Financial Impact of Foot-and-mouth disease outbreaks on pig farms in the Republic of Korea, 2014/2015

Hachung Yoon, Wooseog Jeong, Jun Hee Han, Jida Choi, Yong Myung Kang, Yong Sang Kim, Hong Sig Park, Tim Carpenter

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The financial impact of foot-and-mouth disease (FMD) that occurred in 180 piggeries (100 farrow-to-finish and 80 fattening farms) confirmed infected during the 2014/2015 epidemic in the Republic of Korea was estimated at the farm level. The median loss due to slaughtering of pigs prior to their expected market weights was US$ 71.8 (uncovered compensation–compensation loss) plus US$ 57.3 (foregone net gain) per pig. Median loss per farm was US$ 27,487 (55.6% of total loss) for compensation and US$ 15,925 (44.4%) for foregone net gain. The total loss per farm (median, 25th–75th percentile) was US$ 43,822 (9,767–115,893), which represented 49.4% (11.5–112.8) of the annual net gain of pig farms. The total financial loss in 180 FMD outbreak pig farms was US$ 25.2 million, which was nearly one-half of the control cost (US$ 58.3 million) spent by the Korean government on this epidemic. The findings in this study should help planning to help reduce the impact at the farm level in the Republic of Korea in the future.

Original languageEnglish (US)
Pages (from-to)140-142
Number of pages3
JournalPreventive Veterinary Medicine
Volume149
DOIs
StatePublished - Jan 1 2018

Fingerprint

Foot-and-Mouth Disease
Republic of Korea
foot-and-mouth disease
South Korea
economic impact
Disease Outbreaks
Swine
farms
swine
Cost Control
farrowing
Farms
finishing
slaughter
planning
markets
Weights and Measures

Keywords

  • Financial loss
  • Foot-and-mouth disease
  • Pig farm
  • Republic of Korea
  • Slaughter

ASJC Scopus subject areas

  • Food Animals
  • Animal Science and Zoology

Cite this

Financial Impact of Foot-and-mouth disease outbreaks on pig farms in the Republic of Korea, 2014/2015. / Yoon, Hachung; Jeong, Wooseog; Han, Jun Hee; Choi, Jida; Kang, Yong Myung; Kim, Yong Sang; Park, Hong Sig; Carpenter, Tim.

In: Preventive Veterinary Medicine, Vol. 149, 01.01.2018, p. 140-142.

Research output: Contribution to journalArticle

Yoon, Hachung ; Jeong, Wooseog ; Han, Jun Hee ; Choi, Jida ; Kang, Yong Myung ; Kim, Yong Sang ; Park, Hong Sig ; Carpenter, Tim. / Financial Impact of Foot-and-mouth disease outbreaks on pig farms in the Republic of Korea, 2014/2015. In: Preventive Veterinary Medicine. 2018 ; Vol. 149. pp. 140-142.
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