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Littleton Stud objected to the plans, claiming the dust and noise created would have affected the peace and tranquillity needed for horse breeding.
However, the council planning officer recommended that the proposal be approved and civic chiefs said they faced a difficult decision.
After a three-hour Hampshire County Council meeting the plans were eventually rejected, with Littleton general manager David Bowe delighted by the decision.
David said: I don t think you can expect a planning result one way or the other but we were very happy it ruled in our favour. We were delighted, it was something that we had feared because the stud has been here since 1913 and we just expect to be left to do our business.