Assessment of the economic impacts of porcine epidemic diarrhea virus in the United States

dc.contributor.author Schulz, Lee
dc.contributor.author Tonsor, Glynn
dc.contributor.author Schulz, Lee
dc.contributor.department Economics
dc.date 2018-02-17T15:25:53.000
dc.date.accessioned 2020-06-30T02:08:23Z
dc.date.available 2020-06-30T02:08:23Z
dc.date.copyright Thu Jan 01 00:00:00 UTC 2015
dc.date.issued 2015-11-10
dc.description.abstract <p>Porcine epidemic diarrhea virus (PEDV), which first emerged in the United States in 2013, spread throughout the U.S. hog population. Limited preemptive knowledge impeded the understanding of PEDV introduction, spread, and prospective economic impacts in the United States. To assess these impacts, this article reviews the timeline of PEDV in the United States and the corresponding impacts. PEDV is a supply-impacting disease and is not demand inhibiting, as pork demand remained strong since PEDV first appeared. Pig losses reached significant levels during September 2013 through August 2014, with the majority of pork production impacts occurring in 2014. PEDV had differing impacts for subsectors of the pork industry. A budget model demonstrates that producers could have had pig losses and decreases in productivity proportionally smaller than price increases, resulting in net returns above what was expected before the major outbreak of PEDV. Previous literature is reviewed to identify the potential main industry beneficiaries of the PEDV outbreaks in the United States. As a result of reduced volumes of available pig and hog supplies, reductions in annual returns likely occurred for packers, processors, distributors, and retailers. In addition, pork consumers who experienced reduced-supply-induced pork-price increases were likely harmed directly by higher prices paid for pork and indirectly as prices of competing meats were also likely strengthened by PEDV. This article also identifies future considerations motivated by the appearance of PEDV in the United States, such as discussions of industry-wide efficiency and competitive advantage, the future role of PEDV vaccines, enhancement in biosecurity measures, and consumer perceptions of food safety and insecurity.</p>
dc.description.comments <p>This article is from <em>Journal of Animal Science</em> 93 (2015): 5111, doi: <a href="http://dx.doi.org/10.2527/jas2015-9136" target="_blank">10.2527/jas2015-9136</a>. Posted with permission.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/econ_las_pubs/60/
dc.identifier.articleid 1049
dc.identifier.contextkey 8399759
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/60
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/21833
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/econ_las_pubs/60/2015_SchulzLL_Assessment_EconomicImpacts.pdf|||Sat Jan 15 01:14:09 UTC 2022
dc.source.uri 10.2527/jas2015-9136
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Animal Sciences
dc.subject.keywords animal health
dc.subject.keywords economic impacts
dc.subject.keywords PEDV
dc.subject.keywords porcine epidemic diarrhea virus
dc.subject.keywords pork
dc.subject.keywords swine
dc.title Assessment of the economic impacts of porcine epidemic diarrhea virus in the United States
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication 80843e31-c6f0-4f24-9fad-e3d179df190d
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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