How to make money on a small horse farm?
Hi everyone. Well I found a property for a pretty good price and its about 17.5 acres, 5 cleared and the rest wooded. Its not even 8 miles from my home and def. in a country setting which i like. I havent personally seen it yet but I might be going soon. My ultimate goal would be to build a simple barn with maybe 5-6 stalls (not sure how much that will cost), a simple riding ring w/ jumps, and a few separate pastures. honestly, I would be soley responsible for the stable as I would be the one driving before school to feed and going after school to train and do everything else. I would like to have a nice show horse already trained, a small project, a mini/pony for my sister, and maybe a couple of rescues every year to rehabilitate, retrain, and find new homes for.
The property, if there was a loan, would probably cost $6-700 per month for 30 years and my dad would be covering that. My question though is what else could I be doing to obtain more money? I was considering having a friend purchase part of it so they can expand their agricultural business a little bit, but I doubt that would work. If I bought the property, could I make money by selling horse manure?
I would not board because I am too young to be reliable for that and its just too much hassle for me. This is mainly a place for myself to do my own training and make some money with. Also, no lessons - too much reliability stuff to deal with. I probably wouldnt have a horse to lease either (or could I do this??)
Could I make money by maybe privately renting out a couple of pastures for someone to have their horse?