Hi! Thanks for the question.
I will cite different articles and try to piece the puzzle so we could
get an idea of the financial requirements of horse farms.
Our first link is a college course for the Equine Industry (or those
in the horse business) and provides us with an overview of the
different capital requirements horse farm owners must face and might
be a subject for their lending needs.
1. Real Estate
2. Barn Construction / Facilities
3. Equipment
4. Feeds
5. Insurance
“Horse Farm Project”
http://www.equinecollege.org/horse_farm_project.htm
The next articles provide estimates of costs capital requirements for
horse farm owners.
Farm Construction:
Land clearing - $2,500 an acre
Grading for arena & barn - $5,000
Bulldozer – move in/move out - $500
Rough grading roads – 4 days @ $600
Rough grading building pads – 2 days @ $600
Rough grading arena – 5 days @ $600
Total for Grading = $11,400.00
“How much will all this cost?”
http://www.stablewise.com/faq/00029.html
Barns Facilities Sample Costs:
Doors with Fly Control - $800
Exhaust Fan - $140 to $200 (from contractor)
Flooring – Asphalt (about $7.25 per square foot)
Horse Bathing Systems –less than $1000
Mini refrigerator for medicines - $140
“Build a Barn that Works”
http://horses.about.com/farm/stable/eqbarn915/
Since time is money, it would be also good to have an overview of the
typical construction time of a horse farm.
“How long will my project take?”
http://www.stablewise.com/faq/00028.html
Farm Equipment Sample Costs:
a. Tractors. $12,000 - $17,000
b. Manure spreaders - $2,500
c. Mowers $900 - $1,100
d. A front-end loader, or bucket, attached by two hydraulic arms -
$3,000
e. Chain harrow or chain drag - $400 - $500
f. Tractor-drawn utility cart - $400 and up
g. Scraper blade - $325 - $375
h. Posthole digger, or auger - $850
i. Mower-conditioner or Haybine – $5600 (used)
(http://www.cjmfarmequipment.com/_action.lasso?-database=cjmequipment.fp5&-layout=cjm1&-response=Detail.html&-recordID=32862&-search)
j. Wagon or Flatbed Truck – $750
(http://www.sweettractors.com/compact.html#anchor5)
TOTAL: $20, 375 - $25,725 (Haybine and Wagon cost not included)
“What equipment should you buy?”
http://horses.about.com/cs/eqtools/a/equip1969.htm
“The Cost of Farm Equipment”
http://www.equisearch.com/farm/tools/costs1972/index.html
Another financial cost for horse farm owners will be insurance not
only for the horse but also for your properties and equipment,
employees, for your customers if you operate a riding school or you
have a boarder in your farm.
“What Stable Owners Need to Know About Business Insurance”
http://horses.about.com/farm/legal/eqinsurest2167/
“Checklist for Equine Insurance”
http://horses.about.com/farm/business/eqinsure2344/
If you are lending to a horse farm owner, you might want to avail of
market consultants for the equine industry. Our sample service
provides some helpful services such as:
- Economic impact analysis
- Trend analysis
- Demographics assessment
- Financial forecasting
- Target market evaluation
Equine Business Resources
http://www.equinebusiness.biz/specialized.html
Search terms used:
“horse farm” “equine industry” overview business plan
I hope this link would help you in your research. Before rating this
answer, please ask for a clarification if you have a question or if
you would need further information.
Thanks for visiting us.
Regards,
Easterangel-ga
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