We've likely all had this conversation either with ourselves, parents or a significant other. How do I justify the cost of a horse? To justify the cost of a horse, here at Equine Info Exchange we emphasize the significant intangible benefits—like improved mental and physical health and community connection—rather than framing it as a financial investment. A financial-only justification is difficult because most recreational horses are not good investments and can be more expensive than anticipated. Yes, horses are very costly!
Instead, focus on the multifaceted returns of horse ownership, which go far beyond money.
Justifications based on personal and family well-being
- Boosts mental and emotional health: Interacting with and caring for a horse can reduce stress, lower blood pressure, and elevate mood. For many, the daily routine of barn chores offers a grounding, mindful experience that provides peace away from everyday obligations.
- Encourages an active lifestyle: Horse ownership inherently involves physical activity, from mucking stalls and grooming to riding and training. The physical demands of riding build core strength, balance, and coordination.
- Teaches responsibility and discipline: The daily care a horse requires instills discipline, patience, and problem-solving skills. This is especially beneficial for younger riders, who learn accountability through feeding, grooming, and health checks.
- Provides a path to social connections: The equestrian community is often tight-knit and welcoming. You can build friendships with fellow riders through local clubs, competitions, or simply by socializing at the barn.
- Fosters a deeper connection to nature: Owning a horse encourages more time outdoors, whether you're trail riding or simply working in the pasture. This offers fresh air and scenic views, and it promotes a healthier lifestyle.
Justifications based on potential financial offsets
While a horse is rarely a profitable financial investment, there are some ways to offset the costs:
- Offset expenses with property benefits: If you have suitable land, owning horse-friendly real estate can have hidden financial perks. In some areas, equestrian properties qualify for agricultural tax breaks.
- Generate income through services: For those with extra facilities, boarding other people's horses is a common way to generate income to help cover feed, maintenance, and property taxes. You can also offer training services, riding lessons, or leasing arrangements.
- In rare cases, a business investment: For those in the professional equestrian industry, such as high-level trainers, racers, or breeders, horses can be part of a larger business model. However, this path involves significant risk and is not a justification for the average owner.
The practical approach to making your case
- Do your homework and present a detailed budget: The most effective way to justify a horse is to show that you are fully prepared for the costs, both routine and unexpected. Research local boarding fees, feed costs, farrier services, and veterinary care to present a realistic, comprehensive budget.
- Plan for emergencies: Acknowledge that owning a horse includes unexpected expenses like medical emergencies. Demonstrate your readiness by budgeting for equine insurance or establishing a dedicated emergency fund.
- Explain the non-monetary benefits: Clearly articulate the specific personal and family benefits you will gain. For example, frame it as a way to reduce stress, get more exercise, or teach your children responsibility.
- Consider leasing first: If you're addressing a budget-conscious partner, suggest a horse lease as a first step. This provides much of the horse ownership experience for a fraction of the cost and commitment.
We hope this helps when thinking about purchasing a horse!
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