Source: NATIONAL HOG FARMER, 4/3/20
A new study conducted by Iowa State University agricultural economists estimates the economic impact of a hypothetical African swine fever outbreak in the United States. The study replicates the impact of the loss of pork export markets and found an outbreak could cost the swine industry as much as $50 billion over 10 years. Export sales of U.S. pork reached an all-time high in 2019 of $6.95 billion metric tons (5.89 billion pounds), with exports accounting for 26.9% of the market. The export market returns an average $53.51 per head back to U.S. pork producers. For more of this story, click here.
|