[QUOTE=Jarpur;8429655]
Not to compare our small, personal operation with large, commercial establishment, but to give an idea of what we did: I crunched the numbers before we bought our place or put in our major horse-related improvements (fencing, arena, barn). Without allowing for any increase in our property value, the break-even on what we spent was about 7.5 years of dry stall costs (at that time).[/QUOTE]
I did something similar. I also keep a spreadsheet with one tab for monthly costs (hay, feed, bedding, deworming, fly control, pasture maintenance, tractor expenses, labor, etc) and one tab for start-up costs (barn, driveway, fencing, arena, grading, etc). I don’t include costs I would have been paying had I been boarding, like vet and shoeing costs. I can divide the total start-up costs by the difference between local boarding rates and my average monthly per-horse cost, and figure out how many years it will take for the start-up costs to be paid off. Right now the figure is about 10 years. It would be lower but I chose to make some not-strictly-necessary improvements that I think are worthwhile for riding or management reasons (mirrors in arena, stonedust around gates to reduce mud, grazing boxes to slow consumption and reduce waste, etc). I’m 30 so I hopefully have a lot of horse-keeping years ahead of me for the investments to pay off.
And like others have said, there are many joys without a dollar value: seeing my horses frolicking in my own backyard, caring for them as I prefer, not dealing with barn drama, etc.