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Catering For Compulsory Destruction of Diseased Stock in Australian Aquaculture Through Government and Industry Cost Sharing Agreements

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  • Governments have a responsibility to protect their aquatic aquaculture environment from exotic disease incursion. A primary tool on discovering introduced disease is the use compulsory destruction applied by the veterinary arm of government. While the country's aquatic environment gains a public good benefit from this step, the impacted business is faced with total loss and faces circumstances excluded from aquacultural insurance policies due to sovereign risk. The paper describes the system being proposed in Australian aquaculture industry that would enable the cost of such compulsory destruction incidents to be shared between industry and government, as happens in the terrestrial sector in Australia. However the diversity within the aquaculture sector and the attitudes and risk management perspectives of aquaculturists, post some interesting challenges. Research on economic and risk management issues could assist in this developing policy area.
  • Keywords: Aquaculture Economics and Management, aquaculture, Fisheries Economics, Australia
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  • Mcilgorm, Alistair, Ramana Rallapudi. 2004. Catering For Compulsory Destruction of Diseased Stock in Australian Aquaculture Through Government and Industry Cost Sharing Agreements. Peer Review: No. In: Proceedings of the Twelfth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 20-30, 2004, Tokyo, Japan: What are Responsible Fisheries? Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2004. CD ROM. ISBN 0-9763432-0-7
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