The estimated value of the 242,400 equines in Kentucky is around $6.3 billion dollars. Also the estimated value of equine related assets, including land and buildings, vehicles, equipment, feed and supplies, tack and equestrian clothing is $17.1 billion dollars. The total value of Kentucky’s equine and equine related assets are a whopping $23.4 billion dollars.
The income generated from sales of equines in 2011 is estimated at $521.1 million dollars. Income from equine related services provided in 2011, including breeding and non-breeding services, such as training, boarding, farrier, transportation, purses, incentives, etc., totaled $491.0 million dollars. The total of all sales and income for equine operations in 2011 was around $1.1 billion dollars.
Capital expenditures by equine operations in 2011 were estimated to be $337.0 million dollars. Operating expenditures totaled $839.0 million dollars. The good news is 77% of these operating expenses were spent right here in Kentucky. Total equine related expenditures by equine operations in 2011 were about $1.2 billion dollars.
To see the actual survey summary you can go to the Kentucky Horse Council site here.
To sum it all up the horses in Kentucky are worth billions of dollars to the State and are a very important asset to be encouraged.
Photo: Courtesy of Sandy Dolan
|Kentucky Round-Up coming to the Kentucky Horse Park on February 2 with equine education fun for the whole family|
|It’s “Homecoming” time at Old Friends Thoroughbred Retirement Facility|
|Combined Driving equine competition coming to Hermitage Farm in Goshen, Kentucky on September 21-23, and you are invited to come watch this thrilling event [Equine]|
|The Brownboro Alliance Cup benefit polo match makes for a great Labor Day weekend picnic event [Charitable Event]|
|Second Stride Inc. retrains and adopts out off the track retired Thoroughbred racehorses for new careers once their racing careers end [Equine]|
|Second Stride’s 4th Annual Pony Tales event to take place on April 9 at Bistro 42|
|Update - Second Stride teams up with Molly Malone’s for their 2nd annual Kentucky Derby Party to benefit the horses on April 29|