horse power a brief look at the numbers and economic impact of the equine industry
Post on 23-Dec-2015
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Breeding
Trail Riding
Horse & Rider
Training
Horse Shows
Unaffiliated Competition
Riding Schools
Horse Racing
Farm Based Tourist
Attractions
Affiliated Competition
Farming
Professionals/para-professionals
e.g. vets, farriers
Financial Services
e.g. accountants, equine insurance
The Trade
e.g. horse feed, bedding
Training & Education of workforce
e.g. on-the-job training
Associations
e.g. breed associations
Media
e.g. magazines
Land-based business
e.g. racecourse
Event Organization
e.g. Showground's
Infrastructure
e.g. trail corridor
Professional horses &riders
Semi-professional horses & riders
Leisure horses & riders
Complexity of the Equine Industry
Force of The HorseForce of The HorseEconomic Impact - $102 Economic Impact - $102
BillionBillion Estimated
number of horses in the U.S. 9.2 million
Estimated number of horses by Activity
Recreation, 3,906,923 Showing, 2,718,954 Racing, 844,531 Other, 1,752,439
Estimated Estimated number of horses number of horses by Breedby Breed Quarter Horse, Quarter Horse,
3,288,203 3,288,203 Thoroughbred, Thoroughbred,
1,291,8071,291,807 Other Horses, Other Horses,
4,642,739 4,642,739
Iowa Survey ResultsIowa Survey Results
199,220 total equine 199,220 total equine (AHC, 2005)(AHC, 2005)
Total Iowa equine Total Iowa equine valuevalue
$1,027 million$1,027 million
35,800 operations35,800 operations 47,000 equine 47,000 equine
ownersowners 145,000 Iowans 145,000 Iowans
involved in equine involved in equine industryindustry
Breeder
Trainer
Retail
Other
Exhibitor
Broker
Farm Manager
Veterinary
0
5
10
15
20
25
30
35
40
45
%
1 Respondents could indicate multiple roles
Equine Owners Role in the Equine Owners Role in the IndustryIndustry11
Racing2%
Work13%Showing
4%
Boarding3%
Other7%
Breeding9%
Personal or Recreational
62%
Composition of Iowa Equine Composition of Iowa Equine OperationsOperations
Participation in Equine Participation in Equine ActivitiesActivities
Over Over 69%69% of Iowa of Iowa equine owners equine owners ride on public landride on public land
33% of equine 33% of equine owners will owners will compete in some compete in some type of event type of event during the year during the year
50% will attend an 50% will attend an equine show, equine show, clinic and/or clinic and/or workshopworkshop
Participation in Equine Participation in Equine ActivitiesActivities
Over 27% of horse Over 27% of horse owners will attend owners will attend a rodeo & 8% will a rodeo & 8% will participate in a participate in a rodeo annually.rodeo annually.
Eight percent of Eight percent of Iowa equine Iowa equine owners will attend owners will attend one or more races one or more races per year.per year.
Number of Years People Number of Years People Have Owned EquineHave Owned Equine
0
5
10
15
20
25
30
35
<10 11 to 20 21 to 30 31 to 40 41 to 50 >50
%
Breed Rank by Breed Rank by PopulationPopulation
Quarter Quarter HorseHorse 42%42%
OtherOther 19%19%
PaintPaint 16%16%
PoniesPonies 7%7%
AppaloosaAppaloosa 7%7%
ThoroughbredThoroughbred 5%5%
Thoroughbred5%Appaloosa
7%Miniature Horse4%
Other**19%
Paint16%
Ponies7% Quarter Horse
42%
Other – light horse breeds, draft breeds, mules, donkeys
Ranking by UseRanking by UseOther, 10%
Tourism, 1%
Youth Activities, 5%
Work, 5%
Race, 3%Competition, 13%
Breeding Stallions, 6%
Breeding Mares33%
Recreation24%
Foal RegistrationsFoal Registrations
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
Appaloosa Arabian Anglo & Half-Arabian
Morgan Horse Paint Horse Quarter Horse
Saddlebred Standardbred Thoroughbred
% of Registered Horses % of Registered Horses Age 15 or OlderAge 15 or Older
0
10
20
30
40
50
60
ArabianMorganPaintQuarter HorseSaddlebredStandardbred
Equine-Related AssetsEquine-Related AssetsTotal value - $8.3 billion. Total value - $8.3 billion.
