How Did Your Farrier Business Income Change from 2017 to 2018?
Some 65% of farriers indicated their yearly gross farrier income increased from 2017 to 2018. Another 29% indicated their income remained the same while only 6% saw a decrease in income.
— Survey of attendees at 2019 International Hoof-Care Summit
Glue-On Shoes are Much More Expensive
Full-time farriers charge an average of $326.19 for trimming and gluing on four shoes. This compares with an average charge of $153.44 for trimming and applying four steel keg shoes and $192.53 for trimming and applying four aluminum keg shoes.
— 2018 American Farriers Journal Farrier Benchmark Study
Friday's Farrier Facts & Figures is brought to you by Markel Insurance.
Markel Corporation (NYSE – MKL) is a holding company for insurance, reinsurance, and investment operations around the world. Headquartered in Richmond, Virginia and founded in 1930, Markel reports its ongoing underwriting operations in three segments, and products originate from four insurance divisions and one reinsurance division. Markel Ventures, a subsidiary that makes strategic investments in companies outside of the insurance marketplace, is another important component of our business.
In each of our businesses, we seek to deliver innovative products and responsive customer service so that we can be a market leader. Our time horizon is long-term, our underwriting approach is disciplined, and our focus is on continuously improving the quality of the customer experience. Our financial goals are to earn consistent underwriting and operating profits and to combine those profits with superior investment returns to build shareholder value.