Equine Industry Analysis

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The horse industry has an annual economic impact around $300 billion dollars, 4.0 million horses, and 1.6 million full-time jobs. The industry is always changing in some fashion to keep up with the forever changing industry. Some of the biggest challenges facing the future of the equine industry are as followed, 1) Horse slaughter, 2) Horse Health, 3) Cost and unwanted horses. There are approximately 9.2 million horses in the United States, according to the American Horse Council, and each year a percentage of these horses become unwanted. Each year about 1% of horses are sent to slaughter (Unwanted Horse, 2008), while others indicate it is closer to 1.5%. Until recently, the vast majority of unwanted horses were slaughtered here in the …show more content…

to Mexico for slaughter. With the closure of slaughter plants, the number of unwanted horses has increased at an alarming rate each year. According to the Animal Welfare Council, the cost for caring for unwanted horses will be around $220 million dollars each year, based on 2005 statistics. Bob Goodlatte who represents the Sixth Congressional District of Virginia in the House of Representatives has projected that this number will increase to over $530 million by 2016. Horses can live well into their thirties and, according to the Unwanted Horse Coalition, the low end of the price scale for care of a horse is $1,800 annually. Breaking this down to a daily cost, without any veterinary expenses, it is estimated to be about $5 per day according to American Association of Equine Practitioners. The American Horse Council estimates that the average horse owner owns a horse for about 4.5 years. Many people view horses as they do their dog or cats: a companion animal. When people buy a dog or cat, they keep them for the life of that animal and don’t sell them every four …show more content…

By educating potential and current owners, fewer horses will become unwanted because people will better understand the issues that surround ownership (Persechino AQHA). One of the other ways to solve the unwanted horses is to help find a new purpose for aging horses. Just because they aren’t performing at their peak doesn’t mean their life is over. A lot of retired horses will be donated to different therapeutic riding centers, as long as they are of sound health and mind. This is a great chance for an aging horse to bond with disabled individuals. I was lucky enough to be a part of the riding center at Texas Tech University, which is the elite of the therapeutic riding center. I really enjoyed the hours that I helped out at the center and it was such a joy to see the smile on the faces of the people getting the chance to ride horses. Another way to help change this problem is by donating horses to different colleges. Many colleges will use horses for different programs or for different research ventures. Another option for the horse to have a new career in public service. Several horses are used a police mounts, U.S Border Patrol, park units, prisons and as search-and-rescue

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