I think we have a fundamental structural problem. More people live in cities, which also makes that land very expensive. More people who have money live in cities.
As the old owner-operators retire, they sell their land for its current market value as is absolutely appropriate and their right. But the new buyer can’t afford to operate it as a working horse property, at least not including the mortgage. So if it stays a horse property, it’s a loss leader/land holding exercise for the wealthy owner or it is developed into something else.
This translates into fewer and fewer introductory level lesson programs in any discipline that is accessible to new riders (kids or adults). And without those introductory programs, there’s not really a path to horse ownership and much less of a path to horse loving/affiliation.
(Breyer remains a gateway, for now, and Breyerfest, which is this week at KHP, is potentially a way that people make the transition to get excited about seeking out real horses.)
Add to that that kids (and adults) have TREMENDOUS demands on their time and a lot of options, many more options than when I was a kid. These options have the advantage of having their friends doing them, or them having a clear connection to college/career, or being less expensive and more accessible, or all three.
Without beginner-friendly lesson programs near significant population centers, the horse industry will absolutely be shrinking, at at all levels, because without that base there is no top.
Add the concentration of wealth to fewer people in, count how many kids those people have, and well. In rural areas, again, you tend to get landowners who have a fair amount of money with only a few kids, and then a lot of workers who have kids but not much disposable income.
Rural areas remain affordable for having your own but they also rarely have much in the way of expertise or lesson programs. Remote workers may be able to take horses home to these kinds of places now - but I don’t think the next generation of remote workers is getting exposed to horses.
I think what we may end up with, best case scenario, is a handful of areas with horse concentrations, where there is a critical mass of professionals and available land, and where people who want to be around horses tend to migrate. I also think there’s maybe a future in horse resorts, places you go with your one week vacation to maybe get riding lessons, or maybe just fancy trail rides. But without the day to day opportunities to practice, those riders will not be able to develop high level skills.
Making resort type riding centers may be the best way for preserving some accessibility to riding introductions for upper middle class types. Philanthropic type ventures (formally or not) are probably the only ways that kids are going to get to meet horses in the city or even the suburbs, long term.