Econometric Research Limited and Harry Cummings and Associates Inc. have been jointly retained to conduct the assessment. The purpose of the study is to demonstrate the value of the overall Ontario agricultural equine industry to the provincial economy by analyzing the direct, indirect, and induced economic impacts of horse ownership, recreation, genetics, exports, and equine-related services.

The results of the study will provide valuable data to policymakers, businesses, and agricultural equine sector stakeholders, helping them make informed decisions about investments, projects, and policies. The economic analysis will help justify expenditures on future projects and initiatives by showing their potential economic benefits, such as job creation, increased revenue, and overall economic growth.

Data collection will occur over the summer, analysis will be conducted in the fall, with a final report produced by the end of 2025.

To demonstrate the value of the equine industry to the provincial economy by documenting the direct, indirect, and induced economic impacts of horse ownership, recreation, and equine-related services.

• Direct impact = the initial capital and on-going operational spending by horse owners and equine facility operators

• Indirect impact = subsequent purchases by suppliers of materials and services (inputs) to the sector 

• Induced impact = results from equine facility and supply chain employees spending their income on consumer goods and services.

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