Project overview: A strategy to increase demand for retired Thoroughbreds in Australia
The Thoroughbred industry in Australia is the second largest in the world, both in terms of breeding and the number of races held. The industry...
THOROUGHBRED HORSES
58 pages
Published: 1 Jun 2001
Author(s): Gordon, Jenny
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The horse industry has made enormous progress over the last five years in coming together
to address industry wide issues and encourage cooperation. The RIRDC Horse Program has
been a catalyst for much of this activity. In early 2000 Mr Martin O’Connor, the then
president of the Australian Horse Industry Council, sought to commission a large study to
estimate the economic contribution of the horse industry. The ACIL (1992) estimate of the
economic contribution of the racing industry of $2.4 billion was the only available estimate
and this clearly did not include a substantial proportion of the industry. However, before
undertaking major expenditure it was considered sensible to undertake a scoping study of
the feasibility of building a general equilibrium model of the industry and the usefulness of
the resulting model. This study is the result of this decision.