Ask Cari

Horse Business is big business. A recent study by the horse Counsel reveals that our industry contributes $39 billion to the US economy and supports 1.4 million full time jobs. When indirect spending is considered, the total is closer to $102 billion. The following conclusions have been made:

The horse industry is both large and economically diverse, as well as a key contributor to the overall fabric of the U.S. economy;

Horse owners and industry suppliers, racetracks, and off-track betting operations, horse shows and other industry segments all generate discrete economic activity contributing to the vibrancy of the overall industry;

. Of the total economic impacts reported, approximately $32.0 billion is generated from the recreational segment; $28.8 billion from the showing segment and $26.1 billion is generated from the racing segment.

“This study paints a portrait of an industry that operates in every corner of the country and contributes mightily to the American economy and culture,” said Jay Hickey, President of the AHC. “Never before has the impact of our industry been so dramatically demonstrated.”

“Millions of Americans have a personal commitment to the horse industry, from the grassroots to those who compete nationally and internationally,” said David O’Connor President of the United States Equestrian Federation and an Individual Olympic Gold Medalist. “Some are kids riding their backyard horse for the sheer joy of it, some support their family working for an equine business, and others are breeders and competitors at the highest levels. Together they contribute billions to the economic health of our country through their shared passion for the great American icon, the horse.”

“We know horses have a special place in America’s history and culture. This study clearly demonstrates the horse industry’s significant role in America’s economy too,” said Congressman Don Sherwood (R-Pennsylvania), a breeder of draft horses. “When you have a tough week in Congress, there is nothing like going home, cleaning a stall, and grooming a broodmare. The old saying that there is something about the outside of a horse that is good for the inside of a man is so true.”