Base Your Farriery Prices on Your Costs

There are differences in how every farrier approaches his or her business. Still, the most common and effective way to manage the finances of a farrier business remains knowing what it costs to shoe a horse

The differences come out in the individuality of a practice. Not everyone works with the same types of horses. Some farriers may have more trims than shoeings — maybe no shoeings at all. Your location will greatly influence what you can charge clients, as well as many of your expenses. There are several more variables that differentiate farrier income and expenses.

Like other farriers, Pat Broadus uses this evaluation. His shoeing practice is based in Shelbyville, Ky., focusing on the hoof-care needs of racehorses, Thoroughbreds on the farm and sport horses.

Broadus says it’s important to take a thorough look at a practice and be honest about what different elements affect it. This includes evaluating your cost per horse.

Farrier Takeaways

  • You must be thorough and honest with your evaluation to determine the cost per horse for your practice.
  • Comparing your costs with another practice provides little value considering the variables that differentiate each farrier’s business.

The Evaluation

The chart on the next page references the costs measured in Broadus’practice, based on a 6-year average. Pat Broadus adjusted the chart for 140 horses. Broadus does more horses than that, but he wanted an analysis that would apply to 140 horses shod all the way around, working out of one truck, as it would be…

To view the content, please register or login.
Registration is free. Use your registered user account to download eGuides, watch webinars and manage your user profile.
Jeremy mcgovern

Jeremy McGovern

Jeremy McGovern has been a journalist for nearly 20 years. He has been a member of the American Farriers Journal staff for 7 years and serves as the Executive Editor/Publisher. A native of Indiana, he also is a member of the board of directors for the American Horse Publications organization of equine media.

Top Articles

Current Issue

View More

Current Issue

View More

Must Read Free Eguides

Download these helpful knowledge building tools

View More
Top Directory Listings