Ask a trainer what changed on the show grounds this year, and the answer is rarely a horse. It is the phone call. A pre-purchase exam that used to fill a Tuesday morning now waits two or three weeks for an opening. The ambulatory practice that once answered at midnight has posted a note capping new clients. None of this shows up in a prize list. All of it shapes what it is actually like to own a competition horse in 2026.
The Math Behind the Silence
The American Association of Equine Practitioners has been tracking the exits for years, and the numbers explain the wait. Of each year's new veterinary graduates, only about 1.3 percent enter equine practice directly, with another 4.5 percent pursuing an equine internship first. Within five years, half of those are gone, most of them to small-animal medicine, some out of veterinary medicine altogether. The AAEP formed a Commission on Equine Veterinary Sustainability in 2022 to study the pipeline; it closed out its work in 2024 having organized its findings around five pressure points: compensation, emergency coverage, practice culture, internship structure, and student support.
Pay has moved. The American Veterinary Medical Association reports that average starting offers for equine practice graduates climbed from about $65,000 in 2021 to roughly $95,000 by 2023. It has not been enough to hold the line, because the complaint was never only about the opening number against a debt load that regularly clears $200,000. A 2025 focus-group study in the Equine Veterinary Journal, led by researchers at Lincoln Memorial University's Gillespie College of Veterinary Medicine with colleagues at the University of Calgary and the University of Tennessee, interviewed 37 current and former equine veterinarians and found the drivers of departure were long hours, a lack of work-life balance, and pay that still trailed expectations relative to companion-animal medicine, not a single fixable number on an offer letter.
1.3 percent of new US veterinary graduates enter equine practice directly, plus 4.5 percent more who take an equine internship first (AAEP)
50 percent of those are gone from equine medicine within five years (AAEP)
$65,000 to $95,000: the rise in average starting offers for equine practice graduates, 2021 to 2023 (AVMA)
52.5 hours: the median UK equine vet's working week, before any on-call time (BEVA survey, 2026)
70 percent of UK equine vets report "chasing their tail" frequently or always (BEVA survey, 2026)
The Same Story, With a British Accent
The pattern is not a US peculiarity, and that matters, because it rules out the easiest explanations: American student debt, American emergency-coverage habits, American practice ownership models. A British Equine Veterinary Association survey of 480 members, published in Equine Veterinary Education in January 2026 by T.S. Mair and colleagues, found a median working week of 52.5 hours before any out-of-hours call, with 70 percent of respondents saying they were "chasing their tail" frequently or all the time and 41 percent saying their practice was simply short-staffed for the workload it carried.
A companion study out of the University of Surrey's School of Veterinary Medicine, published in Veterinary Record in early 2026, surveyed UK veterinarians who had already left equine clinical practice and asked what tipped them out the door. The leading factors were not personal life alone. Unsustainable workload and the requirement for out-of-hours coverage ranked above compensation, ahead even of the "lack of personal time" that respondents also cited. A separate 2025 commentary in the Equine Veterinary Journal, co-written by Tierney Kinnison of the Royal Veterinary College, posed the question in its title without much hedging: is the equine vet a dying breed.
A Sport Asking More of Fewer People
Here is the part the governing bodies have not fully reckoned with: the sport keeps adding veterinary work at the same moment the veterinary workforce is contracting. The FEI's restructured jumping rules for 2026 introduced mandatory fitness-to-compete checks by the Ground Jury in consultation with the Veterinary Delegate for every recorded case of blood on a horse, on top of the hair testing and expanded medication screening USEF has layered into its own rulebook over the same stretch. Each of those additions is defensible on its own welfare merits. None of it was paired with a plan for who actually performs the work when the on-call veterinarian covering a given region is already stretched thinner, across more clients and more miles, than the position was built to handle.
That is not an argument against the rules. Welfare oversight that runs through a veterinarian's judgment is better than oversight that does not. But a governing body that adds mandatory veterinary touchpoints to competition without addressing the capacity to deliver them is writing policy for a workforce it does not have. The credibility of a welfare rule depends on someone being available to enforce it consistently, not just at the FEI five-star shows with veterinary delegates on staff, but at the regional rated show where the in-gate steward is calling around for anyone who can look at a horse that pulled up short.
What It Means at the Barn
For the adult amateur or the upper-level competitor, the shortage is not an abstraction to be solved by someone else's committee. It shows up as a pre-purchase exam booked weeks out instead of days, as an ambulatory practice that no longer takes new clients within an hour of the barn, and as a Saturday-night colic call routed to whichever clinic happens to be covering emergencies that week rather than the veterinarian who actually knows the horse. The BEVA data on burnout and the AAEP data on attrition describe the same experience from the inside of the profession that most owners only see from the outside, in a callback that comes a day later than it used to.
The practical response is unglamorous but real. Build the relationship with an ambulatory veterinarian before an emergency forces the introduction, not during it. Schedule a pre-purchase exam the moment a horse is seriously under consideration rather than the week before a deposit is due. Ask a prospective veterinarian directly how their practice handles after-hours coverage and how many other clients share that coverage, the same way a buyer would ask a trainer about a horse's soundness history. None of it fixes the pipeline. All of it accounts for the fact that the pipeline is not going to fix itself before the next horse show.
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