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vannamei
Terry Hanson
Department of Fisheries and Allied Aquacultures Auburn University, Auburn, AL
Presentation
USMSFP bio-economic model as a research and development tool Investment costs Economic analysis of systems Critical factors affecting profitability Conclusions Opportunities for the future
Acknowledgements
Benedict Posadas, MSU Tzachi M. Samocha, Texas A&M Alvin D. Stokes, Waddel Mariculture Center Thomas Losordo, UNC Craig L. Browdy, Novus
Investment Costs
Land
Greenhouse area Waste treatment pond area Office area Land preparