the color is washed out, there is a tremendous amount of noise in this image, and the fence board dominates the photo too much without lending any interest to the composition.
The softness of this image is good. The horses grazing is a great subject for soft focus.
However, the noise in it destroys the mood. There is a DPC legal program called NeatImage that removes image noise that I think would dramatically improve this shot. The fense in the foreground may be taking up a bit to much real estate in the image and it would be nice to see all the legs of the horse on the right.