Know Your Tool, Supply Costs Per Horse
The typical full-time farrier purchases $18,644 in farrier supplies and tools per year. This works out to an average supply and tool cost of $10.95 for each of the 1,702 horses he or she worked on during the year.
Part-time farriers average $10,695 in annual tool and supply purchases per year. This works out to an average of $16.50 for each of the 648 horses they work with during the year.
— 2018 American Farriers Journal Farrier Benchmark Study
What’s the Most Popular Software Task in Farrier Practices?
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— 2015 American Farriers Journal reader poll
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.