Tack & Supplies
$170MillionTrailers$341 Million
Vehicles$762 Million
Barn & Stables
$1,016 Million
Land$4,345 Million
Equine$1,027 Million
Indoor Arenas
$680 Million
Tractors & Farm
Machinery$350 Million
All Other $194 Million
Expenditures Associated With Iowa’s Equine Owner
$503+ Million
Expenses Common to All Horse Owners Per Owner Total
A. Farm Related $3329
B. Veterinary $2959
C. Tack & Supplies $1669
Specialty Expenses
A. Travel $ 695
B. Professional $ 846
C. Maintenance & Misc $1282
Overall Per Operation Expenses $10,735
TOTAL ALL EXPENSES $503 M
Direct Economic Impact
The initial change in the economy as a result of spending to support
the horse industry
Total ImpactDirect impact and additional spending as a
result of direct impacts
Economic Impact – All Equine Operations Industries Impacted
$862 Million and 10,130 jobs
Total Sales Income Jobs
Agriculture $179 M $ 38 M 943
Utilities $ 9 M $ 2 M 24
Construction $64 M $30 M 852
Manufacturing $43 M $8 M 166
Total Sales Income Jobs
Transportation & warehousing
$41 M $12 M 295
Retail Trade $114 M $50 M 1,941
Information Services
$12 M $3 M 82
Finance, insurance & real estate
$60 M $13 M 447
Economic Impact – All Equine Operations Industries Impacted
$862 Million and 10,130 jobs
Total Sales
Income Jobs
Professional & technical services
$281 M $119 M 4,721
Other services $25 M $8 M 628
Government $30 M $1 M 32
Total $862 M $288 M 10,130
Economic Impact – All Equine Operations Industries Impacted
$862 Million and 10,130 jobs
Prairie MeadowsPrairie MeadowsEconomic ImpactEconomic Impact
Stalls 1,336 horsesStalls 1,336 horses Running 5/d/wk with 46 horses – 414 Running 5/d/wk with 46 horses – 414
horses/wkhorses/wk Hay consumptionHay consumption
½ bale/horse/day½ bale/horse/day 667 bales/day667 bales/day 160 day season – 106,720 bales160 day season – 106,720 bales
Grain consumptionGrain consumption ~15 lb/horse/day~15 lb/horse/day ~2000 lb/day~2000 lb/day
Economic Impact – Pari-Economic Impact – Pari-mutuel Racing mutuel Racing
Horse Racing Horse Racing Operations pay Operations pay $12.5 M to the $12.5 M to the state of Iowa state of Iowa annuallyannually
Horse Years Vs. Human Horse Years Vs. Human YearsYears
First year horse = 12 human yrsFirst year horse = 12 human yrs Second year horse = 7 human yrsSecond year horse = 7 human yrs Next 3 horse years = 4 yrs eachNext 3 horse years = 4 yrs each Subsequent horse years = 2.5 yrs eachSubsequent horse years = 2.5 yrs each
2 yr old horse – teenager2 yr old horse – teenager 15 yr old horse – middle aged15 yr old horse – middle aged 20 yr old horse – senior citizen20 yr old horse – senior citizen
SummarySummary
The equine industry is a thriving part The equine industry is a thriving part of the Iowa economic landscape, and of the Iowa economic landscape, and
has tremendous potential to grow.has tremendous potential to grow.
INTO THE FUTUREINTO THE FUTUREGuarding Animal RightsGuarding Animal Rights
Horse-slaughterHorse-slaughter The unwanted The unwanted
horsehorse MustangsMustangs RodeoRodeo PMU farmsPMU farms
Condition of stalls Condition of stalls for horsesfor horses
Composition of Composition of track and running track and running surfacessurfaces
Racing & showing Racing & showing 2-year olds2-year olds
Post-race career of Post-race career of horseshorses
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