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?
if you have enuff to build a larger barn you could lease out the place for a trainer to us. Minus the stalles you need. they pay you a mounthly rate. Say you maid 15 stall barn and leased out 10 stales. You could charge like $800 to $1000.
Or you could let some one come in and give lessons off of your horses and split the lesson fee with you.
I don't even know where to start with an answer, and that is probably why you are not getting replies..
I'm sorry but it sounds at best like a pipe dream, and at the worst a troll at work.
Well you won't make money just having a few horses and training them, at least not enough. Boarding would be the way to go. Hire someone to clean the stalls and feed. Though as Golden horse said, it's a bit of a pipe dream. Though you can make it work if you really think and plan it out. Talk with your parents, or someone with business experience.
a troll? how is that even relevant? And no its not a dream, I've been searching day and night how I could possibly make something like this even possible. I woudln't need to hire anyone because it wouldn't be too far and I would happily do the job myself.
Although the stall thing seems like a good idea, I just don't really know if there is anyone like that here. I thought about boarding but liability is way too much to deal with when not trying to be a super well known barn. I thought about having pastures and renting them out privately, is that possible?
The thing is, it would be impossible to continue that for any length of time without some kind of incoming revenue. Plus, as far as I know, boarding and renting out pastures are of the same beast. There would still be the liability issue since the horses would be on your property; therefore, there would be an additional insurance cost. Added on to that, in order to charge even a minimal fee for pasture board, you would really need to have some kind of shelter built in every pasture to give the horses someplace to hide during inclimate weather.
The expenditures would far exceed the income and you would be in money trouble quick. It's a nice dream for someone from a wealthy family who doesn't have to work in order to survive, but if you are counting on that to make your living, it's wishful thinking.
First is the land logable? If so are the trees money trees? I almost purchased about 200 acres in Tn and the standing timber would have paid for the land. If there is 17 acres and only 5 cleared if it has not been logged in the past 20 years that could put a big dent in what owed on the land.
Unless you or your dad is in construction I would buy a place with a barn already on it.
dose the property have a house or is it just land?
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