Schrobback, Peggy, Dennis, Gabriel, Li, Yin, Mayberry, Dianne, Shaw, Alexandra, Knight-Jones, Theodore, Marsh, Thomas Lloyd, Pendell, Dustin L, Torgerson, Paul R, Gilbert, William 
ORCID: 0000-0002-7450-7643 et al (show 8 more authors)
(2023)
Approximating the global economic (market) value of farmed animals.
Global Food Security, 39.
p. 100722.
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Abstract
Understanding the global economic importance of farmed animals to society is essential as a baseline for decision making about future food systems. We estimated the annual global economic (market) value of live animals and primary production outputs, e.g., meat, eggs, milk, from terrestrial and aquatic farmed animal systems. The results suggest that the total global market value of farmed animals ranges between 1.61 and 3.3 trillion USD (2018) and is expected to be similar in absolute terms to the market value of crop outputs (2.57 trillion USD). The cattle sector dominates the market value of farmed animals. The study highlights the need to consider other values of farmed animals to society, e.g., finance/insurance value and cultural value, in decisions about the sector's future.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Aquaculture, Farmed animals, Food security, Livestock, Market, Non-market value, Total economic value |
| Divisions: | Faculty of Health and Life Sciences Faculty of Health and Life Sciences > Institute of Infection, Veterinary and Ecological Sciences |
| Depositing User: | Symplectic Admin |
| Date Deposited: | 20 Nov 2023 08:47 |
| Last Modified: | 23 Dec 2023 01:57 |
| DOI: | 10.1016/j.gfs.2023.100722 |
| Related URLs: | |
| URI: | https://livrepository.liverpool.ac.uk/id/eprint/3176889 |
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