Equine Industry Worth $2 Billion in IndianaBy Kentucky Equine Research Staff · May 22, 2012
The economic impact of Indiana’s horse industry is more than $2 billion a year, according to a study conducted by Purdue University and using figures from 2010.
The study considered all aspects of the industry including revenue generated by sales, breeding, feed services, training, riding instruction, transport, showing, boarding, tack supply and repair, facility maintenance, veterinary care, and other expenses related to equine care and management.
Pleasure riders were the largest group of owners, though racing generated the most revenue.
According to the study, equine health care in Indiana has improved since a 2001 survey showed a live foal birth rate of only 85.5% compared to about 95 percent in the recent survey. Primary health concerns were hoof injuries and lameness, colic, and outbreaks of contagious respiratory diseases.