ELCR Library of Resources:
Equine Economic Impact
Topic Area: Advocating for the Equine Industry
Using Economic Impact Studies
Kentucky Equine Survey
Early results from the new 2012 Kentucky Equine Survey (Phase 1), the first since 1977, indicate that Kentucky’s equine and equine-related assets are valued at $23.4 billion, with 1.1 million acres devoted to equine use (2011). Phase 2 of the report, to be released in mid-2013, will contain the economic impact analysis. More information about the 2012 Kentucky Equine Survey can be found at these sites: http://www.kentuckyhorse.org/en/art/3162/
; UK Ag Equine Programs website
or on the Kentucky Horse Council
's website. A copy of the complete Phase 1 results, including county-level breakdowns, will also be posted on both of these websites when they become available.
The $50,000 Pony
Read the story of the $50,000 pony
Cost of Community Services
Cost of community services (COCS) is a term used to describe the relationship between local government taxation of, and community expenditures for, a variety of different land usages. There is a growing body of COCS literature that summarizes fiscal impact studies and determines whether various forms of land use either contribute to, or detract from, local government budgets.
Saratoga Racecourse Economic Impact Study
Read and refer to this well-done study on the economic impact of one equine facility on the Saratoga community. Conducted in 2010 and released in November 2011 by the Saratoga County Industrial Development Agency, Economic Analysis of the Saratoga Race Course updates a 2006 economic analysis that documented the over 200 million dollar economic impact of Saratoga Race Course not only on the economy of Saratoga county but throughout a nine county region. The 2010 study’s findings show that Saratoga Race Course generates an estimated $186 to $213 million in economic impact each year from track operations, expenditures from participants and spending by tourists and visitors to the region.
Montgomery County Horse Study
Here is the Montgomery County, MD equine and economic impact survey, a very useful example of tools and statistics form which your community could benefit.
Conceptualizing the Kentucky Horse Industry as an Economic Cluster
The Kentucky equine economic cluster is founded on the confluence of important land resources...
Virginia horse industry increases in size and economic impact
Virginia 2011 Equine Industry Economic Impact Study
Recreational Trail Riding Study in Kentucky as conducted by Katherine Auchter, University of Kentucky Agriculture Economics Department
This study examines recreational demand for equestrian trail riding in Kentucky.
2007 Michigan Equine Survey Summary by USDA & Michigan Department of Agriculture
Results from the 2007 Michigan Equine Survey have been compiled. The survey was conducted last summer...
South Caroline Horse Count and Characteristics of the SC Equine Industry
Results from the 2004 South Carolina Equine Survey
Results From New Hampshire Statewide Equine Economic
Economic impact statistics from New Hampshire taken in late 2002 and early 2003.
2003 Pennsylvania Equine Industry Inventory, Basic Economic and Demographic Characteristics
The Pennsylvania Department of Agriculture, through the State Horse and Harness Racing Commissions, contracted with The Pennsylvania State University to conduct the 2002 Economic
and Population Study of the Pennsylvania Equine Industry.
Topic Area: Ecosystem Services: Natural Lands & Resources
Providing Community Benefits
Sequestering Carbon and Reducing Greenhouse Gas Emissions:
What is a Cap & Trade System and how can farmers and landowners benefit?
Agriculture has a lot to contribute to America's healthy soils, clean water, and clean air. Through implementing environmental conservation practices on farms...
Establishment of USDA Office of Ecosystem Services and Markets
Farms, ranches and forests provide food, fiber and fuel as well as
important ecosystem services to the American people. But all too
Topic Area: Equestrian Trails & Tourism
How Landowners and Abutters Benefit
The body of research regarding the economic benefits of trails and greenways is quite substantial.
Benefits of Non-Motorized Trails
This article contains a summary of the many benefits that non-motorized trails can provide in the state of Oregon.
Economic Impact Analysis Trans Canada Trail in Ontario
A study on the economic impacts of the TransCanada Trail for hikers, horseback riders, snowmobilers, etc.
Topic Area: Helpful Links
Advocacy, Legislation & Elected Officials