Economics Of Animal Diseases

Annotation. Illustrated with review studies on animal health economics, this book presents information on the most important economic tools applied to livestock, covering both theory and practical applications. Topics covered include gross margin analysis, partial budgeting, investment and financial appraisal and cost-benefit analysis. There are also sections on decision tree analysis, optimisation methods, value chain analysis, new institutional economics, DALYs and a range of policy analysis tools. International experts contribute on important theoretical and practical aspects of animal health and production economics, with global themes on livestock and poverty.

Animal health and economics are closely linked. Any decision taken to prevent, control and eliminate an animal disease is based not only on the technical knowledge available about a particular disease but also on the effectiveness and socio-economic aspects associated with interventions and mitigation measures implemented by governments, producers and all the actors along the livestock value chains. Economic rationale drives decisions in assessing particular investments which are likely to result in a benefit for society or for a specific stakeholder, including livestock farmers and communities. These guidelines prepared by FAO will contribute to a better understanding of the importance of economic analysis when assessing the impact of a particular animal disease in production, trade, market access, food security and livelihoods of rural communities, or when designing or implementing an animal health strategy at national, regional or global level. This framework will provide a good communication tool between animal health technicians, veterinarians and economists in developing countries and will encourage a well informed collaboration between veterinarians, animal health experts, economists and social scientists for livestock and socio-economic development. Economic analysis should be an essential part of animal disease policies and disease management strategies.

This book on the economics of livestock disease insurance is organized into three major parts. Following an introduction (chapters 1-2), part II (chapters 3-8) includes a variety of discussions about what is known about how to build a livestock insurance programme. It begins with a look at the conceptual basis for government involvement in the management of livestock diseases, including prevention, control, regulation and eradication. This discussion is picked up by looking at incentive compatibility and insurability conditions in the private sector, emphasizing how livestock disease management is unique. Compensation is also examined, including what losses should be compensated, choosing a method to value the losses, determining the portion of losses to compensate, and outlining a potential role for insurance. Finally, the complexity of the risks at the farm level is demonstrated using a model that evaluates revenue insurance. Part III (chapters 9-20) offers a diverse discussion about disease management issues and programmes in Australia, Canada, Europe and the USA. These chapters include more discussion about how to build economically sound insurance programmes, and observations are based on modelling or observing case studies. The book has a subject index.

A guide to the field of animal health economics and its underlying methodology. Supplied with this book is a diskette, containing practical exercises (in computer spreedsheets) on the various methods and techniques in animal health economics, including production function analysis.

Considering individual animals and herds as economic units makes health an economic consideration. Animal health economics is principally concerned with the economic decision making behind controlling animal diseases, from individual animals and local herds to the national herd and international disease control efforts. Climate change, the spread of exotic diseases, changes in national policies and the emergence of new diseases all impact upon animal health. This book discusses the tools and analysis behind measuring and evaluating animal health at various levels.

Management of farm animal diseases is increasingly important in view of the threats they pose to farm incomes and sometimes even to the viability of farm enterprises, wildlife and humans.

This book provides an overview of the state of animal agriculture and present methodologies and proposals to develop policies that result in sustainable and profitable animal production that will protect human and environmental health, enhance livelihood of smallholders and meet consumer needs. The book combines lessons of the past, factual foundation to understand the present, analytical tools to design and improve policies, case studies that provide both empirical grounding and applications of some of the strategies suggested in this book, and finally, a proposal for the way forward.