1999 HORSE BOARDING BUDGET 1
Full Service2 - 1 Horse
12 Month Boarding
                       
ITEM QUANTITY/UNIT PRICE PER AMOUNT YOUR
              UNIT     BUDGET
RECEIPTS
Boarding Fees $350 /month $4,200  
Training Fees 150 /month 1,800  
Lesson Fees 0 /month 0  
Hauling Fees 0 miles 1 /mile 0    
TOTAL REVENUE 6000  
VARIABLE COSTS
Feed
Hay 16.5 lb./day 70 /ton 211  
Mixed Feed 5.5 lb./day 0.15 /lb. 301  
Salt and Mineral 0.2 lb./day 0.12 /lb. 9    
TOTAL FEED COSTS 521  
Bedding (Straw) 3 0.75 bale/day 2.50 /bale 684
Hired Labor 4 0.5 hr/day 10.00 /hour 1825  
Utilities 60  
Supplies and Misc. 65  
Repairs 100  
Hauling Expenses 5 0 miles 0.25 /mile 0  
Fuel, Oil , Repairs for Tractor/Manure Spreader 12    
TOTAL VARIABLE COSTS 3267  
FIXED COSTS
Labor Charge 6 1.5 hr/week 10.00 /hr 780  
Buildings and Fence 7 $80,000 17% 680  
Manure Storage Facility 8 $13,000 17% 111  
Equipment 9 $50,000 20% 500  
Insurance 10 $1,000 50  
Management Charge 11 5% of gross 300    
TOTAL FIXED COSTS 2421  
TOTAL COSTS 5688  
RETURN ABOVE VARIABLE COSTS 2733  
RETURN ABOVE TOTAL COSTS 312  
                       
Interactive budgets available on-line at:  http://www-aede.osu.edu/faculty/rmoore/index.htm
1 Horse boarding enterprises vary greatly in services and facilities offered.  This budget is intended
to be a template to input your own production data for your specific operation.  Budget based
 on a 20 horse boarding operation with revenue and costs estimated on a per horse basis.  In this scenario
occupancy is assumed to be 100%,  however, boarding operations often have less than 100% occupancy.
2 Farrier and vet/health costs assumed by horse owner
3 Shavings bedding will cost approximately twice as much as straw bedding.
4 Hired labor includes benefits and bonuses for hourly and seasonal labor.
5 Includes fuel and repair costs for truck and trailer.
6 Labor charge for operator or family labor.  Variable labor tends to account for hourly labor with varying hours.
Fixed labor costs tend to account for salaried, operator, or family labor.
7 Buildings and fence expensed at 17% which accounts for depreciation, interest, repairs, taxes, and insurance
Buildings and fence assumed to be for 20 horses.
Example = $80,000 x 17% / 20 horses = $680 building and fence cost per year per horse.
Buildings costs should be expensed over number of horses actually boarded, not number of stalls available.
8 Manure facility is assumed to be a 40'x40' structure with a 3-4 month storage capacity.  If manure must be
hauled or applied by custom hire, that cost should be added to the variable costs section of the budget.
Manure facility expensed in same manner as buildings and fence.
9 Equipment includes tractor, manure spreader, pick-up truck, and trailer.
Equipment expensed at 20% which accounts for depreciation, interest, repairs, taxes, and insurance.
Equipment assumed to be for 20 horses.
Example = $50,000 x 20% / 20 horses = $500 equipment cost per year per horse.
Equipment costs should be expensed over number of horses actually boarded, not number of stalls available.
10 Insurance is for liability and care, custody and control of non-owned horses.  Insurance costs can vary greatly
depending on type of operation and facilities.
Total cost is estimated to be $1000/year.  Cost is divided over 20 horses.  $1000/20 horses = $50/horse.
11 Management charge is 5% of gross receipts.  It is an opportunity costs for management skills and abilities.
                         
Budgets Developed and Reviewed by:
State Extension Personnel District Farm Management Specialists
Marvin Batte Donald Breece - Southwest
Bernard Erven Robert Fleming - Northwest
Warren Lee David Mangione - South
Allan Lines David Miller - East
Robert Moore * Jim Polson - Northeast
Brian Roe
* Responsible for coordination, development, and publication
Production Data Developed in Consultation with:
Dr. Robert Kline - Extension Horse Specialist
Dr. Shea Porr - Equine Extension Associate
Questions or comments regarding budget should be directed to Robert Moore
Phone: 614-688-3959    e-mail: moore.301@osu.edu