Horses are such amazing animals and keeping them is a great hobby. But if you’ve got the space, it could also be a good source of income.
Breeding horses and selling them is a great business to start as long as you have the space for them. If you’re living on a homestead with plenty of open space for horses, you should seriously consider breeding them.
However, horse breeding isn’t as easy as you might think. Just because you love looking after horses and riding them, that doesn’t necessarily mean that you’ll be a good breeder. There are a lot of other things you need to think about. If you think that horse breeding might be for you, here are a few important tips.
Could You Breed Horses On Your Homestead?
Hire Good Help
Looking after one or two horses on your own is fine, but when you start breeding, you’ll have a lot of work on your hands. It’s important that the animals come first and you cater for their needs properly. You may not be able to do that if you’re trying to handle it all on your own.
That’s why you should consider hiring some people to help you out. It’s important that you hire people that are as passionate as you are and make sure that they care about the animals as much as you.
You need to make sure that your horses have a good quality of life while they’re living on your farm. And the only way to do that is to hire enthusiastic people. If you want the best people, you need to pay a competitive salary to them as well.
Seek Legal Help
You might not think that you’ll need a lawyer to help out when you’re breeding and selling horses. But there are actually a lot of legal hurdles that you’ll have to deal with and equine law can be more complicated than you realize.
When you’re selling the horses, you’ll need to draw up contracts and purchase and sale agreements. You will also need to register yourself as a licensed breeder and deal with tax affairs. A good lawyer can help you to do all of this so you don’t make any costly legal mistakes along the way. It’s an extra cost but it will make things so much easier for you.
Find The Right Vet
Finding the right vet is absolutely key because you need to know that your horses are in good hands if something happens to them. When you’re trying to find a vet, make sure that you look for ones that specialize in horses.
You should also consider doing a background check and reading reviews to make sure that you find one that is an expert in their field. Speaking to other horse owners in the area and getting a recommendation is also a good way of finding the right vet.
Breeding horses is very rewarding and it’s a good way to earn a bit of extra money from your homestead, just make sure that you’ve considered these things first.