Author Topic: $50,000 per year just to cover bills?  (Read 10443 times)

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wizardofoz

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Re: $50,000 per year just to cover bills?
« Reply #15 on: August 27, 2023, 04:57:22 PM »
It’s about 14 k a yr to race a horse

Nothin big
$14,000 a year for what?

Par Four

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Re: $50,000 per year just to cover bills?
« Reply #16 on: August 27, 2023, 05:14:43 PM »
$14,000 a year for what?
It costs more than that up here in Maritime Canada

Generation XYZ

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Re: $50,000 per year just to cover bills?
« Reply #17 on: August 27, 2023, 05:16:01 PM »
$14,000 a year for what?

If he thinks it costs 14K per year he's losing money regardless of interpretation.
« Last Edit: August 27, 2023, 05:18:27 PM by Generation XYZ »
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Fuguzzi

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Re: $50,000 per year just to cover bills?
« Reply #18 on: August 27, 2023, 05:19:37 PM »
Maybe in argentina where they race those orangutan looking horses on grass   I rarely pay attention to Lucpark anymore.

Stan durbread

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Re: $50,000 per year just to cover bills?
« Reply #19 on: August 27, 2023, 05:24:24 PM »
How much time during the day does a trainer ACTUALLY spend with ONE horse in a morning, 1 hour tops, then back into the stall or turn out in the field?
1 hour is about the average. So they make around 15 an hour + 5% of the purse. In the 80-90s trainer we’re getting $50 a day and billing out all the expenses including feed and groom

wizardofoz

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Re: $50,000 per year just to cover bills?
« Reply #20 on: August 27, 2023, 05:44:55 PM »
Trainers are not getting rich at $65 a day. In Jersey
Hay 3.50
Grain 6.00
Bedding 6.00 a day
Competent groom is $150 a week per horse or $20 a day. Then add in all the cost of barn supplies and equipment. You make on average about $15 a day per horse. As far as a trainer paddocking and charging for I would you work an extra 4-5 hours in a day for free?  As far as shipping most trainers lose a little money if only 1 horse on.
Stan, the trainers ADD on supplies and equipment charges monthly, in addition to the daily rate.

LUCPARK

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Re: $50,000 per year just to cover bills?
« Reply #21 on: August 27, 2023, 05:53:44 PM »
Maybe in argentina where they race those orangutan looking horses on grass   I rarely pay attention to Lucpark anymore.

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Hypocrisy

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Re: $50,000 per year just to cover bills?
« Reply #22 on: August 27, 2023, 06:00:39 PM »
Just a little knowledge on the costs of training and maintaining a race horse, cost of a bale of hay going rate is 8 to 10 dollars a bale, your horse will eat at least half a bale a day, cost of grain 25 dollars a bag, if you are a legit trainer your horse will eat breakfast lunch and dinner as well as get supplements in their feed. Your groom is going to get 150 a week to turnout the horse in the am, clean its stall, fresh water get it ready for the trainer bathe and them come back and brush wrap feed him, feed lunch etc all under the supervision of the trainer. Shipping is not only gas but massive tolls as well. If you have a baby even more time goes into them especially the breaking phase. Then you need to count your stall rent and shavings at around 550 per month, wormers, shoes etc. You're looking at 1500 a month just for the basics of feeding and cleaning and caring for your horse. That's not counting shipping, gas, tolls and wear and tear on your vehicle, because when that breaks down its the trainers responsibility to replace. Paddocking a horse is at least an extra 8 hours of your day, between getting there, waiting for lasix and getting home at 1 in the morning to be back at the farm at 6 in the am. So the measly 100 paddock some getting 75 dollars isn't much for an extra 8 hours of work I'd say.

