Shelbe Rae Fritz Boy, you jumped right down the rabbit hole! Taxes are my wife's department, but basically anything you use for your business can be deducted. What specifically are you concerned about?
Richard Boatwright
Replied on The business side
Replied on Roping your colt
Replied on Roping your colt
Replied on New content suggestions for 2023
Replied on New content suggestions for 2023
Replied on Roping your colt
Replied on New content suggestions for 2023
Commented on Roping your colt
Commented on Roping your colt
Replied on The business side
Jan 21 at 06:58 AM
Great question. I currently feed my horses an equine ration from a local mill bagged alfalfa cubes, and grass hay. The feed is a mid-level ration suggested by their nutritionist. It costs me around $880 a ton (way too much!) bagged. Horse and cow feed ingredients overlap quite a bit and it doesn't surprise me that you can keep horses fat on a bovine ration. They're all made from grain by-products and typically are cheaper when purchased in bulk. I use the feed I use because of a sponsorship relationship I have with the mill.
When I managed the horse operation at Creek Plantation, I found that feeding bulk feed (not bagged) was about 20% cheaper. That equated to a $20k savings per year for the operation. The up front investment in storage and feeding equipment cost around $35k so you can see the investment was worth it. That was to feed 130 head.
It currently cost me $7.14/day to feed the horses in my barn.