Justice Love'n Care Animal Rescue in Kitchener, ON posted a lengthy cost analysis of the cost of ownership, and I thought it was quite interesting. You can visit their page on Facebook at https://www.facebook.com/justice.care
. Keep in mind that this is cost of upkeep in the Greater Toronto Area, and it will differ in each region, country, etc. The following is from their Facebook Page:
What Justice Love 'n Care Animal Rescue figured out, this does NOT include building fencing, stalls, barn, brushes, training equipment, or tack- This is just to give people a general idea :0)
YEARLY TOTAL COSTS- $2810
HAY- $120 a month/$1440 a year based on the price of high quality hay rounds weighing 800 pounds and costing $120 a round, without use of pasture and purchasing you hay.
BEDDING- $40 a month/ $240 based on using straw at $2.00 a bale and stalling 6 months a year.
GRAINS- $25 a month/ $300 a year(we are basing this on 1 bag of grain a month, but every horse is different)
FARRIER COSTS- $350 based on paying a farrier $50 every 8 weeks
MINERALS- $15 a month/ $180 a year
VET COSTS- $300 based on 2 visits yearly, no complication, and basic vaccinations (every vet is different, call fees are different, they recommend different vaccinations, and starting initial vaccinations is more expensive as you need boosters)
The cost per month- If you are looking at a healthy horse from home- there are various expenses- HAY- a horse will eat 1.5-3% of its body weight in hay a day. The average 1000 pound horse will eat 22 pounds of hay a day. In the winter, horses eat more to help insulate themselves. Right now hay is expensive- you are looking at about $7 a small square (35-40 pounds). Medium rounds are costing us $120 in our area (that is about 800 pounds of hay). That would be about 1 round bale per 1000 pound horse per month. BEDDING- I am picky when I stall my guys. It cost me about $40 per month for bedding with straw- a lot more for high quality horse shavings. GRAIN- Your horse may or may not need grain. It depends- are you working your horse, does he or she have a hard time keeping weight on, are there other health concerns. There are so many different feed products there- I would suggest talking to a vet. Grain can be as little $0 a month if you do not need it, and to $100 + depending on what is going on with your horse. FARRIER- Farrier service can vary too- who does your horses feet? How far do they need to travel? Does yous horse need shoes, special adjustments- farrier service should be done every 6-8 weeks. I have heard of prices from $10 upto $100 + depending.
MINERALS- your horse will always need a mineral. It keeps them healthy and drinking- I get my guys a multi mineral- you can buy them at TSC or a local feed store- and prices vary from $5 upto $120- depending on size and type. I buy the BIG ones because we have so many horses. VET- An equine vet has a call fee. Every vet has different pricing and protocols as well. It is safe to say that the starting call fee is about $40. My vet charges an additional $3 a minute that they are here. Vaccinations vary too- the 5 way equine is about $70, tetanus is $20, and rabies another $25. Every facility is different- if you board different vaccinations may be required- and can include strangles.
DEWORMING- we deworm when a horse first arrives, and with the change of every season. We switch wormers so that they take care of different species. The average wormer costs $15 in Canada- go to TSC in the US and you can get a double pack for $8.
TACK and BLANKETS- Cost varies- are you willing to buy used or go to an auction. It is important to make sure your tack fits the horse properly. And also that is fits you as well.
THE COST OF OWNING A HEALTHY HORSE ON YOUR OWN PROPERTY WHEN YOU HAVE TO BUY HAY. 28 YEAR COST OF LETTING YOUR HORSE HAVE A FOREVER HOME FROM BIRTH TO HEAVEN- $78,680