Lingering effects of COVID-19 - Much of Canada’s horse community is still suffering financially, mentally, and emotionally from the effects of the COVID-19 pandemic. But the horse industry is expected to continue recovering during 2023.

Ever since the wheel was first invented around 3,500 BC in Mesopotamia as a wooden disc with a hole in the middle for some form of axle, creative Sumarian minds were buzzing. They were, after all, already planting crops, herding animals, and had a pretty impressive social order. But getting the wheel contraption right took a bit of creative genius. The holes in the centre of the disc and at the ends of the axle had to be perfectly smooth and round in order for the wheel to fit and turn. Otherwise, too much friction would cause breakage.

“From an insurance perspective, it doesn’t matter whether you’re riding a 15-hand Quarter Horse out in the back country or off a 17-hand Warmblood in the show ring,” says Mike King, National Practice Leader and Partner at Acera Insurance (formerly CapriCMW). “The potential for injury to yourself or damage to property is still there. There’s always some risk associated with being in proximity of, or managing, a 500-kilogram animal.”

As property values increase and everyday equine management expenses go up, keeping horses on your own property is becoming more costly. All across Canada, horse and property owners are undertaking myriad activities to make money from their farms and acreages without operating commercial boarding stables or becoming professional coaches. While every potentially money-making activity has benefits and drawbacks depending on the property’s size, layout, and infrastructure, as well as the owner’s interests and talents, there are many options for creating additional income. By implementing a few of the 24 innovative ideas summarized below, owners can start earning additional income from their property to help pay the bills.