UPDATED ESTIMATED ECONOMIC WELFARE IMPACTS OF PORCINE EPIDEMIC DIARRHEA VIRUS (PEDV)

Philip Paarlberg ()
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Philip Paarlberg: Purdue University, Dept. of Agricultural Economics, W. Lafayette, IN

No 14-4, Working Papers from Purdue University, College of Agriculture, Department of Agricultural Economics

Abstract: Estimates of pig loss from Porcine Epidemic Diarrhea Virus (PEDv) determine changes in economic welfare. Hog and pork prices rise, so aggregate returns to hog growers increase. For a 3% annual pig loss, growers gain $1.2 billion annually, while for a 6% annual pig loss, the gain is $2.3 billion. Losses to infected growers are smaller than gains to uninfected growers. Annual returns to hog slaughter fall by $481 to $929 million. Retail value-added falls by $1.1 to $2.2 billion. Annual consumer surplus also declines from $300 to $600 million. The estimated net annual decrease for U.S. economic welfare from PEDv summed across all effects ranges from $900 million to $1.8 billion.

Keywords: Porcine Epidemic Diarrhea; PEDv; Economic Impacts (search for similar items in EconPapers)
JEL-codes: Q1 Q11 Q13 Q18 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pae:wpaper:14-4

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