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You are in... Forums > Welcome To Your Horse Forum > The Yard > Are you being hit by the credit crunch?

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Justine Thompson

Joined:

Apr 08

Posts: 247

Are you being hit by the credit crunch?

 

Hi everyone

I saw an article in the Times online saying horses were being abandoned by their owners because of the credit crunch. Not sure that it's true though as I don't know anyone who's done that.

Has anyone else heard of horse owners in trouble (more than is usual I mean - it's an expensive business owning horses!!)?

Most owners I know would give up their own homes before giving up their horses - what do you think?

Here's the link to the article if you want to see it www.timesonline.co.uk/tol/news/uk/article5020041.ece

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kirstyndshaky

Joined:

Sep 06

Posts: 2596

Re: Are you being hit by the credit crunch?

we had 2 abandoned on my last yard, the YO (after 2 years) decided 2 sell one of them 2 cover costs (not that it came anywhere near, there was no contract) and the woman hit the roof!!!and got the horse back, only to leave it standing in a field indefinately, that was b4 the credit crunch tho....

 

It wouldnt surprise me from some ppl tbh, i think some ppl think fo them more as objects than living creatures (but maybe im 2 soft, i couldnt sell or anything ,to me a horse is like a child, u wouldnt sell your kids for something younger/better behaved/more potential would u?no matter how much u want to!!)

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jehanzeb

Joined:

Oct 08

Posts: 226

jehanzeb says:

Re: Are you being hit by the credit crunch?

To me "Credit crunch" is getting advertised more then it usually is to be fairly honest with you.I don't know why people here hyped up a thing way too much. Its not only with credit crunch but in sports as well (you take football, rugby, cricket and recently Tennis as well, all of the sports BBC specially hype up things way too much). I remember I was watching breakfast the other day and the host said "if murray wins from Federrer then he is british and if he loses from him he is scottish"..What rubbish!

Credit crunch is hitting those people who had invested in share market quite heavily, for example, the steel giant Laxmi Mittal (from 24.4Billion dollars to 2.4 billion dollars).

People who has hard cash in hand they are doing pretty well, like  the owner of Topman etc.

So you can see there are different ways or I should say areas where you can avoid this "crunch".

If I owned 20 odd horses and had pretty bad times then I would have sell them But will never abandoned them. Abandoning them would not make you feel any good instead you'll be more worried about the horses whom you spent soo much time, effort and money over period of time.

I'd say, strong people are hanging on there and weak people are trying ways to run away.

Regards

Jehanzeb

 

Jehanzeb

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soniadevereux

Joined:

Jun 08

Posts: 4350

Re: Are you being hit by the credit crunch?

Things are getting tough and after losing Tia in August I still have Pride to keep me sane. My hubby got laid off work on Monday, and being selfish i suppose my first thought was Oh god I may have to sell my boy now! After sobbing a bit I had a chat to my hubby who told me in no uncertain terms that he would rather sell all guitars, amps dogs, cats,  kids( i think he was kidding on this one!), cars and anything we had to make sure we kept my boy!! I'm happier now, but sometimes things hit you and you have no choice. Everything has gone up including hay, straw feeds etc, but we still manage somehow to make sure the animals are not affected by it. My frIend & I buy a big bale of haylage and split the bill, more economical that way and works out cheaper than hay. We all have straw delivered and it costs us £1 each (5 off us ) for delivery charge, saving fuel and time.  I am sure we have to pull our belts in to keep our nags happy.

Horses - if God made anything more beautiful, he kept it for himself. ~Author Unknown

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jackysian

Joined:

May 06

Posts: 264

jackysian says:

Re: Are you being hit by the credit crunch?

I was talking to some of the others at the yard about this, and all of us said we'd sell our houses before we'd sell our horses!!!  One woman said she'd sell her kid before her mare!!

I work in an industry that is likely to be hit if things get really bad (travel industry) so I have to think about the prospect of job losses or salary cuts!!  But one thing is certain my horse and my dogs will be fine, I might live off baked beans but they'll continue to live exactly as they always have.

I have sourced a field in my village if things do get really bad. Myself and another owner have agreed we'll take it on (field owner only wants tiny amount of money to rent it) just in case we have to leave the yard if it gets to expensive. As much as I'd hate to leave the facilities, I know Kane will cope living in a field (he has done for the last 4 years before I moved to 'proper' livery) and at least he'll have food and water, and it will save me petrol money and livery costs.  

