Just came across an article from agricultural economist Jayson Lusk, who proposes something just like this. A few quotes:
“Succinctly put, a market for animal welfare would consist of giving farmers property rights over an output called animal well-being units (AWBUs) and providing an institutional structure or market for AWBUs to be bought and sold independent of the market for meat.”
“Moreover, a benefit of a market for AWBUs, as compared to process regulations, is that an AWBUs approach provides incentives for producers to improve animal well-being at the lowest possible cost by focusing producer and consumer attention on an outcome (animal well-being) rather than a particular process or technology (i.e., cages, stalls, etc.). Those issues for which animal activists can garner the largest political support (e.g., elimination of cages) may not be those that can provide the largest change in animal well-being per dollar spent. By focusing on outcomes and letting producers worry about how to achieve the outcome, markets could enable innovation in livestock production methods and encourage producers to seek cost-effective means of improving animal well-being.”
“Animal rights activists often decry the evils of the capitalist, market-based economy. Greedy corporate farms and agribusinesses have enslaved and mistreated billions of animals just to earn a few more dollars—or so the story goes. Market forces are powerful and no doubt the economic incentives that farmers have faced in the last 50 years have contributed to a reduction in animal well-being. But markets are only a means, not an end. Rather than demonizing the market, animal advocates could harness its power to achieve a worthwhile end.”
Just came across an article from agricultural economist Jayson Lusk, who proposes something just like this. A few quotes:
I have major concerns with this class of ideas, but just wanted to share Lusk’s proposal in case anyone looks into it further.