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Pura Raza Espanola (PRE) Market Trends
Why Yearlings Come Available
By Donna DeYoung. Added 01/21/08.
In
Kim Shogren's article "Yearling Clearance Time", she brings up some good points.
Why ARE those yearlings for sale NOW?
She's talking about the availability and pricing of yearlings just after the New
Year and before the next foal crop hits the ground.
I'd like to answer this question as well as to expand on the topic of yearling
Andalusian foal sales.
Kim says, "It seems that breeders go through some sort of amnesia between the
birth of foals from one year to the next. Somehow they either don’t realize
space issues or choose to ignore them until the spring when they drastically cut
prices on the previous year’s foals to make room."
This is certainly the case for many breeders. What you don't know is what is
going on behind the scenes. Many breeders are keeping all or part of their foal
crop because they haven't yet decided to SELL them!
Why and when they decide to sell is a matter of opinion.
Some breeders would like to expand their herd. Others get emotionally attached.
For whatever reason, they sometimes keep too many foals from a foal crop.
And then reality sets in.
They just can't afford to keep so many horses. Some must go.
"Most of the time, breeders have had young stock for sale for awhile. Perhaps
the pricing has been above market average, or maybe the advertising style shed
the horse in an undesirable light. "
It's true, some of these horses have been for sale since they hit the ground.
Others have been "hiding" out at the farm and haven't been advertised. If
you're looking for a good deal, either type will do. The breeder is usually
willing to negotiate on the average foals.
What about the superior ones?
Nope. They just don't negotiate well on those. By now they've had them for
awhile, gotten emotionally attached, and they start adding dollar signs to the
price of their best yearlings.
For example, I was selling some foals in-utero for $12,000 to $15,000. Then one
year I kept a filly. She turned out to be one of my best. My yearling asking
price? $40,000...
Just how bad the seller needs to sell and how much room they need is often
revealed in their pricing. In the example above, I obviously didn't need to sell
that yearling filly very badly if my asking price was $40,000.
Yearlings are sometimes offered at the same price as newborns, or only slightly
higher. In some cases they are offered at a lower price to attract more buyers
and move the sale along. Colts especially fall into this category as they are
labor-intensive to raise and keep.
Whatever you do, when buying a yearling, be sure to factor in "cute" (you like
pretty horses, don't you?) and factor out "ugly" (gangly is okay, but that butt
really isn't going to shoot up 4 inches to catch up to the withers, and those
ears, well, those ears ...).
And one other thing ... don't forget your inscription papers. Yearlings should
have them.
About the
author:
Donna DeYoung is an "Andalusian Expert" and raises Pura Raza Espanola (PRE)
horses on her Texas farm. She is an avid dressage and endurance rider and enjoys
teaching others.
For more articles on Andalusians, please visit our sister website
Spanish Vision Farm.
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