Economic Impact

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Economic Impact, ID Program Focus of Meeting

The importance of the horse industry in the United States was a focus of the American Horse Council National Issues Forum in April. Horse industry leaders got the chance to meet with Ann Veneman, secretary of the Department of Agriculture.

Study Puts Breeders' Cup Impact at $38 Million

When the Oak Tree Racing Association hosts the 20th Breeders' Cup World Thoroughbred Championships at Santa Anita Park on Oct. 25, more than $38 million in "economic output" will be generated in the Los Angeles area, according to a study by the Los Angeles Economic Development Corporation.

Farm Aid Bill Passes House; Includes MRLS Assistance

Financial and legislative endeavors tied to mare reproductive loss syndrome (MRLS) continue in Kentucky, while in Washington D.C. the farm aid bill, which includes some assistance for people impacted by foal loss and also designates the horse as livestock, passed the House Oct. 4.

Estimate: Foal Losses Could Have $150 Million Impact on Kentucky Economy

With Kentucky's share of the Thoroughbred foal crop in the United States at an all-time high of nearly 30%, the repercussions of the excessive foal loss that many Central Kentucky farms are experiencing may be felt for years to come. Based on figures compiled by The Blood-Horse, the economic impact of the problem could easily exceed $150 million, if foal losses amount to 20% of the anticipated 2002 crop. A 1997 national economic impact study conducted by Barents estimated the Kentucky breeding sector to be a $900 million industry annually.

Estimate: Foal Losses Could Exceed $150 Million Impact on Kentucky Economy

With Kentucky's share of the Thoroughbred foal crop in the United States at an all-time high of nearly 30%, the repercussions of the excessive foal loss that many Central Kentucky farms are experiencing may be felt for years to come. Based on figures compiled by The Blood-Horse, the economic impact of the problem could easily exceed $150 million, if foal losses amount to 20% of the anticipated 2002 crop. A 1997 national economic impact study conducted by Barents estimated the Kentucky breeding sector to be a $900 million industry annually.

Account Wagering, Tax Reduction Bill Introduced in Arkansas

"Recognizing Oaklawn's significant contributions to tourism and retirement in Arkansas and an increased challenge to compete with race tracks in surrounding states," state senator Terry Smith (D-Hot Springs) filed a two-pronged pari-mutuel bill Thursday in an effort to protect Oaklawn's economic contributions to Arkansas. If passed, Senate Bill 602 would amend the state privilege tax rate on pari-mutuel wagering on horse racing, while also authorizing Oaklawn Park in Hot Springs and Southland Greyhound Park in West Memphis to conduct account wagering.

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