wk 3 - business plans

different kinds of property (1/2)

• boarding / training

• cattle ranches

• breeding

• pasture, retirement

how much pasture do you need for every head of cattle?

10-12 acres of land per year/head

how much pasture do you need for every head of horse?

2-4 acres of land per year/head

what are the different options when buying land?

• pre-built property

• land

what are some things to think about when buying land? (1/2)

• how many acres u want/need?

• understand it comes w/ hefty mortgage

• how does property change between seasons

what are some things to think about when buying land? (2/2)

• how does rain affect property?

  • flood records

• what kind of soil does it sit on?

• will u put crops? how will it change type of soil needed?

how is clay as a soil?

• keeps soil from absorbing water

• is terrible to build on

how is soil/sand as the choice?

ideal but has a lot of movement for foundations

what is property zoning? why is it important?

• regulation that divides land into different areas, or “zones“

• determines the potential of the areas

• controls how property can be used

what are things to consider for property zoning? (1/3)

• building permits

• zoning

  • residential is okay if it’s only you boarding

  • must be agricultural zoning if you want to make boarding/training facility

what are things to consider for property zoning? (2/3)

• conditional-use permits

  • make sure ur allowed to build large facilities & board horses

  • need approval to open a boarding facility

  • allows u to open ur requested business

what are things to consider for property zoning? (3/3)

• seller’s permit

• Department of Natural Resources (DNR)

  • regulates disposal of manure

  • inspection of where manure storage will be located

how do you zone horse property? (1/2)

• may be several places to build barns

• don’t want a barn too close to house location

• should be of walkable distance from house

how do you zone horse property? (2/2)

• should position barns to avoid flooding

• material used should depend on climate

• ability to get water & electricity to barns

what are the different kinds of business licenses? (1/3)

• california

• sole proprietorship

• general partnership

what are the different kinds of business licenses? (2/3)

• joint venture & partnership

• limited partnership

• limited liability corporation

what are the different kinds of business licenses? (3/3)

• private closed held corporations

• S corporation

what are the different kinds of operating costs? (1/4)

• mortgage

• property tax

• utilities

what are the different kinds of operating costs? (2/4)

• manure servicing

• property maintenance

• insurance

what are the different kinds of operating costs? (3/4)

• services provided to boarders

  • shavings

  • hay

  • water

  • use of facility

    • wash racks, round pen, arena, cross ties, tack room or tack locker

what are the different kinds of operating costs? (4/4)

• employees

  • grooms, stall cleaners, ranch hands

  • designating a ratio of employees to boarders

  • considering full time w benefits or part time

what is a liability release / boarding contract?

• contract where 1 party agrees not to hold another party liable for damages or injury

• common in fields that involve come risk to property, finances, or health

• agreeing that released party (facility owner) isn’t legally responsible for any injury suffered on their property