Invasive Species Management: Foot-and-Mouth Disease in the U.S. Beef Industry

A conceptual bioeconomic framework that integrates dynamic epidemiological-economic processes was designed to analyze the effects of invasive species introduction on decision making in a livestock sector (e.g., production and feeding). The framework integrates an epidemiological model, a dynamic livestock production model, domestic consumption, and international trade. The integrated approach captures producer and consumer responses and welfare outcomes of livestock disease outbreaks, as well as alternative invasive species management policies. Scenarios of foot-and-mouth disease are simulated to demonstrate the usefulness of the framework in facilitating invasive species policy design.