Kentucky is home to 242,400 horses and the total value of the state's equine and equine-related assets is estimated at $23.4 billion, according to the 2012 Kentucky Equine Survey.

The comprehensive statewide survey of all breeds of horses, ponies, donkeys and mules was the first such study since 1977. Conducted between June and October 2012 by the Kentucky field office of the National Agricultural Statistics Service, with support and assistance by the University of  Kentucky College of Agriculture and the Kentucky Horse Council, the survey's results identified 35,000 equine operations and 1.1 million acres devoted to equine use. The results are a snapshot of the 2011 calendar year.

Phase 1 of the study was a statewide survey of equine operations that included an inventory of all breeds of equine, including horses, ponies, donkeys and mules. It included a look at sales, income, expenses and assets of those operations. County-level results from Phase 1 are expected soon. Phase 2 of the project will entail an economic impact analysis of Kentucky's equine industry. Phase 2 information will be available mid-2013.

With regard to the inventory of Kentucky's equine operations, the study determined that 56 percent are farms or ranches and 30 percent are for personal use, while three percent are boarding, training or riding facilities. Breeding operations accounted for two percent.

The vast majority of horses inventoried were light horses (216,300), followed by donkeys and mules (14,000), ponies (7,000) and draft horses (5,100). Thoroughbreds are the most prevalent breed in the state (54,000), followed by Quarter Horses (42,000), Tennessee Walking Horses (36,000), Saddlebreds (14,000), donkeys, mules and burros, Mountain Horse breeds (12,500) and Standardbreds (9,500).

The primary use of the majority of Kentucky's equines is trail riding/pleasure (79,500), followed by broodmares (38,000), horses currently idle/not working (33,000), competition/show (24,500), horses currently growing, including yearlings, weanlings and foals (23,000), racing (15,000), work/transportation (12,500), breeding stallions (3,900) and other activities (13,000).

According to the study, the estimated value of the 242,400 equines in Kentucky is about $6.3 billion. In addition, the estimated value of equine-related assets, including land and buildings, vehicles and equipment, feed and supplies and tack and equestrian clothing, is $17.1 billion, bringing the total value of Kentucky's equine and equine-related assets to $23.4 billion.

The total of all equine-related sales and income for equine operations in 2011 was about $1.1 billion. That total came from sales of all equines, estimated to be $521.1 million, and $491 million in income from services provided, including both breeding and non-breeding services such as training, lessons, boarding, farrier, transportation, purses, incentives, etc.