The economics of shrimp disease

Frank Asche; James L Anderson; Robert Botta; Ganesh Kumar; Eirik B Abrahamsen; Ly T Nguyen; Diego Valderrama

doi:10.1016/j.jip.2020.107397

The economics of shrimp disease

J Invertebr Pathol. 2021 Nov:186:107397. doi: 10.1016/j.jip.2020.107397. Epub 2020 May 21.

Authors

Frank Asche¹, James L Anderson², Robert Botta³, Ganesh Kumar⁴, Eirik B Abrahamsen⁵, Ly T Nguyen², Diego Valderrama⁶

Affiliations

¹ Institute for Sustainable Food Systems, University of Florida, Gainesville, FL, USA; Fisheries and Aquatic Sciences, School of Forest Resources and Conservation, University of Florida, Gainesville, FL, USA; Department of Safety, Economics and Planning, University of Stavanger, Stavanger, Norway. Electronic address: frank.asche@ufl.edu.
² Institute for Sustainable Food Systems, University of Florida, Gainesville, FL, USA; Food and Resource Economics Department, University of Florida, Gainesville, FL, USA.
³ Fisheries and Aquatic Sciences, School of Forest Resources and Conservation, University of Florida, Gainesville, FL, USA; School of Natural Resources and Environment, University of Florida, Gainesville, FL, USA.
⁴ Thad Cochran National Warmwater Aquaculture Center, Delta Research and Extension Center, Mississippi State University, Stoneville, MS, USA.
⁵ Department of Safety, Economics and Planning, University of Stavanger, Stavanger, Norway.
⁶ Department of Environmental Science and Policy, George Mason University, Fairfax, VA, USA.

PMID: 32446865
DOI: 10.1016/j.jip.2020.107397

Abstract

Shrimp is not only one of the world's most valuable aquaculture species, but also a species that encounter high economic losses due to diseases. Diseases are sufficiently important to influence global supply and prices for longer periods. Profitability is the driving force behind shrimp farming and high profits associated with the absence of disease largely determines where shrimp production does take place; i.e. prevalence of disease leads to geographic relocation. In this paper, a basic economic model for the impact of the disease on a shrimp farm is provided and a Monte Carlo simulation is provided to illustrate the impact of disease on economic risk. Improved technologies, knowledge, and governance are important elements utilized in the mitigation of diseases in various shrimp producing countries. Economic aspects such as profitability in the absence and presence of diseases and cost of treatment determines the global production of shrimp along with shaping technologies and production systems.

Keywords: Disease; Economics; Risk; Shrimp.

MeSH terms

Animals
Aquaculture / economics*
Penaeidae / microbiology*
Penaeidae / parasitology*
Penaeidae / virology