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This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).
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.
Author(s): Schrobback P, Dennis G, Li Y, Mayberry D, Shaw A, Knight-Jones T, Lloyd Marsh T, Pendell DL, Torgerson PR, Gilbert W, Huntington B, Raymond K, Stacey DA, Bernardo T, Bruce M, McIntyre KM, Rushton J, Herrero M
Publication type: Article
Publication status: Published
Journal: Global Food Security
Year: 2023
Volume: 39
Print publication date: 01/12/2023
Online publication date: 05/10/2023
Acceptance date: 25/09/2023
Date deposited: 05/10/2023
ISSN (electronic): 2211-9124
Publisher: Elsevier BV
URL: https://doi.org/10.1016/j.gfs.2023.100722
DOI: 10.1016/j.gfs.2023.100722
Data Access Statement: The data source has been shared as an external link. FAOSTAT (various, specified in manuscript) (Original data)
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