Friday 26 August 2016

What does it cost?

Our individual horsey interests are a very small part of a vibrant global industry and like everyone, we want to pay as little as possible for everything we need for us and our horses. Not only does our money go further, it also enables us to do more, yet on the other end of all our money-saving efforts, is the profitability and viability of the individuals and businesses who derive a living from the equestrian industry.
Vets, farriers, feed merchants, trainers, competition organisers and show centres; all have business plans that show only too well what they need to charge to stay profitable. Cost cutting beyond a certain point benefits no-one, so next time you think something is too expensive, look at it from the ‘other side’ - could you earn a sensible living from what you’d like to pay for the product or service?
At this time of year entry fees and travelling costs account for a significant proportion of many equine budgets, but when you factor in training, tack and equipment, it’s easy to see why so few can truly claim to be ‘professional’ riders, earning their living entirely from horses and competing. There is a ‘middle ground’ however, where developing one or more income streams in the equestrian market allows time for riding and competition and there are many resourceful individuals who juggle the so-called life / work balance very successfully.
In our features in Equine magazine about Equine Careers this year, we’ve found out about some very varied and fulfilling working lives and it’s clear that the equestrian industry in Britain offers many, varied opportunities to build a rewarding career and develop a high level of expertise in a particular area of specialism.
Like any industry though, there are the pseudo-specialists and when it comes to horse dealers - the outright crooks, as recent news stories have highlighted. So don’t always choose the cheapest option for your horse - as you really do only get what you pay for.

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