The equine industry plays an important role in its communities. It directly or indirectly supports a broad set of local jobs and economic activity across a spectrum of businesses and occupations. Public money invested in industry and related infrastructure returns to the community to generate more jobs and income.
Is the horse industry for You?
However, the horse industry is not for the faint of heart. It’s a capital and work intensive industry to raise and train horses. There is a lot of unknowns and risks. It takes an incredible amount of commitment and patience.
What is the economic impact of the equine industry?
According to Alltech’s Steve Elliot, the annual economic impact of the equine industry is significant – involving some $300 billion dollars and 1.6 million full-time jobs. 1
How has the horse racing industry changed over time?
Horse use (AHP survey) since 2015 shows a slight downward trend in pleasure and trail riding activities, whereas idle, retired, or non-working numbers of horses show a slight upward trend since 2015. In contrast, the racing industry increased by 45% since 2005, possibly due to the availability of internet betting that attracts more spectators.
Why choose UK equine?
UK has one of the highest quality equine industries in the world, and is internationally recognised as the leading source of equine expertise, resulting in export markets with overseas trade valued at over £500m and growing, with rapidly developing markets in the Far East 14
Why is the horse industry important?
The U.S. horse industry directly contributes $50 billion to the economy and provides about 988,000 jobs. Direct contribution refers to economic activity occurring within the horse industry itself, such as horse care or recreation.
How does the equine industry impact me?
The horse industry contributes approximately $39 billion in direct economic impact to the U.S. economy, and supports 1.4 million jobs on a full-time basis. When indirect and induced spending are included, the industry's economic impact reaches $102 billion.
How do horses contribute to society?
Beyond the notable economic impact that horses bring to a community, it has been proven scientifically that horses help humans physically, mentally and emotionally. In addition, horses and horse lands provide notable environmental benefits to our communities.
How does horse racing benefit the economy?
The Race Tracks account for 9,384 jobs and more than $403 Million in labor income. Historical Horse Racing revenue allocated to Purses and Breeding contributes 1,767 jobs and almost $79 Million in labor income. Economic impacts translate into fiscal impacts.
What are the 3 common uses of equine?
States consists of more than 12 million horses that are primarily used for companionship, racing, riding, and breeding.
Is the equine industry growing?
The Horse and Other Equine Production industry has experienced marginal growth over the five years to 2022, with declines in 2020 and 2022 mitigating growth. The COVID-19 (coronavirus) pandemic significantly reduced demand from some of the industry's largest markets, including showing and racing.
How do horses benefit the environment?
Ecosystem Heroes Horses help in the preservation of grasslands. Raising horses prevents overgrazing and promotes grass growth. The grazing habits of horses help in the maintenance of many habitats of animals.
Why are horses important to agriculture?
Horses could pull plows through the fields and carts to transport crops. With their assistance and the improvements made to other tools on the farm, crops had better results. Horses were the driving power in agriculture until the tractor was invented in the late 1800's.
How do horses help farmers?
Horses can be used in logging operations and agritourism operations for activities like hayrides, wagon rides, or sleigh rides (Leslie, 2013). Horses can also be used to complete tasks around the farm such as hauling maple syrup or firewood, spreading compost/ manure, or plowing snow (Leslie, 2013).
How large is the equine industry?
The horse industry contributes $122 billion annually to the U.S. economy. The horse industry produces goods and services of $50 billion as a direct economic impact on the U.S. economy. Additionally, the industry contributes $38 billion in direct wages, salaries, and benefits.
How big of an industry is horse racing?
The market size of the horse racing track industry in the United States was valued at over three billion U.S. dollars in 2020, reflecting a decrease over the previous year's size of almost five billion U.S. dollars. The sector was forecast to reach 3.68 billion U.S. dollars in 2022.
What percentage of Americans have horses?
The most recent survey, per- formed in 2001, found 1.7 percent of responding households reporting horse ownership, with an average of 2.9 horses per owning household.
