Farms.com Home   News

Hayes: ASF Could Cost US Billions

By Dermot Hayes
 
A new study from Iowa State University and BarnTools, which calls itself “a digital biosecurity platform company,” estimates an outbreak of African swine fever in this country could cost at least $14 billion over two years and as much as $50 billion over 10 years. Iowa State University economist Dermot Hayes, one of the study’s authors, says the difference in the estimates comes from whether the virus is kept to the wild boar population or if it gets into the domestic pork supply.
 
“In either case, the take home for me is we need to keep this disease out of the country,” Hayes says, “and it’s worth spending a lot of money to do that.”
Source : iastate.edu

Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.