What a year! The horse industry has done exceptionally well. Due to COVID, more and more people are turning to outdoorsy sports like riding. With less vacations and more remote work, existing equestrians are also splurging on horses. Prices are skyrocketing!
A Reflection of the Industry
You may have noticed the housing industry going wild this past year. Houses are selling for premium prices, often over asking. Bidding wars are the new thing! It isn’t just houses… used cars, trucks, horse trailers, wood, and many other things are selling as soon as they’re listed. It’s tough for buyers out there, though sellers are making out.
With that in mind, let’s see how the horse industry did in 2021.
- Prices are high for horses.
- They often go over asking price.
- People are buying sight unseen, just based off videos.
- Auction horses are also selling for a premium.
- Lesson and training barns are on waitlists.
- Horse trailers are higher than ever.
- Barns are paying workers more.
- Hay prices have gone up in many parts.
- Horse shows and clinics have resumed.
Many have said that horse trainers are finally getting what they deserve- fair prices for the animals they have spent so much time with. On the other hand, some buyers are disgruntled with the climbing costs.
What are your thoughts? Any predictions for 2022?