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Economics of Aquaculture presents basic economic theory in a concise and logical format which is easily adaptable to practical application. Examples of economic solutions to common problems help you understand the need for economic application to aquaculture and the success that may come with sound economic planning and management. It also provides coverage of virtually all basic principles of microeconomics, farm management finance, and marketing applicable to the aquacultural industry. You will “walk” through the intricate maze of decisions which are necessary for success in the business environment.The regular and on-going business of aquacultural production and marketing is addressed as a continuous problem set for the student or producer. Business decisions are shown to be logical extensions of those in production and vice versa. A successful producer must be a successful business person if production is to remain an option. Thus, the real and logical need for economics in production is carefully presented.Additionally, producers and students alike will find that application of careful economic planning results in long-term viability for individual producers as well as community projects, cooperatives, or even governmental projects. Special sections in the book illustrate the savings or costs of right and wrong decisions as well as those related to short versus longer term planning and investment. Other topics covered in this book include: role of aquaculture in economic development fish demand and supply farm management and operation time value of money in the short- and long-term capital budgeting market structure and price theory government in aquacultureAlong with students, other readers will find the business help they need in Economics of Aquaculture. Professional aquaculturalists will find the topics of basic production economics, marketing, and cost analysis particularly relevant and governmental administrators will find the presentation of basic principles, time value of money, capital budgeting, and the role of government in aquaculture a valuable resource for years to come.
Until the First Edition of World Fish Farming: Cultivation and Econom ics was published several years ago, there was little or no economic and technical information on commercial aquaculture either by countries or by species. I tried at that time to partially fill the gap in the literature. In this Second Edition, I have updated data originally presented and increased the scope by adding new countries. New trout data have been added for 10 western European countries; sections on cost of production of food-sized catfish and fingerlings in the USA; new and improved chapters for Japan, Hungary, Indonesia, the Philippines, and the United Kingdom; and com pletely new chapters pertaining to Poland, Thailand, and Czechoslovakia have all been added to this edition. The book now includes 31 countries, including all major producing ones. Between 5. 5 and 6. 0 million metric tons of finfish, shrimp, and crayfish cultured production are represented, which accounts for about 909c of the world's total. The People's Republic of China and the USSR, as well as countries on the continents of Europe, Asia, North America, and Oceania, are represented. Because of only minimal reported cultured fish production in Africa and South America, these continents have been omitted. Also, according to information received from New Zealand, there is no culturing offish in that country other than for restocking of public waters. More than 100 species of cultured fish, seven species of shrimp and prawns, and six species of crayfish are discussed.
Integrated farming in Asia is either considered an eco-friendly good that should be preserved for environmental reasons or a poor practice that will soon be superseded by industrial aquaculture. This report finds that most livestock-fish integration is sound business conducted by entrepreneurs accessing urban markets where the price of fish is relatively low. It can be used as part of a strategy to reduce environmental impacts of intensive livestock production and to produce low-cost food. Farmers have proved adept at both developing their systems to meet their own needs and diversifying the role of ponds, fish and livestock within their complex livelihoods.