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In this Discussion
- annismyrph May 2022
- BlackMagic May 2022
- Cavalynn May 2022
- ChateauAlbere May 2022
- CrowsnestRidge May 2022
- Fiddler May 2022
- lecobb8 May 2022
- Silverstar May 2022
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Show herd economics
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I see many people say that second gens are their best money makers, and I'm wondering if someone can help me understand the economics of picking the best show horses?
Right now, my daily show bonus is ~40k, mostly because I have spent some time buying up old, high pointed horses in the auction. I recognize that they could pass away at rollover, but if it costs me $2,500 to buy a 18 year old, and they end up living to 25, that seems like a risk worth taking to me.
I have kept some youngstock from my bootstrap herd, but mainly the highest PT horses.
My thought was "why save the ~10.4 pt 2nd gen foals I breed" when I can instead go to the auction and find plenty of 12+ pt spelds to buy? But maybe I'm missing something? -
It's my understanding that most 2Gs level off in a "sweet spot" when it comes to the best level/grade for consistently earning a good amount of points. I'm interested to hear what more experienced show herd keepers have to say about this because it's something I wanted to ask more about as well.
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And I'm always scooping up horses in the auction with a PT of 13 or higher. I find they level off in very profitable spots.
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I ve found my 2g horses are usually around 10.5 PT score and they usually level off in the 7W class, which is the biggest earning class in the show schedule ; it just depends on where they are placing in that class , some of them pay me aprox 250hb's a Day, now when you consider i have almost 8k show horses of various ages, this is why my daily income is just over 600k a day. The more 2g horses that Fail SBA / BA and are " better show horses than a breeder" you can keep, the faster you ll grow your show herd and start earning better HB's on a daily
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In some ways I think it’s just about building up quantity too. I haven’t had the time/interest to really look at good vs. bad show horses in my herd, but I find I keep gettIng a jump in my daily payouts after I show my big show barns. If you keep adding new foals with a decent PT (i.e. over 10), they’ll start contributing in a couple months and the growth is pretty natural.
Even if your horses level off in a bad spot so that they aren’t earning many new points, they still contribute to your daily payout with their existing points.
Of course if you really want to grow more quickly, then it’s probably worth it to pay more attention to the details and I have also seen a lot of posts confirming that 2G foals tend to level off in the profitable 7W class.
I just wanted to say that in my experience, it’s hard to grow your show herd “wrong”. Keep adding new barns and you’ll get there.ID #265959 | He/him | Breeding Black Satin, Liver, and Grullo Arcturus Horses | Licenses: Mushroom, DFP2, Onyx, Axiom Blue and Green -
Thanks guys. I think I'll try a mixture of starting to keep my 2G spelds, and buying more high pt foals.
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When I first started this account I did bootstrap breeding, on my forest account I did generation breeding. On both accounts I kept every speld baby I got. My forest account quickly outpaced this account and actually had double to triple the daily payout this account had. I started them at the same time. This account only caught up to the other one when I started generation breeding starting with foundations.
When you are a smaller barn you need quality over quantity. With the ability to send a horse to auction at 10, you are going to save everything until then. Most 2g horses have a PT of 10, they level off at around 11. If they are still earning points you keep them if not you sell them. A 14 PT horse won’t quit training until they are 15, they can be getting really lousy point scores while they train. They might level off in an amazing spot and gain way more points in the end or they might not. Most newer players don’t have 15 months to wait on a possibly amazing show horse.
We are still too early in the month for me to show you my best earners right now. Because I look at points earned this year to figure out my best horse.
However here is a list of my show horses over 15, look at the first couple of pages and see what is the most common PT scores, and what scores you don’t see until a couple pages in.
https://www.huntandjump.com/adv_search.php?runsearch=go&ageg=15&f_adv=points_py&stallion=0&mare=0&owner=235600&56=0&57=0&58=0&59=0&60=0&61=0&offset=50 -
SilverStar, I looked at your horses; so what you are saying is the best show horses are the 10.6 horses? and the Stars aren't really stars when it comes to showing? It's hard to tell if you just don't have a lot of stars or not...
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High PT scores (typically associated with Start and Gold papers) train for longer, which gives them the change to get into high level show settings (Level 8/Grand Prix classes). But since only horses with high PTs have the potential to make it up that high, statistically, 50% will place in the bottom of their classes. So they can be hit or miss.
Lower PT horses level off their training earlier, but they can be solid little money makers at their lower levels, and they provide income while your higher PT horses are still training. Because there's a much bigger field of lower-level horses (including high PT horses that are still training), I find they are less likely to get stuck in that bottom half as consistently.
As for why to keep them, yes, you can buy a high pt horse at auction for 2500 hbs, and that is a great way to add to your show herd. Highly recommend. But if you bred your 2gs in a pasture and keep them, they cost you 500. (Papering is free for neutered horses, I didn't find PT scores helpful for low-level stock when I was starting out, especially if you are breeding from perfect or exceptionally perfect/producing foundations.). If you genetic test so you can enter breeders clubs, that's 600 hbs. So that's 4-5 show horses for the cost of one purchased from auction.
Now, if space is an issue, you may want to auction off some of your worst performers and cull your herd. I don't have space issues right now, so I pretty much keep everyone. But when I was living on a stall-to-stall basis not that long ago, I would cull my barns at the end of each month - searching for 10 year old horses, owned by me, not in a pasture, ranked by earnings this year, jump to the end, and drop those that are leveled off *and* not adding a significant number of points per show. Because you've jumped to the last page, these should be your horses are in coming in last and not adding any points. They will get better as you go to lower-numbered pages. You can sell those ones back for their lifetime payout* and not lose out on very much. Pre-lifetime payout, I'd do a little more math about show entry fees vs show prize fees and expected points gained per month, but it's not really worth the math over the of the lifetime payout.
*You can decide where you want your cut off to be. Mine use to be they'd have to be adding at least 50 points a year after leveling off (which would add about 5hb to your daily payout each month, for context).
"Coming back to where you started is not the same as never leaving." - PTerry Pratchett
Breeder of big spot appaloosas with fantasy colors and Kit M.Thanked by 1lecobb8 -
CHateauAlbere, thank you ! I didn't know you could Paper Neuters for free! I'm going to do that ASAP.
Also, you finally gave me a metric for trying to figure out who was a keeper and who wasn't. thanks for that too.