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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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The Effects of E. Coli 0157:H7, FMD and BSE on Japanese Retail Beef Prices: A Historical Decomposition AgEcon
Saghaian, Sayed H.; Maynard, Leigh J.; Reed, Michael R..
This study examines the time-varying Japanese price reactions to the 2001 Bovine Spongiform Encephalopathy (BSE) discovery, the 2000 outbreak of foot and mouth disease (FMD), and the 1996 E. coli food po isoning events. Historical decomposition of retail-level price-series aids in explaining the behavior of beef prices in a neighborhood (period-by-period time interval) of the three events. This is based on an application of directed acyclic graphs, constructing orthogonal innovations to determine causal patterns behind contemporaneous innovations. The results show the beef safety events had different negative impacts on Japanese retail beef prices, suggesting that consumers understood and differentiated among the health risks. The results provide...
Tipo: Conference Paper or Presentation Palavras-chave: Japan; Beef prices; BSE; FMD; E. coli; Historical decomposition.; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Q11; Q13.
Ano: 2006 URL: http://purl.umn.edu/25580
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