XII AAEP News April 2018
INDUSTRY
U.S. horse industry study: Economic impact up, horse population down Results to help define industry’s importance among legislators, general public
The United States equine industry generates approximately $122 billion in total economic impact, according to results of the 2017 Economic Impact Study of the U.S. Horse Industry released in early March by the American Horse Council Foundation. The total is an increase of nearly 20% on the approximately $102 billion impact identified when the study was last conducted in 2005.
During the same time, the number of horses dropped from 9.2 million to 7.2 million, a not-unexpected decrease due to recent declines in breed registration trends. Texas, California and Florida continue to have the highest population of horses.
The study also determined the industry provides a total
employment impact of 1.74 million and generates $79 billion in total salaries, wages and benefits. In
addition, 38 million, or 30.5%, of U.S. households contain a horse enthusiast, and 38% of participants are under the age of 18.
“Having these updated numbers is critical not only to the AHC’s efforts up on Capitol Hill, but also for the industry to demonstrate to the general public how much of a role the equine has in American
households,” said AHC President Julie Broadway.
The full national study, along with breakout studies for 15 states, is available for purchase through the AHC website at
horsecouncil.org/ horsecouncil-publications. The AAEP was among the many equine industry organizations to provide funding support for the survey.
AAEP Educational Partner Profile: Luitpold Pharmaceuticals Luitpold Animal Health, a division of Luitpold Pharmaceuticals, Inc., the manufacturer of Adequan®
glycosaminoglycan) and BetaVet®
i.m. (polysulfated (betamethasone sodium phosphate & betamethasone acetate injectable suspension),
has proudly sponsored the AAEP as an Educational Partner since 2008. Our long-term support of the AAEP initiatives is based on our shared interest in equine health. We applaud the involvement of the AAEP and of their member equine veterinarians in helping to ensure the proper diagnosis and treatment of equine health.
In addition to the AAEP, Luitpold Animal Health supports the equine industry through a number of other contributions to equine veterinary organizations. Some of our other support initiatives include the Northeast Association of Equine Practitioners, the Texas Equine Veterinary Association, the Florida Association of Equine Practitioners, and the American Association of Equine Veterinary Technicians.
This year, Adequan i.m. is celebrating its 29th year as the only FDA-approved equine polysulfated glycosaminoglycan. Whether to treat companion horses or equine athletes, Luitpold Animal Health is dedicated to supporting your equine’s health.
Dr. Eleanor Green
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