eChapter Name: Economic Impacts of Animal Diseases
9789358871852
eBook Name: ANIMAL HEALTH ECONOMICS
by M Thirunavukkarasu
9.1 ECONOMIC LOSSES DUE TO ANIMAL DISEASES
Economic considerations are increasingly forcing their way forward in the decision-making processes of animal health management. With the continuing intensification of livestock production systems, the economic implications of livestock diseases have become increasingly important at both farm and national levels, as they represent avoidable waste of scarce resources (McInerney, 1988). From an economic point of view, an animal disease either destroys the basic resources, reduces the attainable output, dwindles the efficiency with which the resources are converted into products, or decreases the economic value of products (McInerney, 1995).
The effects of a disease present in an animal or herd may be manifested by stunted growth, lowered production, delayed maturity, delayed conception, mortality, reduced resource (especially feed) use efficiency, etc. These negative impacts of a disease demand more resource(s) than usual, resulting in higher expenditures for the same output and reduced farm income. Apart from these negative effects at the farm or herd level, animal diseases lead to economic losses at the regional, national, and global levels too by increasing animal mortality, reducing productivity, increasing disease control costs, swelling losses in animal trade, decreasing the market values of livestock and their products, and ultimately ending at food insecurity. These economic impacts of livestock diseases, besides their social impacts, have now been recognized globally, in both developed and developing countries, necessitating quantification of the economic impact of animal diseases as an urgent and important step to support the prevention and control decisions for improved animal health to ensure better rural and global economy.