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Home > The Off Farm Income Podcast > OFI 629: Racing Horses And Splitting Winnings In High School | FFA SAE Edition | Kolbe Jones | Diamond High School FFA
Podcast: The Off Farm Income Podcast
Episode:

OFI 629: Racing Horses And Splitting Winnings In High School | FFA SAE Edition | Kolbe Jones | Diamond High School FFA
Category: Business
Duration: 00:25:34
Publish Date: 2019-06-17 01:30:14
Description:

SHOW NOTES

INTRODUCING KOLBE JONES!

The world of horse racing is not one that I get to learn about very often, so today’s interview is a real treat.  Kolbe Jones has been raised around horse racing.  His father is very involved, and spends a lot of time out of state working in the horse racing industry.  Kolbe and his brother join him on the weekends to work on their business.

When Kolbe was seven years old he started filling water buckets at the race track for $0.25 per bucket.  He has been learning the business ever since.  Today he and his brother are partners on a business breeding and selling race horses.  They raise Quarter Horses for racing purposes.  Currently they own four of their own.

They have a unique business arrangement with their father.  Kolbe works to pay back the training fees on his horses.  And, if one of their horses wins they split the winnings with their father as reimbursement for feed, transportation, etc.

There is an interesting process at the race track when it comes to how jockeys are assigned to a horse.  Kolbe explains that and more on today’s episode.

SUPERVISED AGRICULTURAL EXPERIENCE: Equine Entrepreneurship

HIGH SCHOOL: Diamond High School; Diamond, Missouri

MASCOT: Wildcats

FFA ADVISOR: Sadie Steele

CONTACT INFORMATION FOR KOLBE JONES:

Click on the picture below to be taken to the Diamond High School Ag. Department’s website:

Kolbe’s FFA Advisor’s Email Address: ssteele@diamondwildcats.org

Diamond High School Telephone Number: 417.325.5188

FFA LINKS:

National FFA Organization

Supervised Agricultural Experiences (SAE’s)

Support FFA 

Donate to FFA – One way that FFA students are able to start small businesses is through an FFA grant of $1,000.  In 2014, 141 FFA students received these grants.  With your donations, more students can get this head start – pay it forward.

REASONS TO DONATE TO FFA:

  • Only 2% of Americans grow and raise most of the food and livestock consumed by the other 98% as well as the rest of the world.  FFA is providing the needed education, training and resources to Americans that will carry that torch forward and insure that America continues to have inexpensive, quality food.
  • Rural Communities will rely on entrepreneurship in the future for population growth and job creation.  The FFA is a major catalyst to that entrepreneurial growth.
  • Farmers, ranchers and those working in agriculture give the rest of America incredible amounts of freedom because the search for food is as simple as going to the grocery store:

“Because American farmers are able to provide for so many of us, they give more and more of us the freedom to pursue goals and livelihoods beyond growing the food we need to survive.”

U.S. Secretary of Agriculture, Tom Vilsack 

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