How Valuable are Antimicrobials for Pig Production? An Econometric Analysis

This study analyzes the economic consequences of reduced antimicrobial use for Danish pig producers. From estimated profit functions, shadow prices of antimicrobials were derived for different groups of farms. Results suggest that the average pig farmer's access to antimicrobials represents an...

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Bibliographic Details
Published inJournal of agricultural and resource economics Vol. 46; no. 3; pp. 509 - S4
Main Authors Jensen, Jørgen Dejgård, Belay, Dagim, Olsen, Jakob Vesterlund
Format Journal Article
LanguageEnglish
Published Logan Western Agricultural Economics Association 01.09.2021
Edition1835
Subjects
Age groups
Antibiotics
Antimicrobial agents
Antimicrobial resistance
Datasets
Drug resistance
Econometrics
Farm Management
Farms
Hogs
Livestock
Livestock industry
Livestock Production/Industries
Productivity
Profits
Public health
Restrictions
Shadow prices
Statistical analysis
Swine production
Denmark
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Summary:This study analyzes the economic consequences of reduced antimicrobial use for Danish pig producers. From estimated profit functions, shadow prices of antimicrobials were derived for different groups of farms. Results suggest that the average pig farmer's access to antimicrobials represents an economic value of around 1.75-4 euro cents for the marginal standard unit dose in the short run on farms with both systematically high and low antimicrobial use but a lower value in the long run, with considerable heterogeneity among farms. Restrictions on antimicrobial use in pig production are likely to imply losses to parts of the Danish pig sector.
ISSN:1068-5502
2327-8285
DOI:10.22004/ag.econ.310520