I am sad to say that my husband and I are getting out of the breeding business.
We have a small breeding ranch and breed a few very good horses. Unfortunately with the market being what it is, I have found that we are spending more and more $$ and making less of a profit (as in none really when it's all said and done.) We are going to geld our Paint stallion and our Palomino stallion prospect and at this time we are only keeping our personal riding horses.
I suppose it is possible to make money doing it, but, I found that I made some decisions with my heart instead of my head. Although I can't say I would really change anything I did, because it was the best for my "babies".
It is my hope that in the next 5 years or so the market will change upwards again. If it does, I hope to do it again. I truly enjoy it. But it doesn't make sense (for us) to "hang on" for another 5 years in the hopes of it improving.
We are going to concentrate on upgrading our facility in the hopes of increasing the boarding end of the business at this time. (if not, then we'll just have a really nice place!
I don't agree with the fact that you only have to have million dollar horses to make money. I think that there will always be a market for decent bred, well trained horses. But, we've lost our trainer, and both my hubby and I work full time and just can't dedicate enough time to the babies to do it properly. And for me, if I can't do it the right way, I won't do it at all.
I wish you luck in your business and if you have any questions, please feel free to ask me.