University of KentuckyCollege of Agriculture

Equinomics

 

Kentucky Equine Survey

 

Why Horses are Important for Kentucky

Horses are Kentucky's third largest agricultural cash crop and Kentucky's signature industry

$3.5 billion: estimated economic impact

80 -100,000: direct and indirect jobs generated

$8.8 billion: economic impact of the state's tourism industry, which features the horse industry

$240 million: impact of Kentucky Horse Park

$217 million: impact of Kentucky Derby

More than $850 million : value of horses sold at auction in Kentucky annually

For every job in the horse industry, two more are created in horse-related businesses

Sources: American Horse Council, KEEP

 

Conceptualizing the Kentucky Horse Industry as an Economic Cluster

 

Equine economic research from UK's Agricultural Economics Department