Setting your budget When deciding how much
money you are going to spend on a horse purchase, Littlefi eld advises to weigh out the cost of the initial purchase and the cost of keeping him. “Are you buying a fi nished prod-
uct or an investment?” he asks. “And realize like all investments, there are risks involved and poten- tial for this to fail.” “If you are buying a fi nished
product, which I consider to be a horse 6 years or older, how much are you willing to spend?” he que- ries. Littlefi eld points out that pay-
ing $15,000 for a nice, gentle, well-broke horse might not be as expensive as you think when you consider the risks involved with a younger, immature horse. Investing in a young horse might have initial attraction of being usually cheaper but, he advises, have a plan for that investment. Littlefi eld notes that regardless
of age, feed and care for a horse is around $1,500 to $2,000 a year. “You can easily spend $4,000 a
year for care and training for the second, third and fourth year,” Lit- tlefi eld says. “And that’s just send- ing them out for training for 60 to 90 days each year. So if you paid $1,000 for him as a yearling, you will have at least $13,000 in him by the time he turns 5. “Some people want a project like
that — and if that is your plan, that is fi ne,” he continues. “It is just im- portant to be aware of what kind of investment you are making from the beginning.” Littlefi eld says if you are trying
to fi nd a bargain, you are probably getting what you pay for, and that bargain can end up costing you a lot more in the long run with vet
tscra.org January 2014 The Cattleman 55
PITCHFORK
LAND AND CATTLE CO. Est. 1883 Consigning to the
Best of the Remuda Sale
John Justin Arena Fort Worth, Texas
January 18, 2014 12:00 P.M.
Producing First-Class Quarter Horses and Quality Cattle for More Than 130 Years.
Guthrie, Texas 79236 • 806-284-2223 Brooks Hodges, General Manager
brookshodges@hotmail.com
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