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I'm a horse person.
First the moral issues. Horses, generally speaking, are animals that are trained and socialized to work with humans. That, if a person is a good trainer, involves establishing a relationship with the horse in which the horse sees the human as leader much the same as it would follow the dominent horse in a herd. This involves establishing a trust relationship with the horse. "OK horse, you do what I want you to and I'll feed you and keep you safe and maybe even become your best friend." To me, slaughtering a horse for food betrays this trust.
Now the practical. Contrary to the public image, most horse people are not rich. Keeping a horse is expensive. I pay $380/month to keep my horse in a modest place New Jersey. That covers his food but there are additional expenses: routine vet care, farrier care, equipment and if you choose to ride in horse shows or if you have ambitions in racing, the sky's the limit. Horses live a long time--25 to 30 years on the average. Most horses will go through several owners in their lifetime. People want horses that can do the sort of activities that they enjoy. As their own skills increase, they often outgrow their original horses.
Euthanizing a horse is an expensive proposition. Last quote I heard was $300-400 including disposal of the remains at a rendering plant. A bullet through the head is cheap, and done properly, humane but you still have to get rid of the carcass and that costs money. A humane killer bolt, the type that's used in slaughter houses is also, done correctly, humane. The problem is whatever method you use, horses are hard animals to kill. I've heard of horses that died in agony when the vet misjudged the amount of drugs that it would take to put him down. If you sell Old Dobbin for meat, not only do you not have to pay anyone a dime--they'll even give you a couple hundred for the useless beast that's eating you out of house and home.
I'm against sending horses to the killers just as I am against euthanizing unwanted dogs and cats. I would not sell my own horse to the killers. Unfortunately, I also can't see any alternative in t he near future. I'd rather work on reducing population and regulating the industry to reduce suffering in the short term and hopefully see it die out in the long term.
As far as the Mustangs go, mustangs are what God intended horses to be. They're small, tough, and have excellent feet. The problem is most horsemen, who want to use an animal for sport or work, have different ideas about the perfect horse than the Almighty. If you want a roping horse you need a big solid animal that can pull a cow off its feet, a 900 pound mustang won't do. If you want a jumper, he's got to be tall enough and have a long enough stride to negotiate the course. Most jumpers are 16-17 hands. Most mustangs are 13-15 hands. Mustangs do well in endurance racing and can make good pleasure horses and general ranch horses. Problem is Americans are big people and don't like the idea of riding an itty bitty horse.
I think the wild horses have a place. Technically, the horse is a reintroduced species, not an alien species. Horses evolved in North America. Around the time the first humans arrived they began to die out. Some made it across the land bridge to Asia where they thrived. Some paleontologists believe that early humans had somehting to do with their extinction in North America (elephants died out here too). They ire intrinsically tied up with the heritage of our nation.
There has to be population control. Roundups in which a proportion of the young animals are sold are a good way of doing this--a good model is the annual roundip of wild ponies at Chincoteage Virginia. Chemical sterilization of mares and gelding of stallions is another (spaying horses is not practical) Predator introduction might help but since the only predators that would threaten horses are wolves and mountain lions, that is not politically viable. Ranchers hate wolves and mountain lions even more than they hate wild horses. Limiting the number of cattle that can graze per land unit is also an option.
This has been a long post and I haven't offered many solutions.
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