A PARTIAL ECONOMIC IMPACT ANALYSIS OF ARIZONA'S HORSE INDUSTRY

ACKNOWLEDGMENTS.............................................................................................. v EXECUTIVE SUMMARY........................................................................................... vi Preamble,..................................................................................................................... 1 I. INTRODUCTION.................................................................................................. 2 II. THE STRUCTURE OF ARIZONA’S HORSE INDUSTRY .............................. 4 Direct Effects ...................................................................................................... 4 Indirect Effects .................................................................................................... 6 Induced Effects.................................................................................................... 7 Components,of Arizona’s Horse Industry Included and Not Included .................. 7 III. GENERAL RESEARCH APPROACH AND PROCEDURES ........................... 9 IV. EXPENDITURES OF ARIZONA RESIDENTS FOR OWNERSHIP AND CARE OF PLEASURE HORSES.............................................................10 Costs of Maintenance and Ownership of a Pleasure Horse................................. 10 Summary,of Per Household Costs of Ownership and Maintenance of Pleasure Horses .............................................................................................16 Direct Economic Impact of Pleasure Horse Ownership by Arizona Households ..................................................................................... 17 V. EXPENDITURES OF ARIZONA RESIDENTS AND NON-RESIDENTS ASSOCIATED WITH HORSE RACING...........................................................20 VI. EXPENDITURES OF ARIZONA RESIDENTS AND NON-RESIDENTS AS PARTICIPANTS AND SPECTATORS AT NON-RACING EVENTS .....22