Evolving beef export market access requirements for age and source verification |
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| Institution: | 1. Department of Agricultural & Resource Economics, Colorado State University, USA;2. Department of Agricultural Economics, Kansas State University, USA;3. Department of Agricultural Economics and Economics, Montana State University, USA;1. School of Labor Economics, Capital University of Economics and Business, Beijing 10070, China;2. Institute for Energy, Environment and Sustainable Communities, University of Regina, Regina, Saskatchewan, S4S 0A2, Canada;3. Water Resources Research Institute, China Institute of Water Resources and Hydropower Research, Beijing 100038, China;4. College of Urban and Environmental Science, Peking University, Beijing 100871, China;5. College of Environmental Economic, Shanxi University of Finance & Economics, Taiyuan 030006, China;1. Mackinnon Project, Faculty of Veterinary and Agricultural Sciences, University of Melbourne, 250 Princes Highway, Werribee, Victoria, 3030, Australia;2. Livestock Breeding and Veterinary Department, Meiktila Township Veterinary Office, Meiktila, Myanmar;3. University of Veterinary Science, Yezin, Myanmar;4. Livestock Breeding and Veterinary Department, Ministry of Agriculture, Livestock and Irrigation, Nay Pyi Taw, Myanmar |
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| Abstract: | We analyze the economic impacts of changes in age and source verification requirements and associated adjustments in international trade of US beef using an equilibrium displacement model. Because the United States lags behind many countries in adopting animal traceability systems, the United States risks losing export market access. The loss of an export market the size of South Korea’s would cause a decline of US meat industry producer surplus of $1751 million over 10 years or 0.23% of its10-year cumulative discounted present value. Additionally, we find that only small increases in US beef exports would be necessary to offset direct costs associated with adoption of age and source verification. |
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| Keywords: | Age and source verification Beef trade Producer surplus Traceability |
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