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Industry profile and opportunities

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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Industry profile and opportunities

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  1. Industry profile and opportunities

  2. 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

  3. 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

  4. 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.

  5. 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.

  6. Industry profile and opportunities

  7. Industry profile and opportunities

  8. Top 10 horse-producing states: Texas California Oklahoma Colorado New York Ohio Michigan Pennsylvania Washington Kentucky Industry profile and opportunities

  9. Industry profile and opportunities

  10. 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.

  11. 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.

  12. 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.

  13. 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.

  14. 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.

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. 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

  20. 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.

  21. Research in the Horse Industry • Unsoundness and Injury • Breeding and Reproduction • Nutrition • Disease Prevention and Control • Equine Behavior

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