Fuguzzi

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Re: $50,000 per year just to cover bills?
« Reply #23 on: August 27, 2023, 06:09:54 PM »
Just a little knowledge on the costs of training and maintaining a race horse, cost of a bale of hay going rate is 8 to 10 dollars a bale, your horse will eat at least half a bale a day, cost of grain 25 dollars a bag, if you are a legit trainer your horse will eat breakfast lunch and dinner as well as get supplements in their feed. Your groom is going to get 150 a week to turnout the horse in the am, clean its stall, fresh water get it ready for the trainer bathe and them come back and brush wrap feed him, feed lunch etc all under the supervision of the trainer. Shipping is not only gas but massive tolls as well. If you have a baby even more time goes into them especially the breaking phase. Then you need to count your stall rent and shavings at around 550 per month, wormers, shoes etc. You're looking at 1500 a month just for the basics of feeding and cleaning and caring for your horse. That's not counting shipping, gas, tolls and wear and tear on your vehicle, because when that breaks down its the trainers responsibility to replace. Paddocking a horse is at least an extra 8 hours of your day, between getting there, waiting for lasix and getting home at 1 in the morning to be back at the farm at 6 in the am. So the measly 100 paddock some getting 75 dollars isn't much for an extra 8 hours of work I'd say.
Agree with all except the half a bale per day per horse of hay  TOOOOO much. 4 flakes tops and never give alfalfa cubes.

Fuguzzi

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Re: $50,000 per year just to cover bills?
« Reply #24 on: August 27, 2023, 06:13:11 PM »
Stan, the trainers ADD on supplies and equipment charges monthly, in addition to the daily rate.
3.50 for a bale of hay. For a racehorse. No way Unless it is worse than garbage  That's impossible.  NY prices whether by bale or ton. You are looking at 12.50 per bale minimum for a decent Timothy mix 2nd cut.. Hell first cut and orchard hay is going for 9 to 11

JIDGE

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Re: $50,000 per year just to cover bills?
« Reply #25 on: August 27, 2023, 08:48:33 PM »
I just got a quote $ 4,000 a month all-inclusive -- meaning vet/shoes/shipping/stall rent/feed/etc. etc. for an overnight horse. No additional charges. One bill a month. My question is how much of that all-inclusive           $ 4,000 trainer's fee is going towards needed vet work?  I'd rather pay a vet out of my own pocket to make sure the horse is getting the necessary work done.
« Last Edit: August 27, 2023, 08:52:16 PM by JIDGE »

JL52

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Re: $50,000 per year just to cover bills?
« Reply #26 on: August 27, 2023, 08:54:13 PM »
Jidge, what area of the country was that quote for? And you are correct about paying the vet yourself. Thanks.

JIDGE

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Re: $50,000 per year just to cover bills?
« Reply #27 on: August 27, 2023, 09:48:48 PM »
Jidge, what area of the country was that quote for? And you are correct about paying the vet yourself. Thanks.

Eastern PA off a training center. To race Harrahs/Meadowlands/Yonkers/Pocono. Yeah -- I definitely want to make sure the horse is getting the necessary vet work and not relying on the trainer to pay out of their pocket.

Brown jug

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Re: $50,000 per year just to cover bills?
« Reply #28 on: August 27, 2023, 10:25:08 PM »
good info
thanks to all

Open bridle

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Re: $50,000 per year just to cover bills?
« Reply #29 on: August 28, 2023, 05:38:11 AM »
In Ohio the percent of horses with breakeven winnings is getting smaller every year. Chances of owning a profitable horse and hitting the lottery to me is about the same. Too much competition even at the fair level from breeders flooding the market with yearlings. Only the breeders are enjoying the profits from these high yearling prices. But I think that's about to change with less buyers and less money to spend. Higher interest rates and inflation will take it's toll on this industry. Only the big stables with deep pockets owners will keep the bidding going. I wouldn't be surprised if yearling prices are down this year. I think fractional ownership is peaking also. You can have only so much fun losing your money regardless what they say.
« Last Edit: August 28, 2023, 05:46:01 AM by Open bridle »

 

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