In Iceland, although breeding of riding horses is the main objective, meat production is going on as well, even though no special consideration has been given to that aspect as far as breeding is concerned. The meat was once a very valuable commodity but has declined somewhat due to increased competition and decreased popularity. Much of the meat is now exported to Japan. In addition to the standard walk, trot and canter, the Icelandic horse has tolt, a running walk similar to the gait found in the American Saddlebred , Paso Fino and Tennessee Walker . Some horses can reach almost 30 miles an hour using this pace.
Diseases are almost unknown among Icelandic horses.
Protection of the horses is assured by the strict regulations of the Icelandic government. No horse which has been taken out of Iceland can come back into the country. Also only new, unused horse equipment may be taken to Iceland. This is to prevent an outbreak of disease which could decimate the population of Icelandic horses. Because Iceland has no predators, but instead is a country with tremendous environmental danger, such as quicksand, rock slides, rivers with changing currents, the ability to assess a situation rather than the instinct to flee, have been central in the survival of the horse.