Since the establishment of the public institution »Javni zavod Kobilarna Lipica«, the stud farm had made significant progress. The architectural core of Lipica, which was under monumental protection, was renovated and the herd was enlarged.
In 2002, the Lipica Stud Farm was recognised as a breeding organisation, holding the original studbooks of the Lipizzan horse breed.
In May 2005, the Lipica Stud Farm celebrated its 425th anniversary at the central event in May. In 2010, Lipica celebrated its 430th anniversary. In 2011, the stud farm presented its heritage at the newly opened Lipizzaner Museum Lipikum and organised the FEI World Driving Championships for Ponies.
The complete renovation of the historic core and the estate of the stud farm in 2014 and 2015 opened practically the entire estate for visitors. The tree-lined avenues have been revitalised and the historic core with the Manor has been reconstructed. The renovation was extended to the Stables on Borjača, the Jubilee Stable and the so called New Stable, as well as the necessary investments in communal infrastructure. The total value of both projects was 6.6 million euros and represented the largest investment in the stud farm in recent decades. The Republic of Slovenia co-financed them with European funds.
At the renovated hippodrome, Lipica Stud Farm organised the FEI World Driving Championships for Pairs in September 2017. Driver Miha Tavčar competed for the Lipica Stud Farm, won the first place in the marathon, tenth place in the overall standings and the International Lipizzan Federation Cup for the best driver with Lipizzan horses. The Slovenian team, for which Klemen Turk and Mitja Mahorčič and coach Benjamin Aillaud also compete with the Lipizzan pairs, won ninth place. This was the best result in Slovenian equestrian sport so far.
In December 2017, the premiere of the new show A Tale of Lipica followed. The new Act on Lipica Stud Farm, adopted in early 2018, enabled the transition of the former public institution into the Holding Kobilarna Lipica, d.o.o. The company Kobilarna Lipica d.o.o. was established soon after that to implement the public service, fully financed from the state budget.
Efforts for a development step forward in the field of tourism will be given a new impetus in 2020 with the renovation of the Hotel Maestoso with the spa and wellness center. The renovation is scheduled to begin in May 2020, and the hotel will open its doors in the spring of 2021.