Blog Post

U.S. could lose $231B over 10 years if both ASF, FMD break

If the United States broke with African swine fever and foot and mouth disease, the cumulative impact on the pork and beef sectors over 10 years ranges from $79.5 billion for ASF alone to $231 billion for an ASF-FMD dual outbreak. According to Iowa State University Economist Dermot Hayes, losses would average between $7.5 billion (ASF scenario) and $23.1 billion (ASF-FMD scenario) per year.

“Exports would be lost and some of the product that might have gone to China would be rendered, making it very useless or losing a lot of value. But a lot of the muscle meat would end up on the…

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