Survey: Equine industry contributed $177B to U.S. economy in 2023

A new survey shows the national economic impact of the equine industry last year, adding an additional $55 billion to the U.S. economy in 2023 than in 2022.

A new survey shows the national economic impact of the equine industry last year, adding an additional $55 billion to the U.S. economy in 2023 than in 2022.

The 2023 American Horse Council National Economic Impact Study shows the equine industry contributed $177 billion to the U.S. economy. That’s up from $122 billion in 2017 and includes tourism, veterinary science and agriculture.

The industry also has a substantial impact on employment with over two million jobs linked either directly or indirectly. This consists of truck drivers, journalists, breeders and of course veterinarians.

There has been a slight decline though in the total population of horses. Over six million horses are in the U.S. now compared to the over seven million reported in 2017.

Related Stories
Mon, 4/22/24 – 8 PM ET | 7 PM CT | 6 PM MT | 5 PM PT
Congress has already approved more than $11 million for design work and $45 million for the first phase of construction, which is set to begin next month.

LATEST STORIES BY THIS AUTHOR:

Ongoing dryness is taking its toll on corn crop production in Mexico and South Africa, two other top global corn producers, as U.S. corn producers see some relief.
The inflation rate seems to be dropping faster here in the United States than in Canada, but according to the chief economist with one of Canada’s largest banks, looks can be deceiving.
High input costs are standing in the way of farmers intending to shift to more sustainable practices, according to research by McKinsey and Company.