New York Equine Inventory Valued at $1.8 Billion

Edited press release

The inventory value of equines in New York was $1.83 billion at the end of 2006, according to the United State Department of Agriculture’s National Agriculture Statistics Service.

Steve Ropel, director of the NASS New York field office, released the results Feb. 1. They are from the first comprehensive state equine survey in five years, and are the result of a cooperative effort supported by the New York Department of Agriculture and Markets and the equine industry.

The total inventory value of $1.83 billion was up 8% from 2000’s inventory value of $1.70 billion. The increase is attributed to larger inventory in 2005, the study said. The number of horses, ponies, donkeys, and mules was 197,000, up 17% from 168,000 in 2000. The average value of each equine in New York as Dec. 31, 2006, was $9,300.

The survey also gathered information about related aspects of New York’s equine industry, including land use, types of equine operations, equine use, value of equine assets, and equine expenditures and revenues. Additional survey results will be available soon, and a complete summary publication will be available later this summer.