Finally, there are the horse breeders and breed registries like the American Quarter Horse Association (AQHA) and American Paint Horse Association (APHA).

FORBES: WSJ Serves Up Tainted Journalism On Horse Slaughter Plate

Every individual horse adds up: fees to register a foal, and fees to enter the individual in AQHA-sanctioned shows thru its lifetime, etc.

FORBES: Most Read on

Per the Wiki page for AQHA, the American Quarter Horse Association is the largest breed registry in the world, with more than 5 million American Quarter Horses registered.

FORBES: Most Read on

The American Quarter Horse Association and the entities that profit when AQHA profits as well as the four US agencies that manage public lands for federally protected wild horses and burros in the West and along the Atlantic barrier islands and peninsulas.

FORBES: No American Horse Steak for You, Europeans