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Pest-tolerant crops such as soybeans may not warrant interventions unless the pests are numerous or rapidly increasing. Intervention is warranted if the expected cost of damage by the pest is more than the cost of control. Health hazards may require intervention that is not warranted by economic considerations. [citation needed]
Economic costs from invasive species can be separated into direct costs through production loss in agriculture and forestry, and management costs. Estimated damage and control costs of invasive species in the U.S. amount to more than $138 billion annually. [96] Economic losses can occur through loss of recreational and tourism revenues. [118]
Pest control is the regulation or management of a species defined as a pest; such as any animal, plant or fungus that impacts adversely on human activities or environment. [1] The human response depends on the importance of the damage done and will range from tolerance, through deterrence and management, to attempts to completely eradicate the ...
Replacement cost: Services could be replaced with human-made systems (e.g. restoration of the Catskill Watershed cost less than the construction of a water purification plant) Factor income: Services provide for the enhancement of incomes (e.g. improved water quality increases the commercial take of a fishery and improves the income of fishers)
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