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Selling Young Foals

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  • Selling Young Foals

    Just curious, what arrangements do breeders typically make when a buyer wants one of your young foals, one who has several months left with dam? Deposit on foal at time of commitment and balance on delivery at weaning? Hold the foal for them but full price paid at weaning? Full price paid up front? And what if, God forbid, you have a firm buyer on the hook, and something then happens to the foal before weaning? Who is out of luck?

  • #2
    I sell foals in-utero and as pre-weaned babies. For the young babies purchased before weaning, they are paid for in full at the time of purchase, no matter the age. I strongly reccomend that they insure the foal, but it is up to them. Once the foal is paid for, it is their responsibility, i.e. any medical issues etc just as if they had bought an older horse. I don't charge board prior to weaning, but they do pay for everything else (dewormings, farrier care, vaccinations, etc.). If something, god forbid, were to happen to the foal it is the buyer's loss. However, I would probably work with them on finding another suitable baby.
    Already excited about our 2016 foals! Expecting babies by Indoctro, Diamant de Semilly, Zirocco Blue and Calido!
    https://www.facebook.com/pages/Hills...h/112931293227

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    • #3
      I have done both...all due at time of sale and half up front/half at weaning and delivery. Depends on what terms I can get....first is better! I also recommend insurance. Board is free until weaning. I do cover routine care (deworming and handling: leading and trailer loading lessons) in a weaner price. Technically a loss is the risk of the buyer BUT we do want a happy buyer...we did tragically lose one breeding stock Paint colt foal: He was sold in utero and stillborn. Since he was not born healthy she was not bound to the deal and I was not obligated to replace it....really by the book I just owed the buyer her 50% down back....but I offered to replace him with a yearling Paint breeding stock Paint filly I had here on the farm and the buyer was perfectly happy with her. Yeah I had an extra year into the filly.....but really there is not a lot of difference in the value of a BS Paint foal vs. yearling.
      Providence Farm
      http://providencefarmpintos.blogspot.com/

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      • #4
        I REQUIRE mortality and major medical insurance for the full purchase price on the foal as soon as the foal reaches an insurable age. New owner is responsible for all insurance, veterinary and farrier expenses from time the sale is agreed. Purchase price is paid via deposit with monthly payments until weaning. Foal must be paid in full before leaving property. If a foal remains at my farm after weaning I charge board. Basic training is included in purchase price.
        Liz
        Ainninn House Stud
        Irish Draughts and Connemaras
        Co. Westmeath, Ireland

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        • #5
          I do a smallish, non-refundable deposit until weaning... price paid in full before delivery to new home. I *strongly recommend* insurance but do not require it.

          Board is free if payments being made.
          InnisFailte Pinto Sporthorses & Coloured Cobs
          ~~~~~~~~~~~~~~~~~~~~~~~~~~~~

          Bits are like cats, what's one more? (Petstorejunkie)

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          • #6
            Is buying foals in-utero common? Who takes responsibility if the worst happens and the foal does not live, does not make it through the first week or so, or is born weak, crooked, etc?
            Proud member of People Who Hate to Kill Wildlife clique

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            • #7
              In utero: I have a live HEALTHY foal guarantee and that the foal. The vet is out here PDQ pulling IGGs when the foal is born anyway to assess the kid. All in all we have had 2 in utero sales be stillborn (of course they were the only stillborn foals we had!!). One was the story above where they buyer was happy to take a yearling filly that was very similar in type and value instead and the other MO got her deposit refunded.
              Providence Farm
              http://providencefarmpintos.blogspot.com/

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              • #8
                Originally posted by Foxtrot's View Post
                Is buying foals in-utero common? Who takes responsibility if the worst happens and the foal does not live, does not make it through the first week or so, or is born weak, crooked, etc?
                I typically sell 1 or 2 in-uteros every year, and I have 2-5 foals each year. My contract stipulates a live, healthy foal. I require a deposit at the time the sales contract is signed. If the foal passes its 24 hour "well-foal" check, i.e. good IgG, no contracted limbs, cleft palates, etc. then the balance is due. At that point, again, the foal is the buyer's responsibility. Of course, if the foal is stillborn, or is not healthy the deposit is refundable.
                Already excited about our 2016 foals! Expecting babies by Indoctro, Diamant de Semilly, Zirocco Blue and Calido!
                https://www.facebook.com/pages/Hills...h/112931293227

