Equine 1 Obj. 3.02 - Equine Enterprises

The cost for bedding increases when horses are confined to a:

• farm.

• paddock.

• pasture.

• stall.

What is the major advantage of a paddock and shelter instead of a stall?

• Bedding is provided.

• They are cheaper to maintain.

• Horses keep cleaner.

• Weather is not a problem.

Which is a major step in operating a successful equine business?

• Create another sideline "farming activity to help pay bills"

• Know what the market is for your horse activity

• Make all plans on the spur of the moment

• Use only inbreeding to preserve the lineage

A horse that can be bought with a low initial investment because it is not registered with a specific breed register is a:

• breeding mare.

• breeding stallion.

• grade horse.

• racehorse.

In addition to grooming and feeding, the sales agency provides:

• advanced training for established show horses.

• basic training for yearlings and weanlings.

• breeding services for geldings and mares.

• stud service for colts and foals.

How does the Internal Revenue Service tell the difference in horses kept for a hobby and horses kept for a business?

• If all horses kept for the activity are of the same breed, it is considered a business.

• If more than one horse has been purchased over the last five years, the activity is considered a business.

• If the horse activity is operated in a businesslike manner with a profit motive, it is considered a business.

• DIf there is more than one horse being kept, the activity is considered a business.

A major reason a plan is needed prior to going into an equine business is it:

• eliminates the need for estimation.

• forces the owner to spell out objectives.

• helps one make "piecemeal decisions."

• keeps one from looking ahead.

In order to keep a horse’s feet in good condition, a farrier must trim the horse’s feet and replace its shoes at least every:

• 6–8 weeks.

• 8–9 months.

• 1–2 years.

• 3–4 years.

Which has the most impact on the purchase amount one has to pay for a horse?

• Amount of bedding required

• Cost of rye and pasture

• Size of the paddock the horse was raised in

• Training the horse has received

Which is most likely to influence a person to get into an equine business?

• He/she failed to make enough money on hogs.

• Horses are cheaper to buy than cows.

• Horses require very little management.

• He/she already owns horses as a hobby.