In recent years the livestock sector has been hit by a number of high-profile diseases, such as BSE, Foot and Mouth Disease and Avian Influenza. These have had a devastating economic impact on livestock producers and the broader livestock industry. One key response has been a growing interest in livestock disease insurance. However there is a need for greater understanding of private incentives, market impacts, and public policy perspectives on regional, national and international levels, if livestock insurance products and complementary risk management programmes are to be developed.
This book provides a balanced and broad-ranging overview of the economics of livestock disease insurance. It covers both general issues and specific case studies drawn from the USA, Canada, Europe and Australia or focussing on specific issues. The book is unique in addressing this subject and will interest readers in agricultural business and economics, veterinary science and the livestock sector.
Contributors; Acknowledgments; PART I: INTRODUCTION; Economics of Livestock Disease Insurance - Principles, Issues, and Worldwide Cases, D L Hoag, D D Thilmany and S R Koontz, Colorado State University, USA; The Role of USDA-APHIS in Livestock Disease Management within the US, J L Grannis, Animal and Plant Health Inspection Service, USA and M L Bruch, University of Tennessee, USA; PART II: BUILDING A LIVESTOCK INSURANCE PROGRAM; The Role of Public Policy in Controlling Animal Disease, D A Sumner, J E Bervejillo and L Jarvis, University of California, USA; Incentive Compatibility in Risk Management of Contagious Livestock Diseases, B M Gramig, Michigan State University, USA, B J Barnett, University of Georgia, USA, J R Skees, University of Kentucky and J R Black, Michigan State University, USA; Insurability Conditions and Livestock Disease Insurance, S Shaik, B J Barnett, K H Coble, J C Miller and T Hanson, Mississippi State University, USA; Issues Associated with US Livestock Disease Compensation in the 21st Century, S Ott, Animal and Plant Health Inspection Service, USA; Conceptual Issues in Livestock Insurance, C Turvey, Rutgers University, USA; Data Requirements for Domestic Livestock Insurance, J W Green, Animal and Plant Health Inspection Service, USA, J L Driscoll, Watts and Associates Crop Insurance Division, USA and M L Bruch; Public and Private Schemes Indemnifying Epidemic Livestock Losses in the European Union: A Review, M A P M van Asseldonk, M P M Meuwissen, R B M Huirne and E Wilkens; Designing Epidemic Livestock Insurance, M P M Meuwissen, M A P M van Asseldonk, J R Skees and R B M Huirne, Wageningen University, The Netherlands; The German System of Compensating Animal Keepers in Cases of Outbreaks of Animal Diseases, H-J Batza, Federal Ministry of Consumer Protection, Food and Agriculture, Germany. Managing the Risks and Impacts of Animal Diseases in the Australian Livestock Sector, G B Neumann, Geoff Neumann and Associates Pty Ltd, Australia and R C Keogh, Animal Health Australia; Livestock Industry Insurance: Canada, B Stephen and T Epps, Agriculture and Agri-Food Canada, Canada; The Current State of US Federally-Supported Livestock Insurance, C Hart, Iowa State University, USA; Livestock Disease Eradication Programs and Farm Incentives: The Case of Bovine Tuberculosis, C A Wolf, Michigan State University, USA; Economic Impacts of Eradicating Scrapie, Ovine Progressive Pneumonia, and Johne's Disease on US Sheep, Lamb, Sheep Meat, and Lamb Meat Markets, A H Seitzinger, US Department of Agriculture, Animal and Plant Health Inspection Service, USA, P L Paarlberg and J G Lee, Purdue University, USA; Understanding Broader Economic Effects of Livestock Insurance and Health Management: Impacts of Disease Outbreak on Allied Industries, J Pritchett, Colorado State University, USA, D Thilmany and K Johnson; US Livestock Industry's Views on Livestock Disease Insurance, J L Grannis, J W Green and M L Bruch; Modeling the Impact of Compulsory Foot and Mouth Disease Insurance in the European Union, T Jansson, University of Bonn, Germany, B Norell and E Rabinowicz, Swedish Institute for Food and Agricultural Economics, Sweden; Investigating the Feasibility of Livestock Disease Insurance: A Case Study in US Aquaculture, K H Cobel, T R Hanson, S H Sempier, S Shaik and J C Miller, Mississippi State University, USA.