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                • #9
                  I do the same as waterwitch. Buyer pays full medical and mortality on the sales price. Some are paid in full and others have a 50% deposit and remainder on payments. Must be paid for in full prior to leaving farm. If paid for in full then the insurance in made out payable to buyer is the horse is not paid for in full then the insurance is made out in my name and I would pay back the buyer what ever they have paid for towards the purchase price. I do not take small deposits as I want to know the buyer is very serious and has made a big commitment to the sale.

                  Once deposit has been made the buyer is responsible for all costs associated with the foal. I am just boarding it at my farm for them. There are not actual board charges until one month after the foal has been weaned. The first couple months I do a discounted board rate but after 2 months they pay the full price.

                  Hope that helps some.
                  http://www.blazingcoloursfarm.com

                  Join us on FACEBOOK
                  Living life for the journey, not the destination.

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                  • #10
                    Full price, insurance and board.
                    Randee Beckman ~Otteridge Farm, LLC (http://on.fb.me/1iJEqvR)~ Marketing Manager - The Clothes Horse & Jennifer Oliver Equine Insurance Specialist

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                    • #11
                      I bought my foal at 1 month old, and brought her home at 5 months (early I know, long story).

                      I paid 50% up front, and the remainder upon delivery. At first I was going to purchase insurance for the time until the filly was weaned, but the purchase price was low enough that it didn't make sense to buy it.

                      Our contract stated that if some thing should happen to the horse that I had the option to back out of the purchase, less a fee.

                      I also had the option to get a vet check, and back out of the contract minus a fee.

                      Needless to say, every thing went fine, I made the final payment at delivery and have been happy since!
                      APPSOLUTE CHOCKLATE - Photo by Kathy Colman

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                      • #12
                        we ask for full purchase price at time of sale. We dont charge any board until weaning and dont charge for all routine farrier, vet, feed costs etc during that time. We strongly advise the foal is insured by the new buyers. We normally work with the buyers over weaning and collection to make sure both the buyers and foal are happy. We would start charging board if the foal was still here a month post weaning
                        www.volatis.co.uk - breeders of quality and colour

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                        • #13
                          Originally posted by dressagetraks View Post
                          Just curious, what arrangements do breeders typically make when a buyer wants one of your young foals, one who has several months left with dam? Deposit on foal at time of commitment and balance on delivery at weaning? Hold the foal for them but full price paid at weaning? Full price paid up front? And what if, God forbid, you have a firm buyer on the hook, and something then happens to the foal before weaning? Who is out of luck?
                          This is a really interesting question. . we have a foal (2 month old colt) for sale right now and I offered a $500 deposit to hold until weaning at which point the remainder of his purchase price will be due or the first payment on a payment plan (if one is arranged). I think it is fair. I've had similar situations be offered on me from other breeders and it seems to make sense. Anyone ever had a negative experience with a Deposit paid??
                          Willow Run Connemaras
                          Home of: "Willow Boy" (*Chiltern Colm ex *Sillbridge Miranda by Thunderbolt)
                          ~Irish Connemara Ponies for Sport and Pleasure~
                          www.willowrunconnemaras.com

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                          • #14
                            I just keep the deposit small enough so that if something GOD FORBID happens, I don't feel obligated to refund it.

                            Even though it says *non-refundale* in the contract, I would feel it was the Right Thing to Do if something happened. Even if there was a family emergency or illness or something--something that legitimately made the sale impossible.

                            I have a very strict sense of conscience when it comes to that--regardless of the paperwork. So I make sure the deposit is small *enough* that either I don't feel I should refund it... or I am able to refund it without feeling too bad a kick in the wallet.
                            InnisFailte Pinto Sporthorses & Coloured Cobs
                            ~~~~~~~~~~~~~~~~~~~~~~~~~~~~

                            Bits are like cats, what's one more? (Petstorejunkie)

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