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California
Horse Economic Statistics
The horse
industry is a very large and important part of our state,
national, and local economies, involving agriculture, business,
sport, racing, entertainment and recreation. The three top
states with the largest amount of revenue from goods
and services produced are first, California, then Florida and
Texas. however, California exceeds both Texas and Florida if
value of goods and services produced by the horse industry by
more than $1 billion dollars.
The following information is from the
comprehensive report completed in by the Deloitte
Consulting LLP for the American Horse Council Foundation (HorseCouncil.org).
It validates what the industry has known for some time, that the
horse industry is a highly-diverse, national, serious and
economically significant industry that deserves the attention of
the general public, the media and federal, state and local
officials.
California Horse
Industry - 4.1 Billion Dollars
The California horse industry produces goods and services valued
at $4.1 billion (larger than even Texas which produced $3.0
billion).
There are 698,000 horses in California, over 70 percent of which
are involved in showing and recreation. (California is only
exceeded by Texas which has 979,000 horses).
311,100 Californians are involved in the industry as horse
owners, service providers, employees, and volunteers. Even more
participate as spectators.
The national industry has a $7 billion impact on the
California economy when the multiplier effect of spending by
industry suppliers employees is taken into account. Accounting
for off-site spending of spectators would result in an even
higher figure.
The California horse industry directly provides 54,200 full-time
equivalent (FTE) jobs. Spending by suppliers and employees (in
California and other states) generates additional jobs in
California for a total employment impact of 130,200.
National Statistics Highlights
There
are 9.2 million horses in the United States.
4.6
million Americans are involved in the industry as horse owners,
service providers, employees and volunteers. Tens of millions
more participate as spectators.
2
million people own horses in the United States.
The
horse industry has a direct economic effect on the U.S. of $39
billion annually.
The
industry has a $102 billion impact on the U.S. economy when the
multiplier effect of spending by industry suppliers and
employees is taken into account. Including off-site spending of
spectators would result in an even higher figure.
The
industry directly provides 460,000 full-time equivalent (FTE)
jobs.
Spending
by suppliers and employees generates additional jobs for a total
employment impact of 1.4 million FTE jobs.
The
horse industry pays $1.9 billion in taxes to all levels of
government.
Approximately
34% of horse owners have a household income of less than $50,000
and 28% have an annual income of over $100,000. 46% of horse
owners have an income of between $25,000 to $75,000.
Over
70% of horse owners live in communities of 50,000 or less.
There
are horses in every state. Forty-five states have at least
20,000 horses each.
Information from the
American Horse Council,
Washington DC, (HorseCouncil.org)
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