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.
To participate in the survey, please select the appropriate link or code below based on your involvement in the equine sector.
In relation to the surveys for equine-related businesses listed below, examples of equine products and services include veterinary and other equine care and maintenance services, boarding, training, farrier, saddle and bit fitter services, tack equipment and apparel, horse feed and/or supplements, bedding, transportation / trailering services, truck and trailer sales and service, farm equipment/machinery sales and service, farm buildings and fencing, equine insurance, law services, accounting services, etc.
Click HERE or scan the QR code to the right.
Click HERE or scan the QR code to the right.