When you're young and you fall off a horse, you may break something. When you're my age, you splatter. ~Roy Rogers

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Marian Pinches

Joined:

Sep 08

Posts: 1206

Re: Are you being hit by the credit crunch?

I'm so relieved that I keep mine @ home. Plus I'm looking for another one too but if I kept them on livery somewhere it would be hard with just one, let alone 2! I really don't know how people find the money. Again, I'm fortunate enough to have my hay from my farm and my dad pays for my feed and shavings (could have straw  but seem to buy shavings?!). I work @ an estate agents so obviously that speaks for itself, lol! I did think that horses would be coming down in price a wee bit what this credit crunch but they seem to be going up! X

xxxx Bricky Boy & Dukey Baby xxxx

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Ben's Mum

Joined:

Sep 08

Posts: 1113

Ben's Mum says:

Re: Are you being hit by the credit crunch?

I'm certainly feeling it at the moment.  With Ben on box rest he's getting through lots more bedding and hay than he usually does.  Additionally, our savings are with Icesave, the Icelandic bank that has gone bust!  AND the insurance company after three months have still not decided if they are going to pay out for his treatment - the weekly bandage changes are slowly bankrupting me!

However, I feel far better off than somebody at our yard.  First of all she lost her second job which paid for her horse.  Now she has lost her main job and so her horse has to go.  The only fortunate part is that there is a stud quite close by who are taking her on loan for a few years as a brood mare but are also going to do some schooling with her.  She's only four now so she'll still be young when she gets back to her mum.  Also, the yard taking her on loan have said that her owner can go and see her as often as she wants.  Hopefully it will all turn out okay for her, she needs a break.

There is something about the outside of a horse that is good for the inside of a man. ~ Sir Winston Churchill

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chiefsmyboy

Joined:

Apr 08

Posts: 35

chiefsmyboy says:

Re: Are you being hit by the credit crunch?

This credit crunch is starting to affect my family now as I work for a plant hire firm (supplies the construction industry) and have already had my hours and pay cut but hay, shavings, etc has gone up in price.  I've already made cuts in that my daughter's pony is now on grass keep and I've bought a huge round bale of hay for his field that he shares with another horse during the day and we've split the cost.  I also car share with another livery at my yard to save on fuel but if it gets any worse then I'll have to try and move them both to a yard or field nearer home.  To make matters worse my OH car blew up the other day so all our savings have gone into buying another car for him as at the moment his job still looks safe.  We have a number of shares that we cash in each year to pay for our family holiday so guess that's not happening now!  But I would never abandon my horses that's just inexcusable.

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Justine Thompson

Joined:

Apr 08

Posts: 247

Re: Are you being hit by the credit crunch?

 

Hi everyone

It's interesting what you are all saying about things getting tricky out there and it makes me very sad for those who are suffering trying to keep their horses. I can't imagine what I would do if I lost my job - try to find another one and keep my horse I suppose - but it isn't always as easy at that!

Well done to those of you who are looking at fields to rent etc as I think that's a really good idea for anyone else in trouble who hasn't thought of it already. Horses were made to live out after all, and you can beg, borrow or ebay some really good thick rugs until times get better.

So finger's crossed for all of us (and I include myself in this!!) that we can keep our horses and manage to get through what I hope will only be a blip in the economic landscape!

Lol Justinexx

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Vik1

Joined:

Aug 08

Posts: 3163

Vik1 says:

Re: Are you being hit by the credit crunch?

Im in a very lucky position in that I dont have a mortage or rent to pay so its just utility bills but I am also a low earner.  I have noticed that things are more expensive but it has made me clever in the way I spend.  I used to be a compulsive shopper but less so now and I think 'do I really need that?' and also plan ahead what Im going to eat for my dinner so I dont waste any food etc.  I do feel the pinch, but Im so glad Im not struggling.  I look at how my friends are stressed and realise just how lucky I am and Im soo greatful for it.

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Gerriesmum

Joined:

Aug 08

Posts: 90

Gerriesmum says:

Re: Are you being hit by the credit crunch?

Sadly  have been hit pretty hard by the credit crunch - I have had to sell my beautiful horse so that I can afford to go to work! I work in the centre of Bristol but live on the outskirts - travel in and then parking costs me over £200 a month - that's on the cheapest option I can find! I would never abandon my horse, which is why she is for sale.

 

I find it totally inexcusable to abandon any living creature - we take them on to care and provide for them - if this cannot be achieved then we must review the situation and act in the best interests of teh animal in question, be it a horse or a hamster!

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