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A Foot and Mouth Disease Induced Model of US Excess Supply of Beef AgEcon
Yeboah, Osei-Agyeman; Ofori-Boadu, Victor; Salifou, Samaila.
Agriculture is a vulnerable sector of the U.S economy, accounting for 13% of Gross Domestic Product and 15% of employment. It produces quality cheap food for domestic consumption and accounts for more than $65 billion in export revenues. Contagious animal diseases like Foot and Mouth Disease (FMD) are often referred to as economic diseases because of the magnitude of harm they cause producers, local communities and the consequences in international trade. Losses from the 2001 FMD outbreak in the United Kingdom are estimated at $10.7 to $11.7 billion. The total cost of an FMD outbreak is the sum of eradication cost, production losses, and the loss of exports. This paper examines the export effects of a bioterrorist attack such as the introduction of...
Tipo: Conference Paper or Presentation Palavras-chave: Excess supply; FMD; Beef prices; Bioterrorism; Agricultural and Food Policy; Environmental Economics and Policy; International Relations/Trade; Q17.
Ano: 2008 URL: http://purl.umn.edu/46053
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