Welfare Effects of the 2022 U.S. HPAI Outbreak

Peyton Ferrier, Monica Saavoss and Samuel Williamson

No 379006, 2024 Conference, April 22-23, 2024, St. Louis, Missouri from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: Shocks to agricultural markets due to animal disease outbreaks are especially disruptive. We use an Equilibrium Displacement Model (EDM) to estimate the price and welfare effects of the U.S. outbreak of High Path Avian Influenza (HPAI) that reduced turkey production by 9 to 12 percent and egg production by 5 to 7 percent over the last three quarters of 2022. We find that HPAI reduced consumer welfare by $199.2 million for turkey and $3.56 billion for eggs and reduced coarse grain expenditures by $112.3 million.

Keywords: Agricultural and Food Policy; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 27
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nccc24:379006

DOI: 10.22004/ag.econ.379006

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