ASF could cost Australia $2.5 billion

Published Mar 27, 2023

Tridge summary

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has conducted an analysis on the potential economic impact of an African swine fever (ASF) outbreak in Australia, looking at two scenarios: one involving the feral pig population, the other the domestic production system. The report also considers the long-term costs of ASF becoming endemic and the factors that could influence these costs. The calculations are meant to help assess the costs and benefits of potential eradication efforts, providing valuable insights into the efforts to prevent ASF from reaching Australia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimated the costs to the economy of two plausible scenarios for an African swine fever (ASF) incursion into Australia - incursions into either the feral pig population or the domestic production system - as well as the costs of ASF becoming endemic. The potential costs of this key threat entering Australia include the costs of eradication, costs to industry until the disease is eradicated, and long-term costs of ASF's presence should eradication prove economically or technically infeasible. These estimates provide insights into the value of keeping ASF out of Australia. Should an incursion occur in the future, the endemic cost could be used to assess the costs and benefits of eradication decisions. ...
Source: Pig 333

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.