Do you think the credit crunch / recession will effect the horse world

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mickey17

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I know this is a bit of a strange question but been thinking about it alot recently and just wondered what everyone else thinks?? How much do you think horse prices etc will be effected with rising inflation, credit crunch and the recission which is surely going to hit hard?? Wonder if things had slowed down for dealers ?? Horse food tack etc rising, desiel for travelling etc??
 
If the credit crunch turns into a very bad scenario then it will affect the horse world, as every other part of commercial life.
I guess livery yards will put up prices, dealers may well want to pass on horses ASAP to get rid of overheads - But probably with less people wanting to buy.
Also, people may well have less disposable income for tack shops etc. Worrying all round.
Also, at present the cost of corn/food is very high.
The competition world will carry on though.
 
I was just saying in the post below- that a lot of people have struggled this winter in terms of money because prices for everything has gone up- hay/straw/feed and one of the local livery places upped their livery by £3 per week for DIY to £30 per week which when you add everything together including increasing insurance makes having a horse very difficult- no wonder they are still not selling so well.
 
Yes.

Horses are a luxury, the first thing that people will try to get rid of during a recession is a luxury.

Livery/feed costs will go up, and I can see a lot of horses coming on to the market as owners who are struggling financially try to get rid; not going to be many people buying though.
 
I was thinking about un wanted horses to, be over load for sanctuarys. Well lets hope it doesnt happen but i think no one can deny a slow down, i work in banking and have seen trends appearing. Alot of rumours are scare mungering but people are reining in on spending
 
Funny you should say that but 2 dealers at least within 1 mile of each other in our area have given up the dealing and closing that side down. I thought it might have had something to do with that dealer in court as it all happened very quickly when that was all going off. I suppose it could have been less people buying due to recession. And yes I do think now with higher prices due to loss of crops in this country recently that more horses will come on to the market and prices will drop eventually.
 
Yes I think it will have an effect. Feed prices are already much higher, and I for one have already told my daughter that with the price of diesel we will have to give thought as to how far we travel to shows. I don't earn enough to spend £50 on diesel for one show. It won't make me consider selling the horses though.
 
Maybe.....looking at worst scenarios, total collapse of the economy, come the revolution etc etc....people will start looking at horsepower as an alternative form of transport.

There'll be hitching rails outside Tesco, and cart-parking rage at Sainsburys.

Yeah, OK, sorry, I'll get my coat......
 
When mortgage rates went over 15% in the late 80's, a lot of people had to seriously cut back on horse expenditure.

However, a lot of people may decide not to have new cars or holidays instead, and cut down on other things to cover increasing costs of rates, electricity, water etc.
 
Its inflation that seems totally out of line with what the governemt say! How much for fuel!!! Hay at over £4 a bale in some areas! my livery is cheap enough its getting there ! knock on costs for farriers vets etc
 
I like the hitching posts at tescos bit, maybe people would feel sorry for my horse and chuck him the odd apple and carrot!
 
Yes, because for most people horses are a luxury.

For me I'm already cutting down on the competitions I do because my fuel costs me £50 a week not including taking the horse out.

So I think that the first thing to get hit will be the amount of disposable income people have to pay for training and competing, followed by buying all the supplements and extra bits of kit....then if they still can't afford it they'll give up and sell up. Think this will drastically reduce the average price of a horse due to the market being flooded.

Hope that doesn't happen : (
 
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