I’ve heard that hay may significantly jump in price particularly if fuel stays this high. I’d presume that trucked in hay would see a bigger increase than locally sourced hay. If that’s true, I’m not sure how a raise in board pricing could be avoided.
I have my horses at home so I’m pretty familiar with my costs. Say if I was charging myself board and I’d raised my rates last summer to maintain my profit margin, I’d already be considering another increase due to increased costs of feed, bedding and grain since just then. The RB I use has gone up $5 since Christmas! Doesn’t sound like much, but when everything you have to buy has gone it adds up fast over the month! Since I just purchased another load of hay, in my theoretical world where I’m charging myself board, I’d be considering a smaller increase now $25 -$50 and another increase once I start buying hay this summer amount tbd by hay price.
If you (g) supply a lot of your horse’s stuff I’d guess increases might be smaller, but if you (g) are in a more comprehensive boarding package I’d say if you only see a $100 increase this year you’re doing good. There’s gonna be a ton of variables of course. I haven’t even considered the labor market in my numbers.
I’m feeling very grateful I was able to make the improvements I have in the past year that will allow me to store more hay and increase my grass production. Hopefully those will help offset some of the rising costs.