The objective of this study is to develop useful economic estimates of the impact of potential restricted-use policies for antimicrobial agents used in swine production as growth promotants. By using a model similar to that used by Wohlgenant, the economic impacts of banning antimicrobials in swine production are measured by the changes in producers’ and consumers’ surplus. It was found that a ban on the use of antimicrobial agents as growth promotants for swine would be costly, totaling $242.5 million annually, with swine producers bearing $153.5 million of the cost in the short run. In the long run, the loss borne by consumers would likely be larger than the
\nloss borne by producers. Based on a 30-year planning horizon and a 4% discount rate, the net present value of these increased costs would be $3.2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
The objective of this study is to develop useful economic estimates of the impact of potential restricted-use policies for antimicrobial agents used in swine production as growth promotants. By using a model similar to that used by Wohlgenant, the economic impacts of banning antimicrobials in swine production are measured by the changes in producers’ and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8882,3694,1456,3145,15514,3873,12251,189,6784,190,583,3457,14556,1062,158,15513,3874,16262,17743,27282,2316,35,509,1131,20911,4874,18011,6053,27223],"class_list":["post-4889","post","type-post","status-publish","format-standard","hentry","category-economics","tag-al","tag-antibiotic","tag-antibiotics","tag-antimicrobial","tag-antimicrobials","tag-banning-subtherapeutic-use","tag-born","tag-consumer","tag-cos","tag-cost","tag-costs","tag-economic-impacts","tag-economic-impacts-of-banning-subtherapeutic-use-of-antibiotics-in-swine-production","tag-feed-efficiency","tag-growth","tag-microbials","tag-mortality-rate","tag-pl","tag-prod","tag-production","tag-sort-loss","tag-swine","tag-swine-producer","tag-swine-production","tag-t","tag-tan","tag-tot","tag-use","tag-use-and-misuse-of-microbials"],"_links":{"self":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/comments?post=4889"}],"version-history":[{"count":0,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/posts\/4889\/revisions"}],"wp:attachment":[{"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/media?parent=4889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/categories?post=4889"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/prairieswine.com\/rsc\/wp-json\/wp\/v2\/tags?post=4889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}