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gcreekrch
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Joined: 21 Feb 2008
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PostPosted: Tue Dec 14, 2010 8:11 pm    Post subject: Reply with quote
Nicky wrote:


How do I go about valuing our time? It's not like riding an outside horse where you charge by the month or whatever.




Under your circumstance, it technically is the same as riding an outside horse.
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the_jersey_lilly_2000
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PostPosted: Tue Dec 14, 2010 8:12 pm    Post subject: Reply with quote
I'd suggest the fair split of the colts.....or end the partnership deal....because if your having to ride and train their colt as well..I don't think you'll ever come out ahead $ wise in deals like that. Now with your own colt if you went the route where you get one and they get one......then if you decide to sell yours...you can put any price you want to on it.
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Oldtimer
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PostPosted: Tue Dec 14, 2010 8:15 pm    Post subject: Re: Partnership question Reply with quote
Nicky wrote:
We own some mares with our friends, half and half partnership. So when we have broke and rode colts out of these mares til they are finished horses...what is our half worth? The first one was a filly (registered), I rode her for several years and then told Carol that I didn't want to keep my half of her, and did she want to buy me out or should we sell her. Carol decided to keep her, so now we need to come to a price for my half. This actually happened a couple years ago and we've just been letting it drift. I finally told her that we needed to come to a price by year end. The same year she decided to keep her we sold a gelding the same age/training for $7,500.00. IMO she was by far the better of the two. (Of course that could be because she was mine and the gelding was Mikes Razz )

So let me know what you all think. Thanks!


I've owned several partnership horses over the years- some with prearranged agreements and some with none- some that made me money- some that cost me....
The best way to reach agreement on the sale of a partnership owned horse/bull/cow is to put them into an agreed upon top line consignment sale---and put them up for auction... Let the current market prevail- and split the receipts- and/or let the half owner that wants to keep ownership outbid the other in an open market.....
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Big Muddy rancher
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PostPosted: Tue Dec 14, 2010 11:24 pm    Post subject: Reply with quote
Nicky wrote:
Hindsight is definately 20/20...and most of your suggestions are what we wished we'd done Confused But since we didn't, more suggestions are welcome.

The colts are half and half when born. They share in expenses (feed, vaccinations etc.) we do 100% of the work til they are finished. I know it's a bad deal and I wish we'd never let it get this far.

How do I go about valuing our time? It's not like riding an outside horse where you charge by the month or whatever.

And Katrina...yes, unfortunately you can have too many horses Wink


Maybe the best you can do is tell her that you would like to settle up on that mare and tell to pay you what she figures is fair for your training. Bite the bullet and be happy with the outcome and use it as a "Learning experience" Confused
Just make sure you have it on paper what is to happen with anymore share colts.
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cowboyup
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PostPosted: Wed Dec 15, 2010 1:46 am    Post subject: Reply with quote
Big Muddy rancher wrote:
Nicky wrote:
Hindsight is definately 20/20...and most of your suggestions are what we wished we'd done Confused But since we didn't, more suggestions are welcome.

The colts are half and half when born. They share in expenses (feed, vaccinations etc.) we do 100% of the work til they are finished. I know it's a bad deal and I wish we'd never let it get this far.

How do I go about valuing our time? It's not like riding an outside horse where you charge by the month or whatever.

And Katrina...yes, unfortunately you can have too many horses Wink


Maybe the best you can do is tell her that you would like to settle up on that mare and tell to pay you what she figures is fair for your training. Bite the bullet and be happy with the outcome and use it as a "Learning experience" Confused
Just make sure you have it on paper what is to happen with anymore share colts.



I agree with big muddy if you want to keep the friendship and the partnership
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Northern Rancher
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PostPosted: Wed Dec 15, 2010 8:47 am    Post subject: Reply with quote
That's good advice.
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Yanuck
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PostPosted: Wed Dec 15, 2010 12:38 pm    Post subject: Reply with quote
I agree with BMR, in the future I would say to alternate years on owning the foals, and if she wants you to ride her horses, you can set a price for training and go from there. We've never had a horse partnership that worked yet...so we just don't anymore! Wink
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Nicky
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PostPosted: Wed Dec 15, 2010 6:31 pm    Post subject: Reply with quote
This is all good advice, and probably what I will do on the mare. So for in the future, on the colts that are ready to be started...and to get in writing Wink ...

If they are born 50/50 by the time they are say 4 years old and broke, what percentage do I own?
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Big Muddy rancher
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PostPosted: Wed Dec 15, 2010 6:52 pm    Post subject: Reply with quote
Nicky wrote:
This is all good advice, and probably what I will do on the mare. So for in the future, on the colts that are ready to be started...and to get in writing Wink ...

If they are born 50/50 by the time they are say 4 years old and broke, what percentage do I own?


I would just alternate picks on the colts. If there are 2 , one year you get first pick the next year they do. If more just alternate picks. If it turns out to be a odd number the first pick one year gets the extra colt.

I other words the partnership ends at the mares. The colts are divided at weaning. We did this breeding our mares to a girls stallion. We alternated first picks year to year. I picked up the mares after breeding and had to decide whick colts I wanted. The last year I bred them at home and the girl was forever coming to get her pick. Shoe was on the other foot.
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