Before you invest in a horse you should understand how much your monthly maintenance expenses will be. The initial expense of purchasing your potential star is just the beginning of your financial layout.
This is why investment partnerships are the most economical approach to ownership. Cost is divided among partners based on the percentage of investment, making it substantially more affordable to own thoroughbred race horses.
Day rates include all the feed, staffing, equipment and housing that it takes to train your horse. items not included in your day rate would be veterinary care, farrier, transportation, insurance for your horse, taxes and any special items your horse may need.
Keep in mind that the following fee structures are based on 100 % ownership. For example, a partner with 5% investment would pay $4.50 per horse each day at the race track rather than $95.00 per day. The foaling fee would be $13.75 as opposed to $275.00.
Race track rates vary between $75-$95 per horse per day. Away from the race track the training center rate is $65-$75 per day. A training center is a good alternative between the track and the farm. It is a great place to get your yearling turning 2 year old breezing prior to going to the race track where there is more activity.
Farm day rate is $25-$35 per horse. This is a good place to get your yearling started and save money. Some farms have their own training tracks. A farm is also the perfect place for an older horse to receive some rest and relaxation before heading back the race track.
Broodmares are boarded for $25-$35 per day depending on locale and if they are in the pasture full time or need stall care. Broodmares usually have very little veterinary unless it's breeding season. A mare's feet are trimmed every 4-5 weeks.
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