| Thursday, 7 December 2017 |
Global event

Modelling Network: Market Impact of Foot-and-Mouth Disease Control Strategies: A UK Case Study

12:30 PM

7 December 2017 

12.30 Central European Time 

by Dr Siyi Feng 

Agricultural Economist at Agri-Food and Biosciences Institute (AFBI) in Belfast, Northern Ireland


Economic impact assessments of foot-and-mouth disease control strategies are often based on benefit–cost framework, which provide detailed information on the changes in profit for a farm or budget implications for a government. However, this framework cannot capture price effects caused by changes in production due to culling of animals; access to international markets; and consumers’ reaction. These three impacts combine to affect equilibrium within commodity markets. In light of the increasing interest in the use of vaccination in controlling FMD in countries previously free from the disease, this study uses a partial equilibrium modelling framework based on outputs from an epidemiology model to demonstrate the potential market consequences of alternative FMD control strategies in the case of the UK.

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