FOR IMMEDIATE RELEASE:
Contact: Kathy King
Friday, February 2, 2007
VALUE OF NEW YORK’S EQUINE TOPS
1.83 BILLION DOLLARS
The inventory value of New York State equine was $1.83 billion on December 31, 2005, according to Steve Ropel, Director of USDA’s National Agricultural Statistics Service, New York Field Office. These results are from the first comprehensive state equine survey in 5 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 an eight percent increase from 2000’s inventory value of $1.70 billion. The increase is attributed to larger inventory in 2005. The number of horses, ponies, donkeys and mules totaled 197,000, up 17 percent from the 168,000 head in 2000. All New York equine on December 31, 2006 averaged $9,300 per head.
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 in the coming weeks, and a complete summary publication will be available later this summer. Results as they become available will also be posted on the New York Agricultural Statistics web site (www.nass.usda.gov/ny).