A Comparative Analysis of the Economic Risk of Hybrid Striped Bass Fingerling Production in Ponds and Indoor Tanks

Engle, Carole R.; Sapkota, Pratikshya

doi:10.1080/15222055.2012.685214

Cited by 15 publications

(10 citation statements)

References 30 publications

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“…Specifically, probability distributions were developed for gross yield, FCR, feed price, fingerling price, labor cost, electricity costs, fuel costs, repair and maintenance costs, equipment cost, and interest rates (Table ). Data used for each distribution were tested for normality with the Kolmogorov‐Smirnov test (Engle and Sapkota ; Kumar et al ) using XLSTAT. Two distributions were developed for catfish feed prices given the structural changes in feed prices after 2008: (1) 10‐yr (2004–2013) average feed prices of $350/m.t.…”

Section: Methodsmentioning

confidence: 99%

Economics of Intensively Aerated Catfish Ponds

Kumar

Engle²

2016

J World Aquaculture Soc

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The US catfish industry is evolving by adopting production‐intensifying practices that enhance productivity. Catfish producers have increased aeration rates over time, and some now use intensive rates of aeration (>9.33 kW/ha). Costs and production performance were monitored at commercial catfish farms using high levels of aeration (11.2–18.7 kW/ha) in Alabama, Arkansas, and Mississippi. A multivariate‐cluster analysis was used to identify four different management clusters of intensively aerated commercial catfish farms based on stocking density, size of fingerlings at stocking, and feed conversion ratios (FCR). Breakeven prices of hybrid catfish raised in intensively aerated pond systems were estimated to range from $1.86/kg to $2.17/kg, with the lowest costs associated with the second greatest level of production intensity. The two medium‐intensity clusters generated sufficiently high revenues for long‐term profitability. However, the least‐intensive and the most‐intensive clusters were economically feasible only when catfish and feed prices were closer to less probable market prices. Feed price, FCR, and yield contributed the most to downside risk. Intensive aeration in catfish ponds, up to the levels analyzed in this study, appears to be economically feasible under the medium‐intensity management strategies identified in this analysis.

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Section: Methodsmentioning

confidence: 99%

Economics of Intensively Aerated Catfish Ponds

Kumar

Engle²

2016

J World Aquaculture Soc

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“…Specifically, probability distributions were developed for gross yield, feed conversion ratio (FCR), feed price, fingerling price, labor cost, electricity costs, fuel costs, repair and maintenance costs, equipment cost, and interest rates (Table ). Data used for each distribution were tested for normality with the Kolmogorov–Smirnov test using EasyFit® (MathWave Technologies, Dnepropetrovsk, Ukraine) (Engle and Sapkota ). Two distributions were developed for catfish feed prices given the changes in feed prices since 2008; (1) 10‐yr (2004–2013) average feed prices of $350/MT and (2) 3‐yr (2011–2013) average feed price of $480/MT.…”

Section: Methodsmentioning

confidence: 99%

Costs and Risk of Catfish Split‐pond Systems

Kumar

Engle²,

Tucker

2016

J World Aquaculture Soc

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Split ponds are recently developed pond‐based aquaculture systems that allow intensification of catfish aquaculture. Successful industry‐wide adoption of newly developing technologies like split‐pond systems will depend upon their productivity and cost efficiencies. Costs and production performance of the following three split‐pond design scenarios were monitored in Arkansas and Mississippi: (1) research design developed at the Thad Cochran National Warmwater Aquaculture Center, Stoneville, Mississippi; (2) waterwheel design tested on commercial catfish ponds; and (3) screw‐pump design tested on commercial catfish ponds. An economic engineering approach using standard enterprise budget analysis was used to develop estimates of breakeven prices (BEPs) ($/kg) for producing foodsize hybrid catfish (♂Ictalurus furcatus × ♀Ictalurus punctatus) for each scenario. Estimates of BEPs of hybrid catfish raised in split ponds ranged from $1.72 to $2.05/kg. The cost of catfish production in split ponds was sensitive to yield, fish prices, and feed prices. Annual net cash flows from both commercial split‐pond systems were high and sufficient to make the investment profitable in the long run. Feed price, feed conversion ratio, and yield contributed the most to downside risk of split ponds.

