April 19, 2009 @ 5:06 pm
Impact of the Credit Crunch
The credit crunch continues and the knock-on impact on the horse world is increasingly evident.
The Horse Trust in Britain is reporting a five-fold increase in enquiries in the last 6 months from horse owners who are in financial difficulty and asking the charity to help with re-homing. However the charity is receiving reduced donations and have a full allocation of 100+ ponies, horses and donkeys. The daily cost per animal is approx 17 pounds. I’m sure this trend is being seen world-wide.
At the same time, animal welfare groups are urging horse-owners to think about the costs for your horse during retirement. The campaign organisers are requesting that horse owners in England and Wales complete an anonymous Equine Retirement Questionnaire in an attempt to find out the scale of the problem. This is a very good idea and I can understand why it is being discussed at this time. However with many people worrying about their families and current investments, it’s hard to see many being able to start a horse pension.
In the US for thoroughbred racing, both betting and purses were all significantly down in February and this follows a year on year trend.
Filed under Cost Of Horses, Equine Health and Care, Horse Breeds Permalink
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