PR - FACTORS INFLUENCING THE ECONOMY OF HORSE BREEDING AND HORSE HUSBANDRY
In this article, the costs of the chain horse breeding and horse rearing with subsequent riding horse training are analyzed in addition to the sale revenues on horse auctions. In particular, it is highlighted to which extend the individual revenue and cost components can fluctuate. Furthermore, it is estimated which of these positions decisively influence the profitability of horse breeding using stochastic simulations. Essentially the horse breeder is faced with a trade-off between more likely but not excessive losses most years against fewer or even remote chances of a high or even a very high sale price and profit. The enterprise is very similar to a gamble or playing the lottery. As expected, the selling price of the trained horse is the decisive factor for the economic success of horse breeding and horse husbandry, changes in individual cost positions have a significantly lower effect on the profit.