Thanks all for the help.
Right now we're not yet sure how we are going to use the median price.
We are trying to develope some way to come up with a method to place a value on each of our broodmares, and are looking at a number of different factors.
Initial cost of the mare,
number of foals sold and price sold,
average price per foal,
median foal price,
total earnings for foals raced,
avergage earnings per foal,
median earnings,
etc., etc.
If we can assign values to enough variables maybe we can end up with a profit ratio kind of number for each broodmare?
This would then help us decide which mares to keep and which ones to cull.
We have 415 mares and sell 300+ foals so we need to constantly upgrade our broodmare band to maintain our position in the sport.
"Hanover Shoe Farms, Inc. - Greatest Name in Harness Racing"
www.hanoverpa.comThanks again for the help.
Jim
>James
>
>Just curious... how do you use the median price in the world of horse sales, of which I know nothing?
>
>Regards
>
>JR