The Stud Farm in Đakovo was established in 1506 which qualifies it to be among the oldest stud farms in Europe and proves a long tradition of horse breeding in this area. Horses of the Lipizzan breed have been bred in the Stud Farm since the beginning of the 19th century.

Today as the State Stud Farm Đakovo, the institution uses two locations for horse breeding and horse selection – one of which is Stallion Station, located at the heart of Đakovo and the second one Ivandvor, in the immediate vicinity of the town. Apart from breeding and selecting horses, the Stud Farm offers dressage services whose quality has been confirmed by conquering noteworthy rankings in horse competitions.

The Lipizzaner horses from Đakovo have performed in numerous events in the world thus representing Đakovo and the Đakovo region. Consequently, after performing at the opening ceremony of a past Olympic Games. Queen Elizabeth II visited the Đakovo Stud Farm in 1972 and was driven through Đakovo in their famous four-horse carriage. The Queen is an excellent connoisseur of these noble animals and was amazed with the performance of the Đakovo Lipizzaner horses.