Here's a breakdown of the conflict:
* The ponies vs. nature: The ponies face harsh weather conditions, limited resources, and predators. They must compete for food and survival, particularly during the annual "roundup" when they are herded into the ocean.
* The ponies vs. humans: The ponies are seen as valuable property by the local community, and their ownership is determined by the annual "roundup" and auction. While some islanders value and care for the ponies, others see them as a source of income.
* The ponies vs. themselves: The ponies are a wild herd with individual personalities and strengths. They must cooperate and work together to survive, but sometimes their own instincts and desires can create conflict within the herd.
The conflict revolves around the question of whether the ponies will be able to maintain their freedom and wild nature, or whether they will be subdued and controlled by human intervention. The story ultimately explores themes of animal welfare, nature conservation, and the complex relationship between humans and the natural world.