Footcare Product Sales Are A Good Source Of Extra Income

Among full-time farriers who sell hoof-care products to clients, sales average $3,077 per year, and make up 3% of their annual gross income.

— 2016 American Farriers Journal Farrier Benchmark Study

How Farriers Fund Their Retirement Years

Some 49% of full-time farriers are funding their retirement years with Individual Retirement Account plans while 30% have invested in some other type of self-employed plan. Another 16% have other types of formal retirement plans and 7% are relying on pension plans for retirement dollars.

Unfortunately, 17% of full-time farriers have no retirement investment plans.

— 2016 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.