Results from the 2023 National Equine Economic Impact Study Released

Key highlights of the survey include:

Diverse Economic Sectors Impacted: $177 billion. That’s the total value added in 2023 from the equine industry, up from $122 billion in 2017. The equine industry’s ripple effect extends beyond the traditional sectors, influencing a broad spectrum of industries. From agriculture and tourism to veterinary services and technology, the survey showcases the interconnectedness of the equine world with other economic realms

Employment Boost: The survey reveals a substantial impact on employment with 2.2 million jobs linked both directly and indirectly to the equine sector. Not only are breeders, trainers, veterinarians, and farriers represented, but so are truck drivers, nutritionists, chemists, police officers, and journalists.

Slight Downshift in Population: While there is a slight downshift in the total population of horses from 2023 (6.6 million) compared to 2017 (7.2 million), that’s only a slight consideration when compared to the growing numbers in jobs and expenditures.
The purpose of the survey is to demonstrate the value of the equine industry in the national and state economies by analyzing the direct, indirect, and induced economic impacts of horse ownership, recreation, and equine-related services.

Continue to from AHC: https://horsecouncil.org/press-releases/results-from-the-2023-national-equine-economic-impact-study-released/

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