Last week, I was in a planning meeting for next year’s American Association of Swine Veterinarians annual meeting. The obvious topic on the table was PEDv which led to a discussion of the industry risks associated with foreign animal disease (FAD). With approximately 25% of our product exported the risk of FAD to our industry is huge.
If the US should be diagnosed with a FAD such as foot-and-mouth disease, classical swine fever (hog cholera) or African swine fever, all exports would stop immediately under world trade agreements. The impact would be devastating, even if your farm/system/state was not the location of the disease outbreak.
The thought of this devastation to our livestock industries got me to thinking about how one might insure against such a risk.