I saw this comment on Rechelle’s site the other day when she posted the video of Ladd on the news talking about the mustangs. I wanted to address it here.
Lets do some math and then consider the alternative.
$1.30 per day per horse = approximately $475 per horse per year.
In the winter, a horse needs anywhere from 25-30 lbs of hay per day. The cost of hay is anywhere from $.05 – $.075 per pound = up to $2.25 worth of hay consumed by each horse in a day. For arguments sake, we’ll use the low end of $1.25 worth of hay per day.
A safe estimate for the average growing season in NE Oklahoma is 200 days per year, requiring them to provide enough supplemental hay for the horses for 165 days. That equals $206 per horse per year on the low end, and $370 per horse per year on the high end.
A years worth of salt and minerals for an average size horse costs approximately $75.
That is $281 per year to $445 per year per horse in raw costs incurred by the raches that utilize this program. Or an average of $363. $475 less $363 = $112 per horse per year difference.
$112 per horse x 2200 horse = $246,000. Add on top of that the cost of gasoline to drive out to these pastures to feed them, the cost of ranch hand’s salarys, etc, and $100,000 per year is not an unreasonable estimate.
An alternative to this is to euthanize and dispose of each of these animals from BLM land. Do you know what those costs are?
I’m all for having a little fun, but your mockery in this instance seems out of line when you look at logistics.
And Ladd said the following:
“There’s not many things you can do in agriculture to change up your cash flow so this was a good program for that,” said Ladd Drummond, a rancher in northeastern Oklahoma.
Drummond has 2,200 horses on his land. The government pays him $1.30 per horse, per day. That’s $1.04 million a year. Drummond said less than 10 percent is profit, or close to $100,000. He has to dedicate seven acres to each horse. He gives them supplemental feedings in the winter and puts out salt and mineral in the summer.
“You have a lot of expenses that go into it, but, there’s definitely a little profit built in too, it’s hard to do anything without making a little profit,” said Drummond.
$1.30 per day per horse = $475 per horse per year – AGREED
After that is where we part ways…… Yes, in the winter a horse needs about 30 lbs of hay/day but the cost of hay AT RETAIL in Drummond ranch area is $35-$50 per 1,600 round bale. Go ahead, call around to farmers down in Osage county, I did. Let’s say $50/bale, I’m feeling generous, so that comes to $.03 a pound RETAIL. But they grow their own hay and that cuts the hay bill down by half, again according to the ranchers I spoke with, so that’s ……oh really now, let’s just round up because there might be a little waste in the bale, so let’s go with $.02 a pound of hay.
I’m not sure how many mustangs you’ve observed eating grass in a pasture, Heather, but they don’t just eat it while it’s growing hon. Wild horses will eat dried up fall hay so long as they can get to it through the snow. Those horses are only needing bales in field about 4 months of the year, 16 weeks or 112 days.
So let’s refigure. $.02/per x 25 lbs/horse/day = $.50 x 112 days = $56.
I’m not sure where you got $75 a year for salt because a 50 lb block will last a year or more for 1 horse and they’re $5 retail – Ladd’s buying hundreds so trust me, he aint paying retail. But what the hell, let’s go with $50 for salt, minerals, and other shit that Ladd forgot about.
So that’s hay $56 + $50 for other shit = $106. Oh my, that’s quite a different figure. Even figuring $150 per horse to include fencing, gas and all that crap, he’s STILL easily earning $325 per horse per year in profit and that’s $715,000. FROM YOU AND ME, mind you, the taxpayers. Let’s not forget that Ladd ADMITED that the horses is where he makes his real money — not from cattle, crops, or even millions in other subsidies, FROM THE HORSES.
And don’t even get me started on the MILLIONS they earn in subsidies, you know, because they’re struggling and all and really NEED that money.
What a worthless piece of lying shit he is.