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Economics of Investing in the Health of Livestock: New Insights

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  • Tisdell, Clem

Abstract

Global populations of livestock have shown substantial increases as result of world development. Therefore, it is appropriate that more attention be given to the economics of animal husbandry. Interventions to improve or maintain the health of livestock are important aspects of such husbandry and are the focus of this paper. It is argued that there is a need to go beyond traditional economic analyses of this subject. In particular, there is a need to analyse the social economic impact of control of livestock diseases not only in terms of variations in markets for livestock products, but in terms of livestock markets themselves. This is more informative. In addition, measures to control livestock diseases should be looked upon as investments in maintaining or improving livestock capital or quality, but this has not been the standard approach to the analysis of the economics of decisions by holders of livestock. As demonstrated in this paper, new insights are attained by approaching the economics of livestock health from these two different perspectives.

Suggested Citation

  • Tisdell, Clem, 1996. "Economics of Investing in the Health of Livestock: New Insights," Animal Health Economics 164580, University of Queensland, School of Economics.
  • Handle: RePEc:ags:uqseah:164580
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    File URL: http://purl.umn.edu/164580
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    References listed on IDEAS

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    1. Ramsay, Gavin, 1997. "Assessing the Effect of Vaccination on Disease Incidence and Severity," Animal Health Economics 164585, University of Queensland, School of Economics.
    2. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Animal Health Programmes and Information Systems," Animal Health Economics 164574, University of Queensland, School of Economics.
    3. Harrison, Steve, 1996. "Cost Benefit Analysis with Applications to Animal Health Programmes: Basics of CBA," Animal Health Economics 164568, University of Queensland, School of Economics.
    4. Ramsay, Gavin, 1996. "Animal Health Information Systems," Animal Health Economics 164576, University of Queensland, School of Economics.
    5. Tisdell, Clem, 1995. "Assessing the Approach to Cost-Benefit Analysis of Controlling Livestock Diseases of McInerney and Others," Animal Health Economics 164425, University of Queensland, School of Economics.
    6. Murphy, Thomas & Tisdell, Clem, 1996. "An Overview of Trends and Developments in the Thai Dairy Industry," Animal Health Economics 164567, University of Queensland, School of Economics.
    7. Harrison, Steve & Tisdell, Clem, 1995. "The Role of Animal Health Programs in Economic Development," Animal Health Economics 164520, University of Queensland, School of Economics.
    8. Harrison, Steve, 1996. "Cost-Benefit Analysis with Applications to Animal Health Programmes: Valuation of Non-Market Costs and Benefits," Animal Health Economics 164573, University of Queensland, School of Economics.
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