This important book covers economic evaluation of genetic differences in animals, determination of breeding goals within an economic context and economic evaluation of breeding programs. During the last 50 years there have been great advances made in the breeding of domesticated animal species. Most of this work has been achieved through the efforts of geneticists, and often the economic goals of such advances have not been clearly evaluated. Economic Aspects of Animal Breeding redresses the balance and provides a much needed synthesis of this most important subject. The book is divided into five sections: basic concepts; economic evaluation of genetic differences; advanced topics in selection indices; economic evaluation of breeding programs, including biotechnological aspects; crossbreeding and heterosis.

Annotation. Illustrated with review studies on animal health economics, this book presents information on the most important economic tools applied to livestock, covering both theory and practical applications. Topics covered include gross margin analysis, partial budgeting, investment and financial appraisal and cost-benefit analysis. There are also sections on decision tree analysis, optimisation methods, value chain analysis, new institutional economics, DALYs and a range of policy analysis tools. International experts contribute on important theoretical and practical aspects of animal health and production economics, with global themes on livestock and poverty.

"The economic costs and benefits of farm animal production and sustainability versus improving climate change and animal welfare presents one of the most complex dilemmas in agriculture today. This book, by top global authors and experts, outlines the problem whilst making policy-relevant recommendations"--