Each Friday morning, we will be sharing several facts and figures that will be helpful in seeing how you measure up business-wise with other farriers. This edition of Friday's Farrier Facts & Figures is sponsored by Markel Insurance Co. To read more from this series, click here.
Dealing With Unruly Horses
Some 168 farriers who responded to a recent American Farriers Journal email survey indicated they had worked with an average of 10 unruly horses during a recent 3-month period. Unruly horses were defined as horses that didn’t stand well for trimming and shoeing due to injuries or behavioral issues.
Only 5% of the farriers answering this survey didn’t work with any horses having behavior issues during the last 3 months.
— 2017 American Farriers Journal email survey
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 other types of self-employed plan. Another 16% have other types of formal retirement plans while 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