The Cost of owning a horse (annually)
Chart below:
Purchasing Expenses
Price
Horses can cost anywhere from a few hundred dollars to hundreds of thousands of dollars. A horse intended for trail riding and pleasure can be found for $500-$5,000. Of course, you can pay a lot more. As expectations for the horse rise, so does the price. If you wish to compete you will need a horse that has been trained in your discipline. This adds to the purchase price. Experience, training and breeding all add to the purchase price.
Research
This may be as little as a few phone calls or 15%-20% of the purchase price to pay an agent. There may also be travel expenses if you are forced to shop out of town.
Pre Purchase Exam
This is recommended for every purchase. For a pleasure horse, this should be no more than $100. For a more thorough vetting expect to pay $250-$500. Transportation
Shipping is expensive. If you do not have your own trailer expect to pay 25¢-$1 a mile.
Horse Care Expenses
Board
Another great variable. Depending upon the services provided ranges from $50-$2,000 a month. Full board may include feed, bedding, training and care, but may not necessarily include worming, shoeing etc. Healthcare
Vaccines $20-$100 every 6-12 months Worming $4-$12 every 6-8 weeks Hoof care $10-$25 for trimming every 4-8 weeks, or $40-$100 for shoes every 4-8 weeks. Dentist $20-$100 once a year.
Equipment and Supplies
Stable tools
Stable forks $20-$30 each
Brooms $10-$20 each
Wheel barrows $50-$150
Grooming tools
Brushes $3-$20 each
Supplies
These include first-aid items, grooming products, etc. Budget $10-$100 Tack
Good second-hand tack can often be found at very reasonable prices. Prices for new tack.
Saddle $500-$2000 each
Bridle $50-$200 each
Halter $10-$100 each
Blankets $75-$200 each
Bandages $20-$100 a set
Competitive Expenses
Lessons
Lessons are important for everyone. Pleasure riders can improve their skills and maintain or improve their horse's level of training. Anyone wishing to compete successfully needs to continually practice and improve his or her skills. The quality of instruction varies greatly as does the cost, it is wise to shop around. Expect to pay $10-$200 an hour.
Entry Fees
For a local show the fee per a class may be as little as $5-$20. For recognized shows expect to pay $20-$200. Traveling
A serious competitor will need his own transportation. Truck and trailer $5,000-$75,000. Horses that travel need health certificates and additional vaccines and tests. $10-$100. Traveling with horses involves other expenses such as stabling, hotels and eating out.
Insurance
An expensive horse is worth insuring. Policies vary greatly from a simple loss of use policy to coverage for surgery and other medical procedures. Insurance can be tailored to any circumstance.
It can add up to 3000/year if you are keeping your horse on your own property or as much as 20,000/year for an upscale training barn.
Chart below:
Purchasing Expenses
Price
Horses can cost anywhere from a few hundred dollars to hundreds of thousands of dollars. A horse intended for trail riding and pleasure can be found for $500-$5,000. Of course, you can pay a lot more. As expectations for the horse rise, so does the price. If you wish to compete you will need a horse that has been trained in your discipline. This adds to the purchase price. Experience, training and breeding all add to the purchase price.
Research
This may be as little as a few phone calls or 15%-20% of the purchase price to pay an agent. There may also be travel expenses if you are forced to shop out of town.
Pre Purchase Exam
This is recommended for every purchase. For a pleasure horse, this should be no more than $100. For a more thorough vetting expect to pay $250-$500. Transportation
Shipping is expensive. If you do not have your own trailer expect to pay 25¢-$1 a mile.
Horse Care Expenses
Board
Another great variable. Depending upon the services provided ranges from $50-$2,000 a month. Full board may include feed, bedding, training and care, but may not necessarily include worming, shoeing etc. Healthcare
Vaccines $20-$100 every 6-12 months Worming $4-$12 every 6-8 weeks Hoof care $10-$25 for trimming every 4-8 weeks, or $40-$100 for shoes every 4-8 weeks. Dentist $20-$100 once a year.
Equipment and Supplies
Stable tools
Stable forks $20-$30 each
Brooms $10-$20 each
Wheel barrows $50-$150
Grooming tools
Brushes $3-$20 each
Supplies
These include first-aid items, grooming products, etc. Budget $10-$100 Tack
Good second-hand tack can often be found at very reasonable prices. Prices for new tack.
Saddle $500-$2000 each
Bridle $50-$200 each
Halter $10-$100 each
Blankets $75-$200 each
Bandages $20-$100 a set
Competitive Expenses
Lessons
Lessons are important for everyone. Pleasure riders can improve their skills and maintain or improve their horse's level of training. Anyone wishing to compete successfully needs to continually practice and improve his or her skills. The quality of instruction varies greatly as does the cost, it is wise to shop around. Expect to pay $10-$200 an hour.
Entry Fees
For a local show the fee per a class may be as little as $5-$20. For recognized shows expect to pay $20-$200. Traveling
A serious competitor will need his own transportation. Truck and trailer $5,000-$75,000. Horses that travel need health certificates and additional vaccines and tests. $10-$100. Traveling with horses involves other expenses such as stabling, hotels and eating out.
Insurance
An expensive horse is worth insuring. Policies vary greatly from a simple loss of use policy to coverage for surgery and other medical procedures. Insurance can be tailored to any circumstance.
It can add up to 3000/year if you are keeping your horse on your own property or as much as 20,000/year for an upscale training barn.
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