Hosting zoos pay an annual fee – usually US$500,000 to US$1 million each – to keep the pandas for research and exhibition purposes.
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The reason is because China leases the each panda to zoos for $2 million (in panda cost and research). And then there are the habitats the zoos must build, plus the expensive diets they have - oh, and if there's a baby, that's another $600,000 per year.
The Chinese government, which gifted the first pair of pandas - Hsing Hsing and Ling Ling - to the U.S., now leases the pandas out for a typical 10-year renewable term. The annual fee ranges from $1 million to $2 million per pair, plus mandatory costs to build and maintain facilities to house the animals.
Panda diplomacy, in its current form, works like this: China loans pandas to a zoo in the United States or another country, and the zoo pays an annual fee — usually $500,000 to $1 million each — to keep the pandas for at least a few years.
With diplomatic tensions running high between Beijing and a number of Western governments, China appears to be gradually pulling back its pandas from multiple Western zoos as their agreements expire.
Despite her American credentials, Bao Bao is the property of the Chinese government — as are her parents and all other giant pandas in zoos around the world. And if, a few years from now, the US does something that displeases the Chinese government, Bao Bao's parents and her younger brother Bei Bei could be taken away.
Zoos don't get full custody of pandas. Instead, they rent them, signing contracts to pay hundreds of thousands of dollars every year to China. After years of renewing those contracts, the Smithsonian Institution, which oversees Washington's zoo, wasn't able to do so again.
We have read the enlightening NY Times article about how pandas in U.S. zoos are like money pits, though adorable ones. The reason is because China leases the each panda to zoos for $2 million (in panda cost and research).
Beijing currently lends out 65 pandas to 19 countries through “cooperative research programs” with a stated mission to better protect the vulnerable species. The pandas return to China when they reach old age and any cubs born are sent to China around age 3 or 4.
The Chinese government, which gifted the first pair of pandas — Hsing Hsing and Ling Ling — to the U.S., now leases the pandas out for a typical 10-year renewable term. The annual fee ranges from $1 million to $2 million per pair, plus mandatory costs to build and maintain facilities to house the animals.
The pandas cost about $500,000 to care for annually, Kelly said. That's five times more than for Zoo Atlanta's next most expensive animal, the elephant.
The San Diego Zoo returned its pandas in 2019, and the last bear at the Memphis, Tennessee, zoo went home earlier this year. The departure of the National Zoo's bears would mean that the only giant pandas left in America are at the Atlanta Zoo — and that loan agreement expires late next year.