Published in European Trainer, January - March 2018, issue 60.
In the previous issue of European Trainer (Issue 59, October-December 2017), the Trainers’ Daily Rates Survey was summarised, while Europe’s best training centres were also featured. From the former we learned that only 38% of trainers derive their sole income from training, yet this doesn’t deter hopefuls from taking out their first licence. So, where is the best place to set up a new yard to tip the balance in your favour?
Just over half of European trainers keep between 10-50 horses; fewer than 10% have more, and it is generally not considered to be economically viable to train fewer than 30 horses. The average daily rate per horse charged by a trainer is €43, which would provide a weekly revenue of €9,030 for a 30-horse yard.
Comparing daily rate to staff wages, there is little benefit to be found in starting up in one country versus another. The EU minimum wage maintains a constant across the board although the stable staff associations of some countries, such as Ireland, do ensure that a higher rate is paid. Therefore, anywhere from 50-90% of the daily rate charged will go to staff. A shortage of good riders and experienced staff is currently being endured throughout Europe, so, again, a new trainer is free to choose any location...