Equine Industry Economic Impact Study
Fund Raising Begins Now!
The Vermont Horse Council is leading a collaborative of equine related businesses and organizations since last year’s Summit to gather economic data about our industry. Working with the UVM Center for Rural Studies, this group has agreed to move forward on a two- part study:
- Measure the economic contribution of annual expenses related to horse ownership, including large purchases such as barn construction, trailer purchases, etc. and gathering “demographic data” about owners;
- Measure the economic impact of the three largest equestrian events in Vermont.
We (the equine industry) need to raise $25,000 to move forward and begin this study in January 2018! This may sound daunting – but we have some donations in hand – and if 150 individuals and businesses donate $100 each we can begin immediately!
You can help – let’s work together to “ git ‘er done!”
- Make a donation
- Ask others to donate
- Support our Spring online Silent Auction by donating products and services – contact Heidi at firstname.lastname@example.org
- Volunteer to help write a grant – contact Heidi at email@example.com
The Vermont Horse Council is facilitating a collaborative of equine industry leaders to study the economic impact of the equine industry in the state of Vermont. Gathering this information was identified as the highest priority of the equine-related business and organization that attended the Equine Industry Summit in October 2016 and 2017. Studies completed in 2002 gathered breed and population information, but we have no current data on economic impact.
The data gathered will:
- Assist businesses applying for loans to expand;
- Assist organizations and businesses applying for grants to support programs and services;
- Provide factual support for industry work with regulatory and legislative processes
The Collaborative includes Karen McKnight of Vermont Morgan Horse Association, Chrissy Rohan, UVM Equine Studies Faculty, Tracy Ostler, Executive Director of Green Mountain Horse Association, Michelle Kingston, owner of Lazy Acres Equine, Phil Van Harreveld, DVM of the Vermont Large Animal Clinic and President of the Vermont Veterinary Medicine Association, Louise Calderwood, agricultural consultant and equestrian, Kate Selby, owner of The Equestry, Emily Corley of Poulin Grain and VHC President Heidi Krantz.
There is no doubt about the need for this project. Little information exists about our industry – no data about the number of horses in this Vermont since 2002, the impact of economic activity related to this industry, how many jobs exist in this sector, or how our industry impacts one of Vermont’s most prized assets, it’s working landscape. Information gathered by this study can support business financing and growth, support for academic programs and research, legislative and regulatory efforts.
The study will capture information through two distinct surveys. First, a survey of Vermont horse owners to gather demographic and economic data. The Second survey will target equestrian visitors to Vermont to learn more about their economic impact by focusing on three of the largest events in the state.
The Collaborative is working with the Center for Rural Studies to develop, administer and report this information. We need to raise $25,000 to cover the costs of the study. We are considering some grant sources, but will appeal to the equine community to raise most of the funds.