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And I suspect there's not the value of the ego derived from endurance riding
as compared to the ego derived from being able to claim one's filly, colt,
mare, stallion, whatever has won some national championship of park horse
class or.............
THAT'S what seems to claim the high prices.

Barbara

----- Original Message ----- 
From: "Lif Strand" <lif@xxxxxxxxxxxxxxxx>
To: "Nancy Sturm" <nsturm@xxxxxxxxxxxxx>; "Ridecamp"
<ridecamp@xxxxxxxxxxxxx>
Sent: Monday, July 19, 2004 8:58 AM
Subject: Re: [RC] Buying/Seling


> At 07:39 AM 7/19/2004, Nancy Sturm wrote:
> > Bob Rosser, an old cowboy who had ridden as a hand  on some of the really
> > big ranches in the west, including the King Ranch, once told me that when
I
> > compute the investment I have in a horse, I can't count "the cost of
> > operation" - feed, farrier, vet, board.  He considered those things just
> > part of the cost of using a horse.
> But cost of operation is part of what determines the selling price of
> anything.  We don't pay the cost of materials only when we buy toilet
paper
> - all the utilities of the plant, the labor, the associated costs, are
> always factored in to the sales price.  But of course that brings up the
> difference between people who are "in the business" and those who are
> selling horses who are not.  The IRS will expect to see those feed,
> farrier, vet and board bills itemized if you are "in the business", and
> they will not figure you are in the business to make a profit if you
don't.
> I guess what's being said here on RideCamp is that the sport of endurance
> (and competitive riding too) just can't support those who would breed just
> for those uses.  I know it's not that simple - buyers alone don't control
> prices.  The whole banana includes that there's not enough financial
reward
> available to justify large expenditures on horses, there's not enough
> people involved to generate revenues, etc. etc.
>
> ________________________________
>     Lif Strand      fasterhorses.com
>             Quemado NM USA

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