What is the total impact of the US horse industry?

The correct choice reflects the total impact of the US horse industry, which encompasses various economic activities related to horse breeding, training, sales, competitions, and recreational riding. The figure of $101.5 billion is derived from extensive studies and reports that consider not just the direct economic contributions of the industry, such as sales and employment, but also the indirect and induced impacts on related sectors like agriculture, transportation, and tourism. The horse industry contributes to job creation, generates tax revenue, and supports countless businesses associated with equine activities, illustrating its substantial role in the broader economy. Understanding this total impact is vital for recognizing the significance of the horse industry in the US and its role in supporting communities and economies nationwide.