Managing a Horse Ranch: What You Need to Know Post Preview
December 11, 2019
Ideally you will have spent a considerable amount of time on a horse ranch before you even consider managing one yourself. Horse ranches require constant hard work, and unless you’ve seen it firsthand you may not be prepared to take on such a large responsibility. Although there are hundreds of things you should know about the business before going out on your own, here are some of the most important components of ranch management that you should be aware of.
If you’re not good with record keeping yourself, you’ll need to make
sure to hire someone who is. Maintaining accurate records is one of the
most important components of running a ranch. You’ll need to keep
records of every single animal and all of their medical treatment, all
business-related purchases, equipment repairs and facility maintenance.
You need to ensure that you have appropriate insurance coverage for
the entire ranch – facilities, animals and any staff you may employ. Horse insurance costs
alone can be a bit of a shock if you’re new to the business. Horses are
large and gentle creatures, but they’re also notorious for having large
medical expenses and are also prone to accidents. Make sure to get
several different quotes before selecting your policy and pay special
attention to out of pocket costs.
Ranches, in general, require extensive ongoing maintenance as well as deferred maintenance,
and you should be prepared for this. Fences will need to be checked and
mended on a near-daily basis. Barns will need to be weatherized.
Stables will need to be refinished. Grounds will need to be tilled.
You should also be prepared for ongoing animal care. In addition to
large medical costs, for things like surgeries, animals also require
regular maintenance, cleaning, grooming and medication. Don’t be
surprised if you find yourself having to wake up in the middle of the
night several times a week to check on an animal’s condition.
Yes, managing a ranch is a lot of work, but most people say it’s worth it.