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 [4].
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
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