What is the horse industry called?
equine industryThe horse industry, or equine industry, is the economic activity associated with horses. This includes core agribusiness activities related to the use, possession or ownership of horses, as well as leisure activities and related economic activity that provides associated goods and services.
How much is the equine industry worth in Ireland?
The Irish breeding and racing industry generates over €1.8bn in economic activity and supports almost 29,000 jobs. According to an economic impact study conducted by Deloitte on behalf of Horse Racing Ireland, Irish racing and breeding is among the most prominent in the world.
Why is proper horse care and management important?
Proper hoof care will help reduce lameness problems and allow a horse to perform up to its potential. Good hoof care involves maintaining facilities free of sharp objects that my injure a hoof, feeding a balanced diet that optimizes hoof growth and integrity, regular hoof inspection and farrier care.
How big is the horse industry in Australia?
The thoroughbred breeding industry is worth more than $1.16 billion per annum to the Australian economy, and employs close to 8000 people, particularly in rural and regional areas.
How many horse clubs are there in China?
The number of horse clubs in China has increased by 1500% in recent years, from 90 in 2010 to 1400 in 2017. Major market for expansion 22
Is the UK a good horse country?
UK has one of the highest quality equine industries in the world, and is internationally recognised as the leading source of equine expertise, resulting in export markets with overseas trade valued at over £500m and growing, with rapidly developing markets in the Far East 14
Why is the equine industry important?
The equine industry plays an important role in its communities. It directly or indirectly supports a broad set of local jobs and economic activity across a spectrum of businesses and occupations. Public money invested in industry and related infrastructure returns to the community to generate more jobs and income.
How much does the horse industry contribute to the economy?
The horse industry contributes approximately $50 billion in direct economic impact to the U.S. economy, and has a direct employment impact of 988,394 jobs. Additionally, the industry itself contributes $38 billion in direct wages, salaries, and benefits.
What is the purpose of the horse association?
To help inform general public of the level of involvement with horses in the US (owners, participants, spectators, etc.)
Why is the horse industry down?
In part due to the financial crisis of 2008, the competition circuit of the equine industry is down by 55% since 2005. Similarly, recreational use decreased 19% between 2005 and 2017. Horse use (AHP survey) since 2015 shows a slight downward trend in pleasure and trail riding activities, whereas idle, retired, or non-working numbers of horses show a slight upward trend since 2015. In contrast, the racing industry increased by 45% since 2005, possibly due to the availability of internet betting that attracts more spectators.
What are the biggest concerns of horse owners?
Besides concern for the issue of the unwanted horse (37.8%), the largest concerns of horse owners in the AHP 2018 survey were the cost of horsekeeping (36%), loss of trail and riding areas (29.5%), and competition for open space from developers and other agricultural uses (27.8%).
What is the gender of horse owners?
The predominant gender of horse owners is women (93% in the AHP study). With regard to horse-related activity of horse owners, 20% are involved as horse trainers; 17% give lessons and instruction; 19% are farm managers; 14% are breeders; and veterinary and farrier activities each account for 5%.
What age group is the largest horse owner?
The largest numbers of horse owners are from age groups 25-59, comprising 65% of the horse-owning population. Young rider ownership, age 18-24, has decreased by 11.3% between 2005 and 2017. The age group of 45-59-year-olds dropped 18% in ownership. However, in 2005, only 6% of horse owners were over age 60, whereas in 2017, 18% were 60 years or older. The author of the AHC comparison report suggested that the same group that owned horses in 2005 are older now and continue to own horses, and horses are living longer.
How many horse owners were over 60 in 2005?
However, in 2005, only 6% of horse owners were over age 60, whereas in 2017, 18% were 60 years or older. The author of the AHC comparison report suggested that the same group that owned horses in 2005 are older now and continue to own horses, and horses are living longer. The predominant gender of horse owners is women (93% in the AHP study).
