7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department...


^ 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR

This section considers the levels of employment supported by the industry and the value of capital, such as land, buildings and the horses / ponies themselves, used by 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... the industry. In addition to the value of spend on core equine services and products, as detailed in Section 6, these factors are also important considerations in the scale and economic importance of 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... the equine industry. As detailed in the following sub-sections, it is estimated that:



However, these employment levels would not take full account of the employment levels in all the ancillary service industries, which could significantly increase the total employment levels;



The total value of the land used by the equine industry is estimated 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... at c£150 million;






In addition 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department..., the two racecourses at Down Royal and Downpatrick, generate £1.7 million per annum of sales revenue and it is estimated that £6 million of sales revenue is generated from horses / ponies sold annually by 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... the local industry.

7.1Labour

Given the lack of information on the scale and economic contribution of the equine industry, one of DARD’s Economists was asked to advise on the method 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... utilised by DARD for estimating employment levels in the agricultural sector in Northern Ireland.


The new standard labour requirement recommended for horses is 300 hours per year. As there are 1900 hours in a standard 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... labour unit, this equates to 6.3 horses per full time labour unit.


This multiplier was accepted by the Sub-Group as providing the best estimate of employment in the equine 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... sector.


Based upon a total of 35,637 horses, this equates to 5,657 full time equivalents (FTE’s). (FTE’s is a measurement of labour, taking account of both full and part-time employees.)


This figure compares with 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... a total of 2,500 FTE’s reported in the 1986 Magee Report, and 3,300 FTE’s reported for 1995 in the DARD ‘Northern Ireland Equine Industry’ report. – an increase in FTE’s of 71% since 1995. However 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department..., as discussed earlier, there is a lack of statistics on the size and full extent of the industry, and research methodologies have evolved over time. Therefore caution should be applied when directly comparing 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... the exact statistics in these reports, although they still confidently reflect a considerable increase in employment.


Based on the minimum wage of £4.85 per hour for workers aged 22 yrs and 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... over x 37.5 working hours per week x 52 weeks per year, this equates to a labour value of £53,501,077.

^ 7.2Land and Capital


7.2.1Land

The working groups for this study estimated that the average value of 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... land utilised by the equine sector is £5,000 per acre, and that the estimated usage of land is:



Therefore the value of land used by the Спорт Horse 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... / Pony sector is:



Similarly, the value of land used by the 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... Thoroughbred sector is:



On this basis, the total value of land used by the equine industry in Northern Ireland is estimated at £148,485,000, and 29,697 acres. This acreage 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... would not include smaller holdings.


According to DARD statistics, in 2004 Northern Ireland had a total of 2,625,146 acres of agricultural land (ie 1,062,812 hectares at 2.47 acres per hectare)


Therefore the equine industry accounts for 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... 1% - 2% of the agricultural land in Northern Ireland.

^ 7.2.2Buildings and Equipment

The value of the main buildings and major equipment (such as lorries, trailers and horse walkers) used by the Northern Ireland equine sector 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... has been estimated as follows in Table 7-1:


Table 7 9: Building & Equipment Capital Estimates

Description

Assumptions

Computation

Source


Total

£000

Building upgrading/ new builds etc

£1,500 per stable x 20,000 stables

£1,500 x 20,000 = £30,000,000

1







50 indoor arenas x £200,000 each

50 x £200,000 = £10,000,000

1







1,500 outdoor arenas x £10,000 each

1,500 x £10,000 = £15,000,000

1







200 horse 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... walkers x £20,000 each

200 x £20,000 = £4,000,000

1







1,500 lorries x £17,500 each

1,500 x £17,500 = £26,250,000

1







9,000 trailers x £4,000 each

9,000 x £4,000 = £36,000,000

2




Total










121,250

Sources:

1- Спорт Horse workshop 3rd June 2004

2 – Combined Equine Sub-Group meeting 8th July 2004

^ 7.2.3Value of Horses / Ponies

The value of the stock 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department... of horses and ponies in Northern Ireland is estimated as follows in Table 7.2.


Table 7 10: Horses / Ponies Value Estimate

Description

Assumptions

Computation

Source


Total

£000

Value of horses

Thoroughbred

Thoroughbred










Average sale value of £5,000 x number of Thoroughbreds

5,000 x 7,527 = £37,635,000


1

107,910




Спорт Horses/Ponies

Спорт Horses 7.LABOUR, LAND AND CAPITAL IN THE EQUINE SECTOR - Equine sub-group of the rural stakeholder forum and the department.../Ponies










Average sale value of £2,500 x number of спорт horses and ponies

2,500 x 28,110 = £70,275,000







Total










107,910

Sources:

1- combined Equine Sub-Group meeting 8th July 2004

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