The Effects of the BSE Outbreak in the United States on the Beef and Cattle Industry PDF Download
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Author: Hyun Joung Jin
Publisher:
ISBN:
Category : Beef industry
Languages : en
Pages : 20
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Book Description
Author: Hyun Joung Jin
Publisher:
ISBN:
Category : Beef industry
Languages : en
Pages : 20
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 1428945202
Category :
Languages : en
Pages : 63
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Book Description
Author: Hyun Joung Jin
Publisher:
ISBN:
Category : Beef industry
Languages : en
Pages : 36
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Book Description
Author: United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
Author: Rong Hu
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The increasing awareness of, and concern over, possible terrorist attacks using biological threats has increased attention and efforts for safeguarding U.S. agriculture. Whether intentional or unintentional, a biological event likely would cause substantial consequences well beyond the U.S. agricultural sector with considerable economic, social, and political costs. One significant impact would involve trade disruptions. This dissertation investigates biosecurity risk impacts with a focus on animal disease outbreaks using data from recent U.S. and Canada bovine spongiform encephalopathy (BSE) cases. An empirical study was carried out on the impact of the North American BSE cases. Using a time series approach, this study detected a significant structural break during the second half of 2003 when two BSE cases were confirmed in North America. Results showed that U.S. beef prices responded to the disruptions in cattle and beef trade caused by the BSE cases. The ban on beef and cattle imports from Canada and the ban on U.S. beef exports were major contributors to the fluctuation in beef prices. This showed that trade disruptions following the BSE discoveries in North America resulted in a supply shift and affected the movement of beef prices afterwards. The study did not find strong evidence that the 2003 North American BSE cases and associated trade disruptions greatly affected per capita beef consumption. In turn, a simulation study was conducted to examine the impact of major BSE outbreaks, associated trade disruptions, and demand shifts on U.S. welfare and the livestock industry. Six alternative scenarios were simulated and compared with the base scenario where there was no trade disruption and demand shift. The six scenarios consisted of various combinations of cattle and beef trade restrictions, livestock production adjustment, and beef demand shift. When beef and cattle trade, and market demand are greatly reduced in the wake of the BSE events in both Canada and the U.S., the impact on the U.S. welfare, meat trade, and regional livestock production would be the greatest. Beef price and production could reduce by 26% and 16% respectively. Regional impact on beef and livestock production would also be substantial in this case.
Author: United States Senate
Publisher:
ISBN: 9781661758127
Category :
Languages : en
Pages : 152
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Book Description
Examining the effects of bovine spongiform encephalopathy (BSE) on U.S. imports and exports of cattle and beef: hearing before the Committee on Agriculture, Nutrition, and Forestry, United States Senate, One Hundred Ninth Congress, first session, February 3, 2005.
Author: Brian Coffey
Publisher:
ISBN:
Category : Bovine spongiform encephalopathy
Languages : en
Pages : 64
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Book Description
Author: Sheldon Rampton
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
Mad Cow U.S.A. shatters the false belief that the government and food industry would never let it happen here. Even as tens of thousands of cows died in Britain, the government denied the risk to human beings. Knowing the similar risk in the U.S., government and industry have managed a successful public relations offensive to keep Americans in the dark. Rampton and Stauber expose, for the first time, the deadly game of "dementia roulette" being played with our food supply.
Author: Stephen R. Koontz
Publisher: CABI
ISBN: 0851990770
Category : Technology & Engineering
Languages : en
Pages : 284
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Book Description
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.
Author: Rachna Gollamudi
Publisher:
ISBN:
Category :
Languages : en
Pages : 126
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Book Description
The first native-born case of Bovine Spongiform Encephalopathy (BSE or commonly known as Mad Cow Disease) in North American continent was reported on 20 May 2003 in central Alberta, Canada. The first case of BSE in the United States was announced on 23 December 2003. My dissertation is divided into three essays on the economic impact of the outbreak of Bovine Spongiform Encephalopathy (BSE) in the United States in December 2003. The first essay focuses on quantifying the impact of the outbreak of BSE in the United States and Canada on the stock returns of major publicly traded agribusiness firms and restaurant companies in the United States. Event study methodology has emerged to be the best way to analyze the impact of such events on the stock prices. The results of the analysis showed that at an aggregate level firms did not respond significantly to the announcement in May 2003 but the same firms did react to the news of BSE in the United States in December 2003. The individual company-wise and the group-wise results were mixed for both May and December 2003 events. The second essay used the techniques of vector error correction models along with historical decomposition techniques to analyze the impact of mad cow disease on the prices in the beef, pork, and poultry markets. To analyze the interdependence in the meat sector, this essay uses the technique of directed acyclic graphs (DAG). The results of the study indicate interdependencies in the beef, pork, and poultry markets in the United States. That is, a shock in one series has an impact on other series too. There is vertical as well spatial price transmission in the meat markets, though the transmission is not perfect. The different speeds of adjustment point to asymmetric price transmission. Also, the magnitude of the mad cow disease shock was different in different markets indicating asymmetry in terms of both speeds of adjustment and magnitude. The focus of the third essay is to test for any structural change in the demand function for US beef in the major US beef importing countries - South Korea, Japan, Canada, and Mexico. This paper estimates a beef export demand function for the United States and conducts tests for structural changes using the Chow test and the CUSUM test.
