The 2012 Kentucky Equine Survey shows that money not only comes from sales, but from everything that involved in the horse industry.
Researchers said the $3 billion total doesn’t even include tourism data from the racetracks.
Breakdown of Kentucky’s Equine Operations:
56 percent – Farms or Ranches
30 percent – Personal Use
3 percent – Boarding, Training or Riding Facilities
2 percent – Breeding Operations
The University of Kentucky’s Ag Equine Programs Director and Project Lead, Jill Stowe, said the horse industry is one of the most important sectors in the Commonwealth’s Ag Industry.
Stowe said a study like this hasn’t been done in 35 years.
"When the recession hit a few years ago," Stowe said, "We couldn’t tell how much the industry was contracting because we didn’t have any numbers to compare it to. But now we have that benchmark so that going forward we can."
The report shows there is a concentration of horses in the Bluegrass area. The top 10 counties in Kentucky with equine acres are (from most to least): Fayette, Bourbon, Woodford, Scott, Grant, Oldham, Grayson, Warren, Boone and Carter.