AHC Releases Results of Economic Impact Study
The equine industry generates some $122 billion in economic impact.
March 4, 2018
American Horse Council
The American Horse Council Foundation has released the results of its 2017 Economic Impact Study of the U.S. Horse Industry.
According to the study, the equine industry in the U.S. generates approximately $122 billion in total economic impact, an increase from $102 billion in the 2005 Economic Impact Study. The industry also provides a total employment impact of 1.74 million and generates $79 billion in total salaries, wages, and benefits. The current number of horses in the United States stands at 7.2 million. Texas, California, and Florida continue to be the top three states with the highest population of horses.
"Those involved in the equine industry already know how important it is to the U.S. economy," said AHC president Julie Broadway. "Having these updated numbers is critical not only to the AHC's efforts up on Capitol Hill, but also for the industry to demonstrate to the general public how much of a role the equine has in American households. While the number of horses in the US has decreased, this was not entirely unexpected due to the decline in breed registration trends over the last few years."
The study also revealed that 38 million, or 30.5 percent, of U.S. households contain a horse enthusiast, and 38 percent of participants are under the age of 18. Additionally, approximately 80 million acres of land is reserved for horse-related activities.
"For this update of the study we wanted to get a better picture of the number of youth in the pipeline, which is a number that we have not previously included in our economic impact studies," Ms. Broadway said. "Additionally, being able to put a number of the amount of land use for equine-related activities is essential to ensuring that we are able to continue to protect and preserve that land for its intended use."
The complete National Economic Impact Study is available for purchase through the AHC website at www.horsecouncil.org/horsecouncilpublications. Additionally, the 15 state breakouts will be available for purchase by the beginning of April.
For more information visit AHC at www.ahc/economicimpact.com.
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