I have temporarily closed my barn to outside boarders due to needing to do some facility upgrades that are just easier with fewer horses, but I’m considering not reopening.
When I bought this place in 2021, I had to raise the board from $325 to $575. The former owner was only able to stay afloat at $325 by doing a number of what I would call barely adequate practices (including feeding 2 flakes of terrible grass hay, twice a day, making no repairs to things like mechanical equipment, paying staff sub-adequately, stalls were literally black with wetness, roof leaked etc.) I wanted the best care for my horses, which included 24/7 hay, quality feed, a dragged arena, maintained footing etc. so I raised the board to meet those needs. We lost some people but that was to be expected.
Then hay prices went up a third, feed prices went up by $5/bag, property taxes went up hugely, fuel went up by $2/gallon, and labor costs increased to keep good help. I cut back on the number of horses so that I could do more of the work despite a full time job. Ran the numbers and discovered I was still subsidizing boarders significantly. Cut back on boarders further, and found a place where at least I wasn’t losing money (I was not profiting either).
Keep in mind, you can only run at a loss for so many years before the IRS has a fit.
I don’t have an indoor yet (still fighting with the county over whether we can eventually or not). My facility looks shabby but safe. We’re upgrading things as we can put oursevles in more debt to do so.
To actually run at a profit I’d have to charge over $800-1000/mo. To profit enough to make a living with the amount of work required I’d have to charge $1200/mo per horse.
Currently a lot of the other barns in the area are charging less (and running the same way my old barn was). I have seen 5 close in the last two years.
When I was running the facility actively I was on 24/7. My advice was constantly sought from veterinary care to training to emotional support. I loved it - I love helping people and horses, but to do it unpaid is a pretty high expectation. I still get calls asking for help and advice from former boarders. Boarders want educated, experienced, horsemen but they aren’t necessarily willing to pay for it.
One of the people who left because we cost too much just had a foal die because she didn’t vaccinate it for tetanus. Another’s horse has lost significant condition and they are now paying way more than it cost at my place to feed and keep this horse. Oops.
The industry is overdue for an adjustment. Our whole economy is overdue for an adjustment. I fear for the average “middle-class” horse. I fear for our special needs and retired horses. I know it hurts individual horse owners - heck, I just had to price compare on supplements for my hard keeping cribbing old retiree with chronic conditions and I keep looking at whether it’s time - he’s still ok, but in the back of my mind, financial considerations exist and I hate that it’s a factor.
Anyway - it’s hard for everyone - I do feel badly for horse owners because so much of it seems like a surprise to you. We’ve been doing a good job in the industry of hiding the reality because so many people find the barn their sanctuary - but I think we’ve done it a disservice.