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The payoff is so much greater than the risk!
We have had our hens over a year now, and we have only lost one and that was due to my husband procrastinating on finishing the coop.
He felt so bad about it, it was immediately finished. If you have a good, secure coop and if necesary, a run if you do not want to free range, the experience is very rewarding. My son loves playing with our hens and they are so docile, he can pick them up. Every day is an egg hunt, they eggs are SO much better than store bought, we will NEVER go back! They all have their own unique personality.
As for snakes....I have seen chickens absolutey shred a poor garden snake that my mom was not quick enough to get out of their run, the same with lizards. I also found out they will kill mice, a little mouse was unfortunate enough to enter one of my RIR's dogloo....the only part left was its head.
You can build a coop that is secure from most predators, except rats, they can chew through most anything, but they seem to go mostly after eggs. We have some big rats here in Lakeside, but we are consistent with keeping our eggs collected and haven't had a problem. Not sure if they would go after hens, I would think they would attack them like I've seen them go after cats. I am sure there is someone on here who does know!
I hope this helps!