Here's what it all comes down to: If you aren't certain that YOU can afford to keep it for a few years until the economy improves, don't breed it. I don't care what it is anymore - demand is down and I don't think that's going to change anytime soon. Until we have a better idea what is going to happen, this really would be an excellent year to just skip breeding and focus on training and showing what you have. Not to mention that is the best way to drive up the price of your existing inventory!
So, another auction report - this one from Ohio.
It is interesting to see how few of these horses were actually bought by a kill buyer. It's easy to tell who is buying because the KBs horses are called out by number when they are sold and are not Coggins tested as they leave the ring. In talking to a KB before the sale, he said they don't want to buy anything under $850-$900 because, as he said it, it costs the same to kill a pony as it does a horse.