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Economic Impacts
  

Our Economic Impacts section provides economic impacts for invasive species issues at the national, state and local, and International levels, by species type. See our Spotlights for section highlights.

Use our Economic Impacts Custom Search Engine to search for invasive species information included in this section of NISIC's site:

National Impacts

Provides links to the economic impacts of invasive species at the National level, by species type.

State and Local Impacts

Provides links to the economic impacts of invasive species for Regions, States, and U.S. Territories.

International Impacts

Provides links to the economic impacts of invasive species at the International level, by species type.

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Spotlights
The Economic Cost of Large Constrictor Snakes (Jan 2012; PDF | 687 KB)
DOI. Fish and Wildlife Service.
The U.S. Fish and Wildlife Service, in partnership with many organizations, has spent more than $6 million since 2005 finding and applying solutions to the growing problem of Burmese pythons and other large invasive constrictor snakes in Florida. For more information, see Rule Making to List Four Constrictor Snake Species Under the Lacey Act: Final Economic Analysis (Jan 12, 2012; PDF | 687 KB).
Great lakesResearch Show Invasive Species Cost the Great Lakes Millions: New Paper Assigns Dollar Figure to Effects of Shipborne Invaders (Mar 29, 2012)
University of Notre Dame.
Researchers assigns a dollar figure on the cost to the Great Lakes from invasive species that originate in the ballast water of ocean-going vessels. For the U.S. waters, median damages aggregated across multiple ecosystem services were $138 million per year, and there is a 5% chance that for sportfishing alone losses exceeded $800 million annually. For information, see the journal article Ship-borne Nonindigenous Species Diminish Great Lakes Ecosystem Services.
Study Finds that Local Government, Home Owners Are Paying for Damages Caused by Non-native Forest Insects (Sep 9, 2011)
USDA. FS. Northern Research Station.
Non-native, wood-boring insects such as the emerald ash borer and the Asian longhorned beetle are costing an estimated $1.7 billion in local government expenditures and approximately $830 million in lost residential property values every year, according to study by a research team that included scientists with the U.S. Forest Service, Northern Research Station. This study provides the most comprehensive estimates of the costs of non-native forest insects that are currently available for the U.S.
One study estimates that the total costs of invasive species in the United States amount to more than $100 billion each year. (Pimentel et al., 2005)
Invasive species impact nearly half of the species currently listed as Threatened or Endangered under the U.S. Federal Endangered Species Act. (Pimentel et al., 2005)
Soybean rust damageSoybean Rust Economic Assessment (webarchive)
USDA. Economic Research Service.
Soybean Rust was detected in the United States for the first time in Nov 2004. Soybean rust has reduced yields and raised production costs in major production regions around the world.
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Last Modified: Mar 27, 2014
 
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