Approximating the global economic (market) value of farmed animals

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dc.creatorSchrobback, P.
dc.creatorDennis, G.
dc.creatorLi, Y.
dc.creatorMayberry, D.
dc.creatorShaw, A.
dc.creatorKnight-Jones, Theodore J.D.
dc.creatorMarsh, T.L.
dc.creatorPendell, Dustin L.
dc.creatorTorgerson, Paul R.
dc.creatorGilbert, W.
dc.creatorHuntington, B.
dc.creatorRaymond, K.
dc.creatorStacey, D.A.
dc.creatorBernardo, T.
dc.creatorBruce, M.
dc.creatorMcIntyre, K.M.
dc.creatorRushton, J.
dc.creatorHerrero, Maria
dc.date2023-12
dc.date2023-10-09T13:37:44Z
dc.date2023-10-09T13:37:44Z
dc.date.accessioned2026-06-27T16:43:36Z
dc.descriptionUnderstanding 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.
dc.identifierhttps://hdl.handle.net/10568/132177
dc.identifier.urihttp://hdl.handle.net/123456789/131569
dc.languageen
dc.publisherElsevier
dc.rightsOpen Access
dc.sourceSchrobback, P., Dennis, G., Li, Y., Mayberry, D., Shaw, A., Knight-Jones, T., Marsh, T.L., Pendell, D.L., Torgerson, P.R., Gilbert, W., Huntington, B., Raymond, K., Stacey, D.A., Bernardo, T., Bruce, M., McIntyre, K.M., Rushton, J. and Herrero, M. 2023. Approximating the global economic (market) value of farmed animals. Global Food Security 39: 100722.
dc.subjectlivestock
dc.subjectaquaculture
dc.subjectfood security
dc.subjectfood systems
dc.titleApproximating the global economic (market) value of farmed animals
dc.typeJournal Article

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Instituto Internacional de Investigaciones Pecuarias (ILRI)