The Economic Cost of Farm-Related Fatalities in Australia

Abstract

Farm-related fatalities are a significant problem in Australian agriculture. Over the period 2001-2004, there were 404 fatalities that occurred as a direct consequence of visiting, residing, or working on a farm. This study employed a human capital approach to establish the economic costs of farm-related fatalities to the Australian economy. Modeling of direct and indirect costs associated with farm-related fatalities estimated that the 404 traumatic deaths over the period 2001-2004 cost the Australian economy $650.6 million in 2008 Australian dollars (AUD). This equates to 2.7% of the 2008 farm gross domestic product (GDP) due to potentially preventable farm accidents and injuries. Farm..