MARKETPLACE NEWS M16 May 2006 PHOTO BY: BRETT SPADER CASH IN: Nearly half of all horses in Indiana are devoted to trail riding. Catering to that market could lead you to a value-added business. Young author brings a love for equines to journalism W Horse craze offers profit opportunities By BROOKE BAKER H AY burners translate into big bucks for farmers who are after extra income. With a little resourcefulness and effort, farmers can make an extra dollar while meeting the needs of the Midwest’s largest and fastest-growing livestock sector: horses. “You have to look at the needs of horse owners and try to fill them,” says Melinda Gerrish. She and husband, Mike, operate Cuttin’ Up Stables in Shirley, Ind. She says there’s great demand for hay, manure disposal, trail riding Key Points ■ Delivering hay when customers want it adds income. ■ “Horse motels” for travelers and horses can bring in dollars. ■ Existing stables use the Internet to advertise services. and boarding services. For example, because women are often directly involved with horses, farmers who produce a lighter, shorter bale would have a very appealing product. While customers would pay less per bale, farmers would have more bales to market. Equine primary use Kyle Taylor of Taylor Turn Stables, Indianapolis, says, “As a woman, moving shorter hay bales would be much easier and quicker for me. Convenience is a big plus.” Another consideration is that some horse barns have limited hay storage. Taylor takes advantage of an option where she doesn’t need to store a whole year’s supply. Instead, she gives hay suppliers an estimated amount she will need. They hold it until she needs it. Many horse ventures operate on limited space. Taylor deals with waste removal companies for manure management. She disposes of manure in dumpsters emptied weekly. Farmers could charge stables a fee to haul away horse manure, these horse business owners suggest. They could either spread it or market it as another product, like compost. Blaze a trail SOURCE: 2002 INDIANA EQUINE SURVEY Recreational and trail use make up 44% of horses’ primary uses in Indiana, according to the 2002 Indiana Equine Survey. That’s how huge the market is for someone who developed a place for trail riding. Clearing trails for riders is the extent of the initial work. Mowing trails a couple of times a year would be most of the upkeep, experts say. What about housing a horse? Finding a facility is a concern, especially for those traveling with their horse. As livestock operations close, barns sit empty. Converting these buildings to horse barns by installing box stalls would make them useful again. ‘Motel 6’ for horses With fencing to make a paddock, some farmers could operate a “horse motel.” That’s the business model the Gerrishes are trying to develop. Their farm is reasonably close to major interstates. Cuttin’ Up Stables provides traveling horse owners a facility to board their horses, as well as themselves, overnight. “Our motel is utilized weekly by visitors. People from fortytwo states, British Columbia, and Argentina have stayed with RITING about horses is easy for Brooke Baker. They’re part of her life. Baker authored the story on this page after participating in a special Indiana Prairie Farmer writing project. For the past several years, Indiana Prairie Farmer editor Tom J. Bechman has assisted Chris Sigurdson, head of Purdue University Ag Communications, in teaching students how to write for agriculture magazines. Each student prepares an article on a real subject, with real sources. Sigurdson requires it. Once the assignment is graded, students can fine-tune the story and submit it as an Indiana Prairie Farmer article if they want. Baker is happy that readers in her home state of Illinois will also see this article. She’s one of several Illinois students who successfully completed Ag Communications at Purdue. Baker hails from Seneca. Her family owns Percherons, Quarter Horses and Paints. She has shown Percherons for 10 years. She placed second in Illinois FFA’s Horse Science Placement in 2002. Congratulations to Brooke Baker and all of the other aspiring young Purdue University writers! us,” explains Melinda. The Gerrishes have a cabin where guests stay. Once built, Melinda says, “The only additional work to run it is regular housekeeping and clean sheets after guests leave.” Cuttin’ Up Stables markets their “motel” on the Internet. The horse motel has a Web site, and is listed on www.horse motel.com in the overnight-stay directory. Establishing a good reputation with current customers is important to expanding your business. “Once your business is started, word of mouth goes a long way in promoting a product or service,” Melinda concludes. Baker is a Purdue University Ag Communications student. Dollars and cents of horses F ROM 1999 to 2002, the number of horses in Indiana alone increased about 20,000. The economic impact of the Indiana horse industry in 2001 was estimated at more than $197 million. The horse industry also provided more than 8,850 jobs. When household spending was included, estimated annual economic impact was over $207.2 million. More operations have horses than any other species, and horses are more valuable than all other species combined. These conclusions are based upon the Economic Impact of the Equine Industry in Indiana survey, plus Indiana Ag Statistics Service data. The horse industry has similar impact in Illinois.