COVID-19 and the beef market in Latin America: An impact assessment by supply and demand
The impact of COVID-19 on agricultural markets, especially the beef market, represents one of the greatest food security challenges the world is facing in the post-pandemic era and, for this reason, has been widely documented. This study contributes to the literature through a comprehensive impact a...
| Main Authors: | , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2022-11-01
|
| Series: | Frontiers in Public Health |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpubh.2022.1066168/full |
| _version_ | 1797983960225021952 |
|---|---|
| author | Daniela Mejía Tejada Manuel Francisco Díaz Karen Johanna Enciso Valencia Jhon Jairo Junca Paredes Danny Fernando Sandoval Stefan Burkart |
| author_facet | Daniela Mejía Tejada Manuel Francisco Díaz Karen Johanna Enciso Valencia Jhon Jairo Junca Paredes Danny Fernando Sandoval Stefan Burkart |
| author_sort | Daniela Mejía Tejada |
| collection | DOAJ |
| description | The impact of COVID-19 on agricultural markets, especially the beef market, represents one of the greatest food security challenges the world is facing in the post-pandemic era and, for this reason, has been widely documented. This study contributes to the literature through a comprehensive impact analysis of the effects of COVID-19 on both the demand and supply of beef in Latin America and thus provides valuable information for two of the most important links of the beef value chain. Robust econometric methods and a graphic analysis were used that give solidity to the investigation. The analysis used a data panel of supply and demand variables between 2018 and 2022 derived from the US Department of Agriculture. The results suggest that the beef market was strongly affected by the pandemic related health emergency, presenting decreases in both consumption and production. These effects are transitory, however, since the analysis of the post-pandemic data revealed that consumption and production return to normal and seem to grow until smoothing out over time. |
| first_indexed | 2024-04-11T06:55:23Z |
| format | Article |
| id | doaj.art-23c2fb05844c4607a75e2b209126b5b4 |
| institution | Directory Open Access Journal |
| issn | 2296-2565 |
| language | English |
| last_indexed | 2024-04-11T06:55:23Z |
| publishDate | 2022-11-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Public Health |
| spelling | doaj.art-23c2fb05844c4607a75e2b209126b5b42022-12-22T04:39:03ZengFrontiers Media S.A.Frontiers in Public Health2296-25652022-11-011010.3389/fpubh.2022.10661681066168COVID-19 and the beef market in Latin America: An impact assessment by supply and demandDaniela Mejía Tejada0Manuel Francisco Díaz1Karen Johanna Enciso Valencia2Jhon Jairo Junca Paredes3Danny Fernando Sandoval4Stefan Burkart5Universidad EAFIT, Escuela de Economía y Finanzas, Cali, ColombiaThe Alliance of Bioversity International and CIAT, Cali, ColombiaThe Alliance of Bioversity International and CIAT, Cali, ColombiaThe Alliance of Bioversity International and CIAT, Cali, ColombiaThe Alliance of Bioversity International and CIAT, Cali, ColombiaThe Alliance of Bioversity International and CIAT, Cali, ColombiaThe impact of COVID-19 on agricultural markets, especially the beef market, represents one of the greatest food security challenges the world is facing in the post-pandemic era and, for this reason, has been widely documented. This study contributes to the literature through a comprehensive impact analysis of the effects of COVID-19 on both the demand and supply of beef in Latin America and thus provides valuable information for two of the most important links of the beef value chain. Robust econometric methods and a graphic analysis were used that give solidity to the investigation. The analysis used a data panel of supply and demand variables between 2018 and 2022 derived from the US Department of Agriculture. The results suggest that the beef market was strongly affected by the pandemic related health emergency, presenting decreases in both consumption and production. These effects are transitory, however, since the analysis of the post-pandemic data revealed that consumption and production return to normal and seem to grow until smoothing out over time.https://www.frontiersin.org/articles/10.3389/fpubh.2022.1066168/fullpandemicbeef consumptionfood securitybeef productionconsumer behaviorresilience |
| spellingShingle | Daniela Mejía Tejada Manuel Francisco Díaz Karen Johanna Enciso Valencia Jhon Jairo Junca Paredes Danny Fernando Sandoval Stefan Burkart COVID-19 and the beef market in Latin America: An impact assessment by supply and demand Frontiers in Public Health pandemic beef consumption food security beef production consumer behavior resilience |
| title | COVID-19 and the beef market in Latin America: An impact assessment by supply and demand |
| title_full | COVID-19 and the beef market in Latin America: An impact assessment by supply and demand |
| title_fullStr | COVID-19 and the beef market in Latin America: An impact assessment by supply and demand |
| title_full_unstemmed | COVID-19 and the beef market in Latin America: An impact assessment by supply and demand |
| title_short | COVID-19 and the beef market in Latin America: An impact assessment by supply and demand |
| title_sort | covid 19 and the beef market in latin america an impact assessment by supply and demand |
| topic | pandemic beef consumption food security beef production consumer behavior resilience |
| url | https://www.frontiersin.org/articles/10.3389/fpubh.2022.1066168/full |
| work_keys_str_mv | AT danielamejiatejada covid19andthebeefmarketinlatinamericaanimpactassessmentbysupplyanddemand AT manuelfranciscodiaz covid19andthebeefmarketinlatinamericaanimpactassessmentbysupplyanddemand AT karenjohannaencisovalencia covid19andthebeefmarketinlatinamericaanimpactassessmentbysupplyanddemand AT jhonjairojuncaparedes covid19andthebeefmarketinlatinamericaanimpactassessmentbysupplyanddemand AT dannyfernandosandoval covid19andthebeefmarketinlatinamericaanimpactassessmentbysupplyanddemand AT stefanburkart covid19andthebeefmarketinlatinamericaanimpactassessmentbysupplyanddemand |