at the time of winter and snow
Fulfilling this requirement takes time and planning as well. Making an informed decision is much more depending on the expenses involved in setting up these amenities as well.
2) Horse Feeding Cost
Have you ever heard of the phrase “He eats like a horse!”, It is kind of a funny way to imply a person who eats too many times in a day. Similar to that, Food plays the major part in the total yearly cost for a horse feed. As in fact, a horse eats grass or hay to 1.5-2.5% of his body weight on a daily basis and in an early basis nearly 2.5 tons of grass would be consumed. Also, depending upon the horse performance level, the daily intake would vary. For example, a riding horse would consume much more than the British showjumping horse, because of the energy level is differed.
If you are live in the southwestern of United States, who owns a horse, you may find hay prices are higher ($25/bale) at the drought seasons.
As already known, grass and hay is the basic food consumption by the horse, but they also need to consume multigrain nutrients regularly to be healthy and have a longer lifespan as well. So, here comes the “Nutritional expenses” that would be at least 30% ($12-$15) of the total feeding cost. On daily basis, a horse need to consume 2 pounds of nutrient supplements like rice bran, vegetable oil, corn, oats, barley, mixed pellets supplements, and soya bean, etc. These nutrient supplements would fight against the common health issues like dental, metabolic syndrome, geriatric problems, and bad breath.
Overall, the annual cost of a horse food ranges from $4000 – $6000 on an average. You can reduce this cost by utilizing the pasture land efficiently and proper food management facility.
3) Manure Removal Cost
It is a known common metabolic system that, what goes into the horse mouth should come out as manure. A horse defecate average of 50 pounds of fertilizer on a daily basis. It is the owner’s choice whether he or she wants to use the manure as fertilizer for empty lands or have completely removed from the area. If the choice is to use manure as fertilizer, then you need to buy equipment for stack, turn and spread for composting. It may cost around $50 – $200. If the manure needs to completely removed then, you can hire a haul manures company for $100-$150 for 20-square yard load.
It is necessary to have a better disposal management system when you have a broad land. So, it will prevent spreading of any diseases from human to horse and horse to human as well.