25 Sep '11, 7pm

Invasive Tree-Killing Insects Cost U.S. Over $3.5 Billion a Year | TreeHugger

Invasive Tree-Killing Insects Cost U.S. Over $3.5 Billion a Year | TreeHugger

Homeowners and taxpayers are picking up most of the tab for damage caused by invasive tree-feeding insects that hide in packing materials, live plants and other goods imported from countries into the United States every year. The authors, which include University of Central Florida Biologist Betsy Von Holle, looked at three types of invasive pests that feed on U.S. trees, the emerald ash borer, gypsy moth, and hemlock woolly adelgid. Using actual costs, researchers calculated the economic damages for five categories: federal governments, local governments, households, residential property value losses and timber value losses to forest landowners. The costs were staggering. The costs of invasive forest insects to local governments is on average more than $2 billion per year and residential property value loss due to forest insects averages $ 1.5 billion a year. The federal ...

Full article: http://www.treehugger.com/files/2011/09/invasive-tree-kil...

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