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SEMINAR: The Economic Valuation of Australian Managed and Wild Honeybee Pollinators

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Since the mid 1980’s a limited number of Australian studies have reported the economic value of Australia’s managed and wild honeybee pollinators. Only a few of these studies reported the correct economic value while the bulk of the remainder reported various financial values, including the frequently cited, crop value of honeybee pollinators, which the industry and stakeholders consider to be the economic value. Four Australian studies have correctly reported the economic value. Two of the studies used the appropriate economic model, the Launhardt – Marshall Economic Welfare Model (L‐M Model) to quantify the economic value of managed and wild honeybee pollinators. Two other studies cited the results of the two earlier studies. Roderic Gill (1989) pioneered the use of the L‐M Model using ABS data for the mid 1980’s. He measured the economic value to be between $A 604.8 m and $A 1.209 bn, based on two price elasticities of demand. The upper value has been adopted as the most likely economic value. Gordon and Davis (2003) using 1999‐2000 ABS data updated Gill’s study which included the same number of honeybee pollinated agriculture crops. They calculated an economic value of $A 1.726 bn. The current study which uses 2014‐2015 ABS data, has heeded the sage advice offered by Kevan and Phillips (2001) to comprehensively review and update the “pollination requirements”. This led to the identification of over fifty honeybee dependent agriculture crops, while eliminating other crops once considered honeybee pollinator dependent. Gordon and Davis (2003) following Gill (1989) measured economic value in terms of the benefit producers receive in the presence of honeybee pollinators. This study measures the economic value in terms of the loss consumers experience in the absence of honeybee pollinators brought about by a supply side shock caused by an incursion of the deadly varroa mite onto mainland Australia. This study reports for the first‐time multiple economic values of honeybee pollinators: for Australia, for the individual states and the territories. It also reports the economic value of an arbitrarily selected food crop (strawberries) in a randomly selected region (the Avon region in Western Australia). In 2014‐2015 the economic value of Australian honeybee pollinators was between $A 8.0 bn and $A 19 bn. This economic value is far greater than ABARES’ 2014‐2015 estimate of $A 101m gross value of Australian honeybee production. The results of this study confirm the economic importance of Australia’s managed and wild honeybee pollinators continue to be substantial.
Speaker(s) John M. Karasinski, Lecturer, Curtin Graduate School of Business
Location Agricultural Lecture Theatre, G013 North Wing, Agricultural Building
Contact Maksym Polyakov <[email protected]> : 08 6488 5509
Start Fri, 10 Mar 2017 11:00
End Fri, 10 Mar 2017 11:55
Submitted by Maksym Polyakov <[email protected]>
Last Updated Mon, 27 Feb 2017 14:48
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