Industry Facts

FACTS ABOUT THE THOROUGHBRED INDUSTRY IN KENTUCKY

· Kentucky’s #1 agriculture cash crop with sales in excess of

$1 Billion in 2007

· Economic impact in Kentucky - $4 Billion (2007)

· Export - $306 million (2007)

· Produced 29% of all Thoroughbred foals born annually in

North America (9,800)

· Thoroughbred stallions – 368

· Thoroughbred mares – 20,000 (during the breeding season)

· Average farm - 300 acres

· Employment - 52,000 direct and indirect jobs

· Work force -unskilled to post graduate degrees

· Average gross income - $400,000 with a net income of $50,000

(This is not about wealthy individuals. There are some of wealth, we appreciate

them but mom and pop operations are more the norm.)

· Total Thoroughbred sales at public auction in Kentucky

2007 $1.1 Billion

· The only state in the United States where the horse plays a significant

role in tourism (AHC). Lexington, Fayette county impact on tourism is

$621,000,000 (not all attributable to horses).

· 76% of the Kentucky Derby winners are KY Bred and 8 out of 11

Triple Crown winners (KY Derby, Preakness, Belmont) are KY

Breds. 74% of all Breeders’ Cup winners were sired by a Kentucky

based stallion.

· The only industry in Kentucky that is subject to the 6% sales tax on

the raw products necessary to produce our product, the horse, and

then in some cases taxed on the end product.

· Stallion Fees - $16,000,000 in sales tax 2007

· Feed, Bedding

· Fencing and Farm Implements

· Racing age animals

· Yearlings purchased by KY residents

(out of state residents purchasing yearlings are excluded under Interstate

Commerce Act)