Economic Benefit and Cost Valuations for Occupational Injury and Fatality Prevention in Agriculture: A Generalizable Framework
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2025/07/01
File Language:
English
Details
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Journal Article:Journal of Agromedicine
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Description:Cost-benefit analysis (CBA) is a toolkit based in applied economic analysis to provide net impact values in dollar terms for direct and indirect benefits minus costs associated with a policy or intervention. CBA can include valuations of lives saved and of lives preserved via fatality and injury avoidance. The application of conceptually correct CBA to agricultural health and safety to date is limited. This article reviews how economic "shadow prices" can be used to estimate costs and benefits of interventions adjusted for farmwork populations relative to a "do nothing" status quo. The article provides a generalizable framework for future analyses of specific interventions, as well as background on tangible valuation methodologies that could contribute to impact analyses and funding requests highlighting the importance of farm health and safety.
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Source:J Agromedicine 2025 Jul; 30(3):436-440
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ISSN:1059-924X
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Pages in Document:6 pdf pages
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Volume:30
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Issue:3
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NIOSHTIC Number:nn:20071431
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Contact Point Address:Anita Alves Pena, Department of Economics, Colorado State University, Colorado School of Public Health, High Plains Intermountain Center for Agricultural Health and Safety, Fort Collins, CO, USA
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Email:anita.pena@colostate.edu
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Federal Fiscal Year:2025
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Performing Organization:Colorado State University - Ft. Collins
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Peer Reviewed:True
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Start Date:20030915
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End Date:20270914
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Main Document Checksum:urn:sha-512:18947a8a589609b43525422601e51d829b0f523de233efd3438dd3c52ad35e6859252bd1064cd8e89ce3d7b8a271eb8366af309ef51be4e3cd474c3087e42fa7
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File Type:
File Language:
English
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