COVID-19 Impacts on United States Crawfish

Q3 Business, Management and Accounting

Journal of Agricultural and Food Industrial Organization Pub Date : 2022-12-13 DOI:10.1515/jafio-2022-0019

L. Nguyen, A. Schmitz, P. Kennedy

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引用次数: 0

Abstract

Abstract This research determines the impacts of COVID-19 US on crawfish production and consumption for 2020 and 2021 using an Equilibrium Displacement Model. In the US, crawfish is one of the seafood commodities where most production is consumed by domestic consumers (7% of domestic consumption is from imports). Crawfish and rice are complementary. Therefore, the impacts of COVID-19 on crawfish consumption simultaneously influence rice production and crawfish producers and consumers. In the first year of COVID-19 (2020), the reduction in crawfish retail demand caused negative effects on final consumers and producers. However, crawfish consumption recovered significantly in the second year (2021), which could compensate for the loss in 2020. Overall, consumer and producer gains ranged from $549 to $626 million if the COVID-19 pandemic only impacted retail consumption. However, in 2021, the increase in production costs due to higher oil/diesel prices and other input prices caused the farm supply to decrease. As a result, total welfare gains ranged from $200 to $228 million. If the demand in 2021 did not increase, but the crawfish farm supply decreased, consumer and producer losses ranged from $929 to $1045 million. Overall, the total effects of COVID-19 on consumers and producers for 2020 and 2021 depend on its effects in 2021. If the demand in 2021 increased following the decrease in farm supply, consumers and producers would benefit from the shocks of COVID-19 due to higher post-COVID-19 demand.

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新冠肺炎对美国小龙虾的影响

摘要本研究使用均衡置换模型确定了新冠肺炎美国对2020年和2021年小龙虾生产和消费的影响。在美国，小龙虾是国内消费者消费最多的海鲜商品之一（国内消费的7%来自进口）。小龙虾和米饭是互补的。因此，新冠肺炎对小龙虾消费的影响同时影响大米生产和小龙虾生产商和消费者。新冠肺炎第一年（2020年），小龙虾零售需求的减少对最终消费者和生产商造成了负面影响。然而，小龙虾消费在第二年（2021年）大幅复苏，这可以弥补2020年的损失。总体而言，如果新冠肺炎疫情仅影响零售消费，消费者和生产者的收益在5.49亿美元至6.26亿美元之间。然而，2021年，由于石油/柴油价格和其他投入价格上涨，生产成本增加，导致农场供应减少。因此，福利总收益从2亿美元到2.28亿美元不等。如果2021年的需求没有增加，但小龙虾养殖场供应减少，消费者和生产者的损失从9.29亿美元到10.45亿美元不等。总体而言，2020年和2021年新冠肺炎对消费者和生产商的总体影响取决于2021年的影响。如果2021年的需求在农场供应减少后增加，消费者和生产者将受益于新冠肺炎的冲击，因为新冠肺炎疫情后的需求增加。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Agricultural and Food Industrial Organization Business, Management and Accounting-Business, Management and Accounting (all)

CiteScore

3.10

自引率

0.00%

发文量

期刊介绍： The Journal of Agricultural & Food Industrial Organization (JAFIO) is a unique forum for empirical and theoretical research in industrial organization with a special focus on agricultural and food industries worldwide. As concentration, industrialization, and globalization continue to reshape horizontal and vertical relationships within the food supply chain, agricultural economists are revising both their views of traditional markets as well as their tools of analysis. At the core of this revision are strategic interactions between principals and agents, strategic interdependence between rival firms, and strategic trade policy between competing nations, all in a setting plagued by incomplete and/or imperfect information structures. Add to that biotechnology, electronic commerce, as well as the shift in focus from raw agricultural commodities to branded products, and the conclusion is that a "new" agricultural economics is needed for an increasingly complex "new" agriculture.