A
              1000 pound horse produces about 45 pounds or 0.75 cubic feet of
              manure per day. 50% moisture, manure, urine, bedding
            or other material such as hay, grass, straw, etc. 
          If the manure is not properly processed it may contaminate
            ground water. This may be by spreading on pastures or by being washed
            into water ways from being stored in large piles too close to water
            sources. You may also run the risk of contaminating the water if
            the manure is left in paddocks. 
          Horse
              manure with wood products that is spread on crops or pastures without
              being properly process can run the risk of stunting
            what is being grown on the land. (taken from the Ohio State university
              Extension Service, http://ohioline.osu.edu/agf-fact/0212.html)