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. Economic losses can occur through loss of recreational and tourism revenues. When economic costs of invasions are calculated as production loss and management costs, they are low because they do not consider environmental damage; if monetary values were assigned to the extinction of species, loss in biodiversity, and loss of ecosystem services, costs from impacts of invasive species would drastically increase. It is often argued that the key to invasive species management is early detection and rapid response. However, early response only helps when the invasive species is not frequently reintroduced into the managed area, and the cost of response is affordable.
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. Economic losses can occur through loss of recreational and tourism revenues. When economic costs of invasions are calculated as production loss and management costs, they are low because they do not consider environmental damage; if monetary values were assigned to the extinction of species, loss in biodiversity, and loss of ecosystem services, costs from impacts of invasive species would drastically increase. It is often argued that the key to invasive. species management is early detection and rapid response. However, early response only helps when the invasive species is not frequently reintroduced into the managed area, and the cost of response is affordable.