Around here, most places doing “pasture board” are charging 1/2 to 1/3 of the price of being in a full-service stable with an indoor arena. Some of these are the relatively “hands-off” management style some of you have described above, but all of them include full summer pasture, replaced by hay all winter, grain as necessary to keep condition, and limited blanketing services.
For perspective: “Full Board” locally with an indoor costs anywhere from $800 to $1,500 per month, depending on the trainer and the program. I charge $500 for pasture board, which includes grazing on GREEN, not overgrazed, land with run-in shed and fly management, manure management, graining as needed, constant supervision and winter blanketing to suit. Granted, I don’t do “blanket changing” multiple times a day, but few horses need that anyway. I’ll do most things within reason that owners want–supplements, meds, separated feeding for harder keepers or low guys on the totem pole. Almost everyone does fine barefoot.
The Pros: Constant movement and all-forage feeding eliminates most COPD, colic, boredom vices and helps very measurably with fitness and minimizing the effects of arthritis, navicular, nervousness, ulcers, metabolic disorders, etc. at far lower cost to the owner. Frequently, we eliminate nearly all vet and shoeing bills as well.
The Cons: Horses may put “dings” on each other, though serious injuries are rare; minor ills like tick bites, rain-rot and hoof abscesses are more common in this setting; you won’t be clipping, and winter footing will be ice and snow so expect to give him pretty much the winter off; you are not paying for and will not have amenities like heated wash stall, bathroom, stall, aisle and arena.
As with so many things, it all depends on the area, the landscape and the people doing the managing. Expect to go and see the place, talk to other clients, get references from vets, farriers, feed dealers, etc. to gauge the place’s reputation.
But for many people in “life transitions”–college, divorce, pregnancy, job change; pasture board’s affordability can make the difference between keeping and selling your horse; and most of the horses themselves consider it an upgrade from 20 hours a day bored senseless and stiffening up in a stall!