Monday, June 23, 2008

The adjustment cometh..........

I have mentioned before that I feel that horse prices here in Alaska are artifically high. Mostly this is a false threshold that is established by the expectations of the sellers. If the majority of the sellers have the idea that their horse is worth "x" amount of money, then that becomes the entry level for that caliber of horse.

For many years, this has been roughly around $1500, and anything with saddle time (loosely described as training) being "worth" at least a thousand more. Show experience, points, additional training, sought after performance pedigree, etc, would add quite a bit to the horses' relative value-and still does today. A well trained and accomplished horse is always going to be at a premium because people do recognize the investment in time and training that takes. Marketable horses even in poor economic conditions are always well trained.

Which leaves the large number of "green" horses to change hands. When I see "well started" and "green broke" horses on the market for month after month, I have to wonder about the expectations of the sellers. I learned the hard way some years ago, that some horses have no "value" whatever in the Alaska marketplace. In this category I would put seniors with special needs, foals and weanlings of marginal ancestry, or any part bred that is unstarted.

Just above that, is the green broke or barely started horse, or any with serious behavioral issues. This is true across the US as I have picked up from sales websites, traders, dealers, rescuers, and trainers. When OTTBs go to the kill buyers for $25 to $50 each, and the same for 100s of paint, quartherhorse, TWH, Arab, (any breed, age, or mix, actually) in the L48, a person has to wonder why they become magically worth more money here in Alaska, where the care and feeding of such horses-and training too, for that matter-is easily twice the cost of elsewhere.

And when veterinarians, farriers and our rescue group have lists of people looking to give away horses (or nearly so), one has to wonder about the future of horses here......After horses are on the market for months, the seller starts to get desperate and starts dropping the price-which will raise questions in any prospective buyers' mind of course. I surely don't envy anyone attempting to sell or rehome a horse this summer and fall-it's going to be fairly tough to place any horse unless and until, asking prices are adjusted to reflect the true market. Which is, of course, "what the market will bear".

And we aren't there yet, sad to say :(

My point is, if you are reading this with a horse you would like to sell-get out there and start working with it. The better manners, the more training it has, the better chance your horse has at a good home. If it's beyond your ability to do that, invest in your horses future by hiring a professional! There are a number of qualified individuals up here who can start and/or finish a horse, call one and get started :)


The1CowgirlsEnvy said...

Very well said Su. I too have noticed that a lot of people are really "pushing" to get rid of their horses. I just got a call a couple of days ago about training, they don't have the money, but they have a 5 year old halter broke gelding (thank got for the gelding) that they would be more then "willing" (read between the lines LOVE to get rid of) to give me in exchange for training their other 4 year old unbroke horse.

I've already got 5, very nice horses (or at least I like to think so) and so I don't need another one.

I also have an add on CL trying to get rid of a bunch of my horse stuff that I have collected over the years, but honestly don't need. I got an e-mail from somebody (a different person) asking if they could trade me their green broke 4 year old for all my horse stuff...the horse actually sounds nice, but as I said before, I already have 5 and can't afford/need another one!

Repeat after me...I do not need another horse...I do not need another horse

The1CowgirlsEnvy said...

Ugh, I meant to write ad not add.

suvalley said...

Thanks for the response-I get plenty of readers here, but hardly anyone talks, lol

Just earlier today, I saw the huge range in prices on Craigslist. There was Melinda Briggs selling an unregistered "trained" three year old with a filly at her side (Who in *hell* breeds a TWO YEAR OLD?!) for $3500, credit cards accepted.

Then after that, I stumbled across someone offering a young gelding, barely started, comes WITH barn, fencing, etc, for $2500.

Which do you think will get the calls, eh?

Wish you were out here, I got a couple horses that need saddle time at my place too, haha

The1CowgirlsEnvy said...

I'd love to just pop on over, but with the price of gas I'd sadly have to charge you more then what I think I'm worth just to break even!

Original L said...

You won an award! Please stop by to pick it up.