It hit hardest at the supermarket, when I noticed that a pound of carrots, our horses’ favorite treat, cost $1.49.

While not an economist, it was clear that these are difficult fiscal times. Costs for just about all goods and services have risen dramatically. A few years ago, a five-pound bag of carrots could be purchased for the same price. It seems like many in our industry, including this breeding farm owner, should be wondering if the “Sport of Kings” is beyond their means, as our sale horses certainly aren’t bringing five times what they had been over this relatively short period of time. More...