Invasive spotted lanternfly could cost Pennsylvania $324 million annually
The spotted lanternfly, an invasive insect that feeds on the sap of fruit, ornamental and woody plants, could cost Pennsylvania’s agriculture and forest products industries $324 million annually.
First discovered in 2014 in southeastern Pennsylvania, it has been confirmed in 45 counties and triggered a state-imposed quarantine.
Researchers with the Pennsylvania Agricultural Experiment Station conducted an economic impact analysis, using data from government reports, crop production experts, industry surveys and interviews with stakeholders.
Their studies found that in the quarantine zone, damage is currently estimated to be $50.1 million per year with a loss of 484 jobs. A worst-case scenario increases these damages to $92.8 million per year with a loss of 927 jobs. If it spreads throughout Pennsylvania, damages could reach as high as $554 million, with a loss of 4,987 jobs.
Link to full statement on website: http://landgrantimpacts.tamu.edu/impacts/show/6156