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CABI Book Chapter

The economics of livestock disease insurance: concepts, issues and international case studies.

Book cover for The economics of livestock disease insurance: concepts, issues and international case studies.

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...

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Chapter 19 (Page no: 233)

Modelling the impact of compulsory foot and mouth disease insurance in the European Union.

This chapter compares two ways of financing the programmes to combat foot and mouth disease in the EU and uses a simulation model to determine the welfare and production implications of the two systems. The two systems analysed are: (1) a purely tax-financed system, where all costs for preventive measures and combating FMD outbreaks are financed by the member state governments and partly reimbursed by the EU; and (2) a compulsory insurance scheme where all costs are converted into regionally differentiated insurance premiums that are paid solely by the producers. Results of the Common Agricultural Policy Regional Impact Analysis (CAPRI) model show that the quantitative effects of compulsory insurance on production are small, but net welfare is increased except in Denmark, Greece, Ireland, and the Netherlands (because of high-density production in those countries).

Other chapters from this book

Chapter: 1 (Page no: 1) Economics of livestock disease insurance - principles, issues and worldwide cases. Author(s): Hoag, D. L. Thilmany D. D. Koontz, S. R.
Chapter: 2 (Page no: 19) The role of USDA-APHIS in livestock disease management within the USA. Author(s): Grannis, J. L. Bruch, M. L.
Chapter: 3 (Page no: 29) The role of public policy in controlling animal disease. Author(s): Sumner, D. A. Bervejillo, J. E. Jarvis, L.
Chapter: 4 (Page no: 39) Incentive compatibility in risk management of contagious livestock diseases. Author(s): Gramig, B. M. Barnett, B. J. Skees, J. R. Black, J. R.
Chapter: 5 (Page no: 53) Insurability conditions and livestock disease insurance. Author(s): Shaik, S. Barnett, B. J. Coble, K. H. Miller, J. C. Hanson, T.
Chapter: 6 (Page no: 68) Issues associated with US livestock disease compensation in the 21st century. Author(s): Ott, S.
Chapter: 7 (Page no: 82) Conceptual issues in livestock insurance. Author(s): Turvey, C.
Chapter: 8 (Page no: 101) Data requirements for domestic livestock insurance. Author(s): Green, J. W. Driscoll, J. L. Bruch, M. L.
Chapter: 9 (Page no: 115) Public and private schemes indemnifying epidemic livestock losses in the European Union: a review. Author(s): Asseldonk, M. A. P. M. van Meuwissen, M. P. M. Huirne, R. B. M. Wilkens, E.
Chapter: 10 (Page no: 126) Designing epidemic livestock insurance. Author(s): Meuwissen, M. P. M. Asseldonk, M. A. P. M. van Skees, J. R. Huirne, R. B. M.
Chapter: 11 (Page no: 141) The German system of compensating animal keepers in cases of outbreaks of animal diseases. Author(s): B├Ątza, H. J.
Chapter: 12 (Page no: 145) Managing the risks and impacts of animal diseases in the Australian livestock sector. Author(s): Neumann, G. B. Keogh, R. C.
Chapter: 13 (Page no: 158) Livestock industry insurance: Canada. Author(s): Stephen, B. Epps, T.
Chapter: 14 (Page no: 164) The current state of US federally supported livestock insurance. Author(s): Hart, C.
Chapter: 15 (Page no: 181) Livestock disease eradication programmes and farm incentives: the case of bovine tuberculosis. Author(s): Wolf, C. A.
Chapter: 16 (Page no: 193) Economic impacts of eradicating scrapie, ovine progressive pneumonia and Johne's disease on US sheep, lamb, sheep meat and lamb meat markets. Author(s): Seitzinger, A. H. Paarlberg, P. L. Lee, J. G.
Chapter: 17 (Page no: 207) Understanding broader economic effects of livestock insurance and health management: impacts of disease outbreak on allied industries. Author(s): Pritchett, J. Thilmany, D. Johnson, K.
Chapter: 18 (Page no: 222) US livestock industry's views on livestock disease insurance. Author(s): Grannis, J. L. Green, J. W. Bruch, M. L.
Chapter: 20 (Page no: 252) Investigating the feasibility of livestock disease insurance: a case study in US aquaculture. Author(s): Coble, K. H. Hanson, T. R. Sempier, S. H. Shaik, S. Miller, J. C.