The only folks that I know that can make a living doing breeding have a very diversified business. They also farm/sell hay, train, give lessons, do trail rides and kid horse camps, etc. They also do construction related jobs since they already have tractors, dump trucks, etc. Doing all this, they can keep everything going even when a couple parts of their business are slow. Due to the economy breeding and training have been money losers and lessons have been in high demand. Hay always is a winner, but there's not much profit.
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