Awww Buddy looks like the kind of
gelding I would want to add to my program (showing, pet, therapy). He would make a perfect youth gelding, imo. Plus he's got a great build and I'd love to see him as a performance horse of some kind. If I had the room, I'd take him!
Like every one else said, he would be happier as a gelding. It makes things a world easier with turning too out, as, well, you can turn him out with the other horses (just remember if he's with mares you still have a window period after gelding where he's still fertile, so be careful to wait it out before putting him with any mares!). I also agree that a good stallion makes a great gelding and great geldings,
especially youth ones, are worth more than their weight in gold. My friend's old room mate trained youth ponies. She only trained geldings. Those little guys sold for
more than equally trained stallions. Parents who want their kids to have a good horse will pay the world to find a safe gelding that will teach their kids the ropes and they can trust enough to do so. When it comes to value, mare, stallion, or gelding does not matter (to a degree), what matters is training. An unbroken 5 year old stallion will nice conformation and a good pedigree isn't worth as much as an equally nice 5 year old gelding who has been trained to be a youth horse than can drive, jump, do in hand obstacle, etc.
And if you have no plans on breeding him yourself... Why not geld? Its like having an unnetured dog that you only want as a pet. It only makes sense to geld/neuter
The fact that he has produced dwarves is also something to keep in mind. Even if you don't believe ever dwarf producing stallion should be gelded, Buddy hasn't made it to worlds (
yet-I hope to see you two there as a youth/gelding team!) nor does he have a huge show record full or wins to justify keeping him a possibly dwarf producing stallion, imo at least. And don't like the whole "but we paid this $$$$ much for him back in xxxx year and now we can't get even this $$ much for him" thing get in the way; the economy is bad. While it might not all chalk up to that, theres no denying that fact either, bad economy leads to a bad horse market.
Let us know how it goes, I hope you're able to geld him!
PS - We need more like you, people who
want to geld their stallions!