excerpts from the 2005 economic study done by Deloitte Consulting LLP on behalf of the American Horse Council Foundation
Impact by activity:
Diversity of the Industry
Study results show that the horse industry is highly diverse and supports a wide variety of activities in all regions of the country. It combines the primarily rural activities of breeding, training, maintaining and riding horses with the more urban activities of operating racetracks, horse shows and public sales.
The study also dispels the misconception that the horse industry is an activity only for wealthy individuals. In fact, the industry is a diverse activity with stakeholders which include recreational and show horse riders, as well as show and stable employees and volunteers.
Approximately 34% of horse owners have a household income of less than $50,000 and 28% have an annual income of over $100,000. In fact 46% of horse owners have an income between $25,000 and $75,000
Economic Impact for Ohio
The Ohio horse industry has a significant impact on the economy in the State of Ohio producing goods and services valued at $1.4 billion and directly providing 16,600 full-time equivalent jobs.
There are 307,000 horses in Ohio (70% of these are involved in showing and recreation)
and 181,700 Ohioans are involved in the industry as horse owners, service providers, employees and volunteers. Even more participate as spectators: