Will an incentive-compatible indemnity policy please stand up? Livestock producer willingness to self-protect

Transbound Emerg Dis. 2020 Nov;67(6):2713-2730. doi: 10.1111/tbed.13626. Epub 2020 Jul 10.

Abstract

This study evaluates the role of private market signals and conditional indemnity policies in livestock producer willingness to self-protect against disease and invest more in biosecurity. Our focus on Tier 1 swine diseases and U.S. hog producer decision-making is timely and informative for a multitude of current disease discussions. We find biosecurity effort adjusts to economic incentives in private, livestock markets and public, indemnity policies.

Keywords: biosecurity; commodity/commodities; disease control; emerging diseases; indemnity policy; trade/effects on trade; transmission.

MeSH terms

  • Animal Husbandry / economics*
  • Animals
  • Insurance / statistics & numerical data*
  • Policy
  • Sus scrofa
  • Swine
  • Swine Diseases / economics*
  • United States