- 8 - was able to reduce some of his costs; for example, he estimated that stud fees would be $1,500 and that it would cost $3 per day to feed each horse. The stud fee for breeding petitioners’ horses to McDannald’s horse, Rumadii, was only $500. Petitioner bought hay from his neighbor and paid to have it cut and baled, reducing the daily cost of feed per horse to 51 cents. The business plan included horse pedigree listings and descriptions of some Arabian horses. It also included petitioners’ plans for breeding and showing the horses and building facilities for them. Petitioner concluded that they had to raise extraordinary horses to be profitable. Petitioner studied the bloodlines and history of Arabian horses back 100 years. He traced the ancestors of one of petitioners’ mares, Vendalita, as far back as possible. He believed that he could learn how to breed better horses by studying Arabian horse genealogy. He believed that it would take him 10-13 years before the activity would be profitable, in part because it can take up to 5 years for an Arabian horse to reach maturity. Petitioners have been members of the Southwest Missouri Arabian Association, the International Arabian Horse Association of Missouri, the American Horse Show Association, the Southwest Missouri Horse Show Association, and the Arabian Registry since 1991. Petitioners are registered as breeders with the Arabian Registry.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011