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Horse Pasture Rent
We have a hilly side to our property. My neighbor is interested in renting it for his thoroughbreds. He would put up the fence and possibly a run in shed. The field is in timothy and orchard grass. So...
1)What is fairmaket value on this land (Eastern Pennsylvania)? (approx. 4-7 acres)
2)What if we supply a hose for water? He said he would haul it in, but that sounds like a hassle since he lives about 1/8 mile from the land.
3)Any other things I should think about? I (try to) keep the ground hog population in control and we're calling our insurance agent on Monday.
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Horse Pasture Rent
I own horse and I live close to the PA border; maybe I can help.
1) value of land depends ALOT on your location. Are you just outside Philly? or by eastern PA in the eastern Poconoes? Look in the local paper/bargineer for ads for field board.
Is this month-to-month? or a long-term lease?
Big question: Who cares for the horses? Who fixes the fence if it breaks? If the owner doesn't show up for whatever reason are you prepared to feed the horse (you can't let them starve)
2)The water isn't a big issue either way -- it's not alot of water. But if your contract says you provide water and you plan on using a hose, that isn't going to work in frozen winter.
3) Not sure why you're worried about ground hogs? We have them here and they're not a danger to the horses. They don't dig in the horse areas here.
If you have any horse-specific questions, just drop me a line. Good luck to you!
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Horse Pasture Rent
Thanks for the quick response funchy, this came up this evening and my neighbor was really excited about it. I live near in the Lehigh Valley and he was talking long term. I think the word that jumped out at me the most was "contract".
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Horse Pasture Rent
Question? Who would have the liability if a horse did get out, in the road, scoccer mom tried to avoid it and 3 of the 8 kids in the van were killed in the roll over?
Really none of my business. However us up here in rural America, on the dariy farms, are seeing more problems with city folks and their (all kinds of bad words) lawyers.
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Horse Pasture Rent
Here's what you really need to watch out for...
I just finished (or almost finished) putting three stalls in an old barn for my wife's two horses. My idea was to rent out the third stall and make a few $s. Before I knew it, she bought a pony for the kids and now "needs" another horse since one is too old to ride (and selling a horse apparently just can't happen). So now she wants to add two more stalls, one for the new horse and one for a boarder -- I'm not going to fall for that again...
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Horse Pasture Rent
I do not know what 7 ac would rent for in Pa but I if you do not use it I would consider renting it. I would do it for a 6 months or a year to start with. I would just draw up a simple contract where he is responsible for the fence and the animals. If he has to build the fence he might insist on a year contract just to make sure he does not build you a free fence. If you ever hauled water to animals you would gladly provide the water. I doubt you are talking about more than 25 gallon a day, so if you want charge a little for the water you could. I would bet once you get used to the horses being there if you ae any kind of animal lover you will be petting them in a week. You also may find the the horses run the gophers and ground hogs off just by stepping on their holes.
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Horse Pasture Rent
re: liability
If the fence is in good order and through freak accident he escapes,you are usually protected. If you are responsible for fence maintenance and don't...and he keeps breaking free 10 times till a car accident happens, then it's likely you will be legally responsible. The law understands that an animal escaping can happen, even to extremlely careful property owners.
Also be aware of the liability you have to the horse owner. If something you are responsible for causes the injury/death of a horse, the law can force you to pay damages. Make as much of the maintenance/fencing responsiblity his (in writing); it's that much less horseowner can find fault in you for.
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Horse Pasture Rent
Want to know how to become a millionaire in the horse business? Start out a billionaire. I spent my summers in college driving the killer truck. I have seen just about any way a horse can die. No the groundhog holes won't kill them but the 22 to the head does just fine after they break their leg in the hole and it is hanging on by a tab of skin. The more service you provide in horse boarding, the less money you will make per hour. Providing pasture is probably the best route. If you offer full boarding (grain, hay, bedding) and charge $350 per month and the horse uses 150, the 200 left doesn't go far toward the shoveling, let alone any overhead and the headache of always having to be around. That is about $7 per day for your time and space.
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Horse Pasture Rent
funchy that's a good run down on the legal issue. The issue is not so much as to who's at fault anymore it's how much time and money do you have to use to defend your self from a lawyer with time on their hands and the need for income. Thankfully we still have "country" judges here.
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As always, alot of good advice and answers to questions I haven't thought of asking. How about this question.
How many horses per acre is comfortable? Since the land is in various grasses, I would like to keep it going and not become a mud pit. He had owned land adjoining ours and kept it well maintained with regular horse activity.
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