Here is a link to a short news item from a South Dakota
media group about a retiring veterinarian who can’t find another veterinarian
to purchase his practice. Take a minute to read it. I’ll wait.
https://www.keloland.com/keloland-com-original/parker-veterinarian-to-retire-seeks-successor/
This tale of woe is being told over and over across the U.S.
Maybe you haven’t heard this exact tale, but you probably have heard that there
is a “shortage” of veterinarians. This is only partially true. There is a
dramatic shortage of large animal (livestock and food animal) veterinarians.
According to AVMA, for data collected in 2024, about 73% of
new DVM graduates accepted positions in companion animal practices. Around 3%
of new graduates accepted jobs working with food animals. New DVMs working in
private practice for livestock reported starting salaries that were around
$30,000 less per year than new DVMs in private practice for companion animals.
Now add in the fact that the average DVM graduated in 2024 with more than
$200,000 of debt.
According to AAVMC, around 3,300 DVMs graduated from vet
school in the U.S. in 2025. Around 100 of them took private practice jobs
working with food animals. One hundred people. Dr. Parker has a lot of competition.
Let’s take another look at Dr. Parker’s situation. He says
that his practice has been listed for sale for over a year. He says that he has
hosted vet students trying to find one to take over his practice but hasn’t
been successful.
Maybe the overall state of the economy is making it harder
for new DVMs to finance the purchase of a clinic. Anecdotally, I’ve noticed a
lot of small businesses in my area that survived COVID have been closing down
in the past month or so.
Maybe his 48-year-old practice doesn’t have modern
equipment. New DVMs know that the gold standard medicine that is taught in many
large veterinary teaching hospitals is not always easy to reproduce in the real
world, but they expect basics like in-house radiography and ultrasound, not to
mention a full suite of bench diagnostics to evaluate things like fecal parasites,
serology, and blood chemistry and a decently stocked in-house pharmacy.
Maybe he doesn’t have enough support staff. The article
doesn’t even include the word “technician.” New DVMs know that providing good
veterinary medicine requires a team of trained professionals. In high-volume companion
animal practices, you might see two technicians per DVM, plus other technicians
assigned to cleaning, stocking, kennel management, and so forth. Plus you will
have a front office staff who handles appointments and payments.
Maybe his service radius of 20 miles is too small. Maybe
there aren’t enough clients. More likely, there aren’t enough clients who can
afford to pay realistic fees required by a modern veterinary practice.
Maybe his willingness to be “on call 24/7 since I’ve been
open” is in direct conflict with the demand of new DVMs to have a healthier
work-life balance. This is a big generational shift with no easy fix.
By far, the biggest factor preventing Dr. Parker from
selling his practice is money. It always comes down to money. His mixed animal practice can’t generate enough revenue for
a new graduate to pay student loans, pay support staff, purchase equipment and
supplies, and support a family. Few rural practices, even if they include some companion animal clients like Dr. Parker's clinic, can.
These nuances are rarely discussed. They are barely acknowledged
by veterinary schools themselves. Better to claim, there’s a shortage of
veterinarians so let’s pump out more! Let’s increase class size (diluting the
critical hands-on aspect of learning how to practice medicine)! Let’s increase
tuition (increasing the already crushing levels of debt that most DVMs have at
the end of four years)!
Those aren’t solutions because they don’t address the real
problems.