Foot and mouth disease economic impact assessment on production, export losses and eradication expenditure

The second paper in this three paper session models the impact of a number of foot and mouth disease (FMD) incursion scenarios on production and export revenues of dairy, meat and other products. The guiding principle was big picture, plausible and estimable Key to this was how processors might respond during FMD eradication and how importing countries might respond once New Zealand becomes FMD free again. Government expenditure for FMD eradication and related livestock compensation was estimated for each scenario.