How Are Farriers Funding Their Retirement Years?
Some 56% of full-time farriers are funding their retirement years with Individual Retirement Account plans while 18% have invested in other self-employed plans, such as 401K programs. Another 24% have adopted other types of formal retirement plans while 10% are relying on pension plans for retirement dollars.
Unfortunately, 24% of full-time farriers have no retirement investment plans.
— 2020 American Farriers Journal Business Practices survey
Part-Time Farriers Charge Less for Adding Extras to Factory-Made Shoes
In most categories, part-time farriers charge less than full-time farriers for adding essential items to keg shoes.
When adding trailers to keg shoes, part-time farriers charge an average of only $2.86 compared with $4.72 for full-time farriers.
With the addition of squared or rockered toes to a shoe, part-time farriers charge an average of only $2.31 compared with $6.23 for full-time farriers.
When drilling and tapping a shoe, part-time farriers charge an average of only $12.13 compared with $31.13 for full-time farriers.
When it comes to welding inserts in shoes, part-time farriers charge an average of only $3.33 compared with an average of $27.27or full-time farriers.
One exception is that part-time farriers charge an average of $6.00 extra compared with $5.53 for full-time farriers when it comes to adding clips.
— 2020 American Farriers Journal Business Practices survey
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