This charge is typically 5% of the buying price. Owners of good (stakes-winning) colts sometimes grant the trainer a lifelong breeding privilege. This is essentially a free breeding for the mare of their choosing each year, and this privilege may be resold during years when the trainer does not have a mare of their own to breed. Breeding fees range from $10,000 to $100,000 or more.
The fee is based on the value of the colt. It is common for the fee to be split between the seller and the buyer. For example, if the colt is sold for $20,000 then the breeder's share would be $1,000. The fee is usually added to the purchase contract but can also be included in the sales agreement. If the colt sells for less than expected then the breeder makes money; if it sells for more they don't make any extra money.
There are times when the fee is waived by the owner. This generally occurs when the owner has several horses to sell and cannot afford to pay the fee. Sometimes the owner will provide food for the breeder's horse or transport to and from the sale ring as well.
It is also possible that the owner might give the colt away as a gift. This is done mostly with young racehorses before they go into training but it can also be done with older horses that aren't ready for racing yet.
Horses are expensive to maintain. Your horse, pony, donkey, or mule's initial purchase price is only a small portion of its ultimate cost, and there is no such thing as a free horse. Basic horse care may be the same whether the horse is $100 or $10,000. However, depending on the type of animal and its level of activity, its maintenance costs can vary greatly. A highly trained show horse that requires extensive work to keep it in good shape will cost much more to maintain than an equine that has only light work required of it.
The average cost of ownership for a horse is about 7% of its annual income. If the horse is being used for pleasure and not competitive events, its maintenance costs should be less than if it were a racehorse or show mount. Even though they are expensive to buy, horses tend to be cheaper to own as they get older because they don't need much in the way of medical attention.
There are several factors that go into determining how much your horse will cost you to own. They include:
Type of animal: Horses are the most expensive type of animal to own; ponies are next at about half the price of a horse. Donkeys and mules are less expensive but still relatively costly compared with other pets.
Breed: Some breeds are more expensive to keep than others.
Service costs can range from a few hundred dollars for a local male animal of unknown lineage to hundreds of thousands of dollars for the opportunity to breed a champion Thoroughbred racing horse like Storm Cat, who has received stud fees of up to $500,000. Less expensive services are available for other species, such as goats and sheep.
The typical fee for goat breeding by a local farmer is $10-20 per head. This amount may increase if the breeder wishes to select specific sires or does to improve the quality of their offspring. Fees can also vary depending on the number of offspring produced. For example, farmers who wish to maximize their profit might charge more per head if they expect many offspring.
Horse owners can be very selective about the stallions they use for breeding, because the progeny will share many of the traits that make their animals attractive to racegoers - intelligence, courage, stamina, and beauty. Thus, there is a high demand for these individuals. Although racehorse owners may not pay much attention to the service status of the stallion they choose, it can have an impact on the amount they are willing to spend. For example, the fee for breeding the highly prized War Prince by Northern Dancer would likely be higher than that for an alternative son of Northern Dancer - the unproven but promising Rock Sand.
True, your new horse may only cost you a minimal adoption fee—typically between $200 and $600 for a rehabbed horse, while a specialist breed with training may cost you up to $2,000 or more. (In addition, some rescues waive adoption costs in exceptional situations.) But even if you were to pay full price for your horse, he'd still need care and maintenance for the rest of his life.
The cost of horses varies greatly depending on the type of horse you want. Don't be surprised if you spend more money to get something that's truly special instead of going with something cheaper that doesn't matter as much to you. Consider what qualities are most important to you before you buy so that you can choose a horse that's right for your lifestyle and your budget.
Don't be afraid to haggle. If you find a good deal on a horse, it's worth checking out. Some rescue organizations may be willing to work with you on the price if they feel like it can help raise more funds. And remember, while some horses may only cost a few hundred dollars, there are also horses out there that cost thousands of dollars! Be sure to do your research and don't just go for the first horse you see.
As far as how much your horse will cost per month, that really depends on how active he is and what kind of lifestyle you want to lead.