Economic effects of a ban against antimicrobial drugs used in U.S. beef production

摘要

Economic effects for three scenarios of antimicrobial drug use in livestock production--a no-ban scenario and two levels of bans--are examined through cost minimization and a partial equilibrium analysis. Results indicate that regulating antimicrobial drug use in livestock production would increase per-unit custs of producers previously using drugs and reduce beef supplies in the short run, reducing consumer surplus. Producers not previously using drugs would benefit from short-run prices