The equine appraisal profession has experienced rapid growth in the last 10 years.
» Appraisers are being increasingly recognized as professionals.
» The financial rewards are comparable, on average, to such professions as law and accounting.
» The business is not affected so greatly by economic cycles.
» Equine appraisers typically specialize in their area(s) of expertise.
Efforts by the American Society of Equine Appraisers have established greater awareness of the role of equine appraisers. Equine appraisers are recognized as professionals who perform a vital service. A distinction that has been earned rather recently.
Surveys have indicated that the average compensation of experienced equine appraisers is comparable to that of architects and accountants among the various professions. This greater recognition has reduced resistance to charging appropriate fees and salaries.
When economic cycles force horse prices down, trainers, breeders, and brokers suffer substantially more than appraisers. While fewer and fewer sales are made, appraisals are still needed for banks, insurance companies, attorneys, estate settlements, partnerships, bankruptcies, divorces, I.R.S., and F.D.I.C. Although some appraisals may be lost during a recession, the field generally is more stable than most when the economy turns down.
One of the great satisfactions for an appraiser is to be so respected for his/her knowledge of horse values that advice, as well as appraisal information, is requested by clients.
While many appraisers prefer to establish a reputation based on a comprehensive knowledge of one type or breed of horse, others consider diversity an additional challenge that the profession offers.
The American Society of Equine Appraisers acts as a support group for its membership. In addition to providing instructional materials, the staff stands ready to answer any questions from its members. A support group is essential to begin a career in equine appraising.
LOOKING TO THE FUTURE
The equine appraisal field is open to all qualified horse people, regardless of sex or ethnic background. It should become increasingly attractive in the future because it is by nature an objective field in which prejudices and personal likes or dislikes have no place.
The horse industry will offer greater challenges to appraisers as buyers and sellers become more sophisticated and as more people buy into the horse business as an investment. Equine appraisers will be central figures in providing accurate information on which to make investment decisions.
Furthermore, the equine appraisal field is by no means saturated. Most regions need more qualified appraisers.
So give this career your attention. Let the American Society of Equine Appraisers assist you.