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Title: Domestic and trade impacts of foot-and-mouth disease on the Australian beef industry
Contributor(s): Tozer, Peter (author); Marsh, Thomas L (author)
Publication Date: 2012
Open Access: Yes
DOI: 10.1111/j.1467-8489.2012.00586.xOpen Access Link
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Abstract: Australia is the sixth largest producer of beef and the second largest exporter of beef. Average beef exports from Australia are approximately 65 per cent of the total amount of beef produced, about 1.3 million tonnes. Australia is particularly vulnerable to diseases that are not endemic to the country and could close or disrupt its export markets for beef. In this study, we construct a bioeconomic optimisation model of the Australian beef industry that captures production and consumption decisions, domestically and internationally, and the impacts on the beef industry of a potentially catastrophic disease, foot-and-mouth disease (FMD). This study analyses localised to large-scale outbreaks and suggests that changes in economic surplus because of FMD range from a positive net gain of $57 million to a net loss of $1.7 billion, with impacts on producers and consumers varying depending on the location of the outbreak, control levels and the nature of any trade ban.
Publication Type: Journal Article
Source of Publication: The Australian Journal of Agricultural and Resource Economics, 56(3), p. 385-404
Publisher: Wiley-Blackwell Publishing Asia
Place of Publication: Australia
ISSN: 1467-8489
Fields of Research (FoR) 2008: 140303 Economic Models and Forecasting
140201 Agricultural Economics
070103 Agricultural Production Systems Simulation
Fields of Research (FoR) 2020: 380203 Economic models and forecasting
380101 Agricultural economics
300205 Agricultural production systems simulation
Socio-Economic Objective (SEO) 2008: 830301 Beef Cattle
910501 Agricultural and Environmental Standards
Socio-Economic Objective (SEO) 2020: 100401 Beef cattle
150401 Agricultural and environmental standards and calibrations
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article

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