Thursday, 13 August 2020 12:53

Survey Investigates the Economic Impact of COVID-19 on Equine Related Businesses in New York State

SARATOGA SPRINGS — Cornell Cooperative Extension Equine (CCE Equine) and The New York State Horse Council (NYSHC) partnered in mid-March 2020 to create a Covid-19 impact assessment survey for equine-related business owners and managers in New York State. This survey was released in April 2020 with the objective to better understand the perceived economic impact COVID-19 had on New York State Equine- related businesses. 

The target population was businesses, owners or managers of equine-related business in New York State. This included feed suppliers, veterinarians, horse lesson or training facilities, breeding facilities, transportation services and more. The survey had over 500 respondents that indicated owning a business that serves NYS. The majority of respondents indicated their business and being either a lesson or training facility or a boarding facility. 

Business owners and managers were asked to report their annual gross revenue for a typical year; the 70-percent of respondents indicated their annual gross income as being less than $100,000. Respondents also indicated if their business was considered essential under the Pause Plan. Sixty-three respondents (13-percent) reported that their entire business was considered essential while 202 respondents (43-percent) reported parts of their business as being considered essential. 

The questions “How Severe do you expect the effects of COVID-19 to be on your Business?” One hundred fifty respondents (33-percent) reported the effects of COVID-19 to be Extremely Severe, one hundred thirty-eight (29-percent) indicated Very Severe. Sixty-six respondents (10-percent) indicated the effects of COVID-19 to be either slightly severe or not severe at all. There were 231 respondents (49-percent) that indicated they would be somewhat likely or extremely likely to make temporary or permanent reduction to staff due to COVID-19. 

The purpose of this survey was to provide an opportunity for Equine-related businesses owners and managers to report the perceived impact COVID-19 had on their business. It is clear that there is perceived financial distress. Over 30-percent of respondents indicated concern of losing their business while over another 30-percent of respondents indicated they were unsure if they would lose their business due to the COVID-19 crisis. 

Despite the reported struggle equine-related businesses are encountering, 73-percent indicated not receiving any financial benefit for programs, loans, or tax credits to offset losses. Respondents reported “applied for funding but haven’t heard back” and “applied for ppp but haven’t received any monies as of yet;” thirty-seven percent of respondents reported needing financial assistance to keep daily activities of their business going. This survey provides insight to the equine industry and the economic distress that is occurring. 

One respondent wrote that the crisis was “crippling any source of income, but we continue to have all of our normal expenses as horses continue to be fed and cared for which is a high expense...” 

Businesses are clearly indicating financial concern and more information is required to better understand the severity of the crisis on the equine industry. Any questions can be sent to Brieanna Hughes, CCE Equine Resource Educator at This email address is being protected from spambots. You need JavaScript enabled to view it. or Sarah Collier, NYSHC Recording Secretary, at This email address is being protected from spambots. You need JavaScript enabled to view it.. 

If you are an Equine-Related business owner or manager looking for related resources, please visit the links below for more information or contact Brieanna Hughes at This email address is being protected from spambots. You need JavaScript enabled to view it., 518-885-8995, visit our Facebook page at www.facebook.com/cceequine at www.cceequine.com. 

Read 931 times
Login to post comments

Blotter

  • POLICE A 20-year-old Greenfield man was charged with 10 counts of reckless endangerment in the first-degree, in connection with an alleged shooting incident in the village of Schuylerville Sunday afternoon, Sept. 13. According to the Saratoga County Sheriff's department, Charles L. Bennifield is suspected of firing a shotgun at a residence on Washington Street, which was occupied by 10 people at the time.  No one was injured in the incident.  Bennifield was arraigned at Town of Saratoga Court, and sent to Saratoga County Jail, in lieu of $100,000 cash bail, $200,000 secured bond, or $1,000,000 partially secured insurance bond. John…

Property Transactions

  • BALLSTON SPA 5 America Way, $394,900. MKM Rental LLC sold property to Rebecca Mark and Matthew Hagerman. 8 Zani Lane, $450,000. Greg and Susan Groh sold property to Walter Sankowski and John and Carrie Pearson. 21 Kasey Pass, Unit 21, $276,026. Brookview Court Inc./Pigliavento Builders DBA sold property to Stanley and Shirley Podkulski. 26, 28, 30, 31, 32 33, 34 35, 36, 38, 39, 40, 42, 44, 45, 46, 48Saddlebrook Blvd. $1,054,000. New York Development Group Eastline LLC sold property to Barbera Homes Kelley Farms LLC.  98 Connolly Rd., $300,000. Alan and Mary Darby sold property to Emilio and Jill…
  • NYPA
  • Saratoga County Chamber
  • BBB Accredited Business
  • Saratoga Convention & Tourism Bureau
  • Saratoga Springs Downtown Business Association