1 / 21

Industry profile and opportunities

Industry profile and opportunities Objectives of this section: After completing this section, you should be able to: Identify countries or areas with the most horses, donkeys, and mules Compare the population of horses, donkeys, and mules in the United States to that in the world

liam
Download Presentation

Industry profile and opportunities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Industry profile and opportunities

  2. Objectives of this section: • After completing this section, you should be able to: • Identify countries or areas with the most horses, donkeys, and mules • Compare the population of horses, donkeys, and mules in the United States to that in the world • Describe the rise and fall of the horse population in the United States • Project changes in the horse population in the United States

  3. Objectives of this section: • Name four general areas of equine research and give two examples of each • Identify activities and organizations associated with the United States horse industry • Discuss the future of the United States horse industry

  4. Industry profile and opportunities • The horse industry is a highly diverse industry that supports a wide variety of activities. • Combines rural activities of: • Breeding, training, maintaining and riding • With urban activities of: • Operating racetracks, off-track betting parlors, horse shows and public sales.

  5. Industry profile and opportunities • How many horses are there? • 6.9 million horses in the U.S. • Both commercial and recreational • 725,000 of those horses are involved in racing and race horse breeding, • While 1,974,000 and 2,970,000 are used in showing and recreation, respectively. • 1,262,800 are used in other activities: • Farm and ranch work • Rodeo, polo, police work, & etc.

  6. Industry profile and opportunities

  7. Industry profile and opportunities

  8. Top 10 horse-producing states: Texas California Oklahoma Colorado New York Ohio Michigan Pennsylvania Washington Kentucky Industry profile and opportunities

  9. Industry profile and opportunities

  10. Industry profile and opportunities • How many people are involved in the Industry? • 7.1 million Americans are involved in the industry as: • Horse owners , • Service providers, • Employees, and • Volunteers.

  11. Industry profile and opportunities • 3.6 million and 4.3 million of those participated in showing and recreation, respectively. • With some overlap of participants in both activities. • 941,000 people participated in racing in either a professional or volunteer capacity. • 1.9 million people own horses. • Tens of millions more Americans participate as spectators.

  12. Industry profile and opportunities • The horse industry is a divers broad-based activity with stakeholders including large numbers of: • recreational and show horse riders, • And moderate-income track, • Show and stable employees and volunteers.

  13. Industry profile and opportunities • The median income for all U.S. households is $36,000. • The median income for horse owning households is $60,000. • 14% of horse-owning households have incomes under $25,000 • 38% under $50,000. • 64% under $75,000.

  14. Industry profile and opportunities • Impact on the American Economy • The horse industry directly produces goods and services of $25.3 billion. • And has a total impact of $112.1 billion on U.S. gross domestic product. • Racing, showing and recreation each contribute more than 25% to the total value of goods and services produced by the industry.

  15. Industry profile and opportunities • The industry’s contribution to the U.S. GDP is greater than the: • Motion picture services • Railroad transportation, • Furniture and fixtures manufacturing • Tobacco product manufacturing • The industry pays a total of $1.9 billion in taxes to federal, state and local governments.

  16. Industry profile and opportunities • Of the 619,400 people directly employed by the industry • Some part-time and seasonal employees, which equates to : • 338,500 full-time equivalent jobs. • The industry generates over 1.4 million FTE jobs across the U.S.

  17. Industry profile and opportunities • In terms of employment, the industry directly employs more people than: • Railroads • Radio and television broadcasting, • Petroleum and coal products manufacturing • Tobacco product manufacturing.

  18. Industry profile and opportunities • Broken down, the horse industry has a direct economic effect in: • Urban areas of $2.8 billion and employs 45,800 FTE employees. • Rural areas, the direct economic effect is $22.5 billion and employs 292,7000 FTE employees.

  19. Overview of Careers: Auctioneering / horse sales Boarding Breeding Breed Registry / Assoc. Businesses Farriery Guest & Dude Ranches, Youth Camps Health Care Horse Racing Horse Training Judging Law Enforcement Manufacturing & Sales Outfitter Polo Publishing Riding Instruction Rodeo Horse Careers

  20. Overview of Careers: Stables Support Professions US Dept. of Agriculture U.S. Forest Service US Dept. of Interior Veterinary Medicine Wagon Trains & Trail Rides Horse Careers What ever career you choice be sure it is one you will enjoy.

  21. Research in the Horse Industry • Unsoundness and Injury • Breeding and Reproduction • Nutrition • Disease Prevention and Control • Equine Behavior

More Related