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 farrier may have more trims than shoeings — maybe no shoeings at all. There are many variables that differentiate the work farriers do.
Like other farriers, Pat Broadus uses this evaluation. Along with his brother Chris, he operates Broadus Brothers Horseshoeing at Shelbyville, Ky. These sons of farrier Sonny Broadus focus on the hoof-care needs of Thoroughbred 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.
The chart on the next page references the costs measured in the brothers’ practice, based on a 6-year average. Pat Broadus adjusted the…