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Numbers Game. The reality is that boarding facilities operate on slim profit margins. By the time costs are considered for hay, grain, bedding, labor for feeding, cleaning stalls, doing turnout, etc., the board fees typically do not leave a lot left over, Sherrick-von Schiller said.Labor costs are also significant.
Know local ordinances. Many states all across the country stipulate a ratio of acreage per horse for equine facilities. Determine your goals. Figure out prices. Assess insurance coverage. Create a boarding contract. Evaluate your facility. Plan pasture management. Organize manure disposal.
Numbers Game. The reality is that boarding facilities operate on slim profit margins. By the time costs are considered for hay, grain, bedding, labor for feeding, cleaning stalls, doing turnout, etc., the board fees typically do not leave a lot left over, Sherrick-von Schiller said.Labor costs are also significant.
If you have the space and facility to keep your equines at home, it's more cost effective and offers a number of advantages that boarding does not.Keeping a horse on full board offers owners virtually hassle-free maintenance. Full board includes, at the very least, feeding, stall cleaning and turnout.
The cost of boarding averages $400 to $500 per month but can go as high as $1,200 to $2,500 in metropolitan areas. Services such as mucking out stalls, feeding and turning out your horse to pasture may not be included in the price. For those lucky enough to own sufficient land, there are still costs to consider.
Scope out legalities. Consider zoning, business permits and your state's lien laws. Evaluate your facilities. Investigate the cost of liability insurance. Research your market. Crunch the numbers. Draw up a legal boarding contract.
Full board will include all the necessities for the horse, plus a stall with full turn out to pasture. Full board does not require owners to visit their horses every day; instead, staff at the barn clean the stall, feed the horse, and bring him in/out of the pasture.
Boarders may want to take out equine liability insurance in case of accidents, such as a horse getting loose and getting hit by a car, or otherwise injuring someone. The average price for $500,000 worth of coverage is $250 annually, and covers up to four horses.
Scope out legalities. Consider zoning, business permits and your state's lien laws. Evaluate your facilities. Investigate the cost of liability insurance. Research your market. Crunch the numbers. Draw up a legal boarding contract.