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“…Producing more of our seafood locally in the USA could replace product imported from countries with less rigorous standards, and enhance the sustainability of our food supply. the 2000s focused on economic implications of proposed changes to effluent discharge regulations (Wui and Engle 2004), prohibition of interstate transport of Black Carp Mylopharyngodon piceus for control of snails that are intermediate hosts to parasites of importance to HSB (Wui and Engle 2007), and the economics of fingerling production and risk (Eklund et al 2012;Engle and Sapkota 2012;Sapkota et al 2012Sapkota et al , 2014. No peer-reviewed publications were found on economics topics related to Red Drum farming in the USA.…”

Section: Impact Statementmentioning

confidence: 99%

“…Economics work done in the 1990s resulted in some enterprise budgets and economic engineering‐based analyses for Maryland (Gempesaw et al 1991a, 1991b, 1992) and North Carolina (Dunning and Daniels 2002) and some marketing work (Halbrendt et al 1991, 1992). Work in the 2000s focused on economic implications of proposed changes to effluent discharge regulations (Wui and Engle 2004), prohibition of interstate transport of Black Carp Mylopharyngodon piceus for control of snails that are intermediate hosts to parasites of importance to HSB (Wui and Engle 2007), and the economics of fingerling production and risk (Eklund et al 2012; Engle and Sapkota 2012; Sapkota et al 2012, 2014). No peer‐reviewed publications were found on economics topics related to Red Drum farming in the USA.…”

Section: Introductionmentioning

confidence: 99%

U.S. hybrid Striped Bass and Red Drum farms: Economic effects of the U.S. regulatory framework

Engle,

van Senten

2023

N American J Aquac

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ObjectiveHybrid Striped Bass (HSB) and Red Drum Sciaenops ocellatus (known commercially as redfish) are important commercial sectors of foodfish production in the USA. The objective of this study was to measure the regulatory compliance burden on U.S. HSB and Red Drum farms.MethodsNational surveys were conducted in 2021 of U.S. hybrid Striped Bass and Red Drum farmers with response rates of 35% and 89% and coverage rates of 37% and 99.8%, respectively.ResultResults showed that the regulatory costs were one of the greatest costs of production, at 22% of total costs on HSB farms and 15% on Red Drum farms. Nationally, the total annual regulatory compliance cost burden was US$4.5 million for HSB and $2.2 million annually for Red Drum farms. Per‐farm, the regulatory cost burden was $152,698 ($1.20/kg) on HSB farms and $274,746/farm ($1.44/kg) on Red Drum farms. In addition, lost sales revenue on HSB farms was found to equal 92% of total sales revenue, at $31.3 million, and 54% of total sales revenue on Red Drum farms, at $13.6 million. The regulatory categories of greatest cost were those related to water rights and access, predatory bird management, and effluent discharge regulations.ConclusionRegulatory constraints have likely contributed to the contraction of the HSB sector from 2012 to 2018 and likely dampened the sales growth observed in Red Drum farming over the same time period. Smarter and more cost‐effective approaches to regulatory oversight of U.S. aquaculture are needed that allow for growth to meet increased demand for locally produced food and to remove the economic incentives to import seafood produced under less environmentally sustainable conditions than those in the USA.

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A Comparative Analysis of the Economic Risk of Hybrid Striped Bass Fingerling Production in Ponds and Indoor Tanks

Cited by 15 publications

References 30 publications

Economics of Intensively Aerated Catfish Ponds

Economics of Intensively Aerated Catfish Ponds

Costs and Risk of Catfish Split‐pond Systems

U.S. hybrid Striped Bass and Red Drum farms: Economic effects of the U.S. regulatory framework

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