Join Date: Nov 2008
Location: An hour north of Dallas, Texas in Texas Horse Country!
• Horses: 0
Good and Bad ...
Just talked to a trainer friend of mine in Nebraska, who said that a reputable breeder, who always takes two horses every year to a respected sale up north, found the prices to be exceptionally low as well. Apparently, for the quality of horse this guy usually takes to the sale, he'll typically bring back $5,000 each. This year, he got only $1,500 for both of them.
And everyone is right here -- the tremendously down market is good for buyers and is allowing any cash buyer, even with very little to spend, to get a horse that would have been completely out of reach before. That makes it a great time to get a premium horse at an unheard of price for many people. Heck, I've got too many, and I was tempted to pick up a few just because they were so cheap!
There were three buyers at the front row of the World Show sale who were buying 'turnover' horses by the dozen. When they can pick up a horse with over 50 points, with world champion sires and solid dams, that's sound and good looking and ready to show, for $800 to $1500 -- there's money to be made there. Hopefully, not YEARS from now.
For sellers, the down market is having a devastating impact. But I guess that's true of many items in today's market, not just horses. Hopefully, things will begin to turn around before it gets much worse. I hope everyone here fares okay ... whichever side y'all are on.