Industry profile and opportunities
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Industry profile and opportunities Objectives of this section: After completing this section, you should be able to: Identify countries or areas with the most horses, donkeys, and mules Compare the population of horses, donkeys, and mules in the United States to that in the world

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Objectives of this section:

  • After completing this section, you should be able to:

    • Identify countries or areas with the most horses, donkeys, and mules

    • Compare the population of horses, donkeys, and mules in the United States to that in the world

    • Describe the rise and fall of the horse population in the United States

    • Project changes in the horse population in the United States


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Objectives of this section:

  • Name four general areas of equine research and give two examples of each

  • Identify activities and organizations associated with the United States horse industry

  • Discuss the future of the United States horse industry


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Industry profile and opportunities

  • The horse industry is a highly diverse industry that supports a wide variety of activities.

    • Combines rural activities of:

      • Breeding, training, maintaining and riding

    • With urban activities of:

      • Operating racetracks, off-track betting parlors, horse shows and public sales.


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Industry profile and opportunities

  • How many horses are there?

    • 6.9 million horses in the U.S.

      • Both commercial and recreational

    • 725,000 of those horses are involved in racing and race horse breeding,

    • While 1,974,000 and 2,970,000 are used in showing and recreation, respectively.

    • 1,262,800 are used in other activities:

      • Farm and ranch work

      • Rodeo, polo, police work, & etc.




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Top 10 horse-producing states:

Texas

California

Oklahoma

Colorado

New York

Ohio

Michigan

Pennsylvania

Washington

Kentucky

Industry profile and opportunities



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Industry profile and opportunities

  • How many people are involved in the Industry?

    • 7.1 million Americans are involved in the industry as:

      • Horse owners ,

      • Service providers,

      • Employees, and

      • Volunteers.


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Industry profile and opportunities

  • 3.6 million and 4.3 million of those participated in showing and recreation, respectively.

    • With some overlap of participants in both activities.

  • 941,000 people participated in racing in either a professional or volunteer capacity.

  • 1.9 million people own horses.

  • Tens of millions more Americans participate as spectators.


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Industry profile and opportunities

  • The horse industry is a divers broad-based activity with stakeholders including large numbers of:

    • recreational and show horse riders,

    • And moderate-income track,

    • Show and stable employees and volunteers.


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Industry profile and opportunities

  • The median income for all U.S. households is $36,000.

  • The median income for horse owning households is $60,000.

  • 14% of horse-owning households have incomes under $25,000

  • 38% under $50,000.

  • 64% under $75,000.


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Industry profile and opportunities

  • Impact on the American Economy

    • The horse industry directly produces goods and services of $25.3 billion.

    • And has a total impact of $112.1 billion on U.S. gross domestic product.

      • Racing, showing and recreation each contribute more than 25% to the total value of goods and services produced by the industry.


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Industry profile and opportunities

  • The industry’s contribution to the U.S. GDP is greater than the:

    • Motion picture services

    • Railroad transportation,

    • Furniture and fixtures manufacturing

    • Tobacco product manufacturing

  • The industry pays a total of $1.9 billion in taxes to federal, state and local governments.


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Industry profile and opportunities

  • Of the 619,400 people directly employed by the industry

    • Some part-time and seasonal employees, which equates to :

      • 338,500 full-time equivalent jobs.

    • The industry generates over 1.4 million FTE jobs across the U.S.


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Industry profile and opportunities

  • In terms of employment, the industry directly employs more people than:

    • Railroads

    • Radio and television broadcasting,

    • Petroleum and coal products manufacturing

    • Tobacco product manufacturing.


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Industry profile and opportunities

  • Broken down, the horse industry has a direct economic effect in:

    • Urban areas of $2.8 billion and employs 45,800 FTE employees.

    • Rural areas, the direct economic effect is $22.5 billion and employs 292,7000 FTE employees.


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Overview of Careers:

Auctioneering / horse sales

Boarding

Breeding

Breed Registry / Assoc.

Businesses

Farriery

Guest & Dude Ranches,

Youth Camps

Health Care

Horse Racing

Horse Training

Judging

Law Enforcement

Manufacturing & Sales

Outfitter

Polo

Publishing

Riding Instruction

Rodeo

Horse Careers


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Overview of Careers:

Stables

Support Professions

US Dept. of Agriculture

U.S. Forest Service

US Dept. of Interior

Veterinary Medicine

Wagon Trains & Trail Rides

Horse Careers

What ever career you choice

be sure it is one you will enjoy.


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Research in the Horse Industry

  • Unsoundness and Injury

  • Breeding and Reproduction

  • Nutrition

  • Disease Prevention and Control

  • Equine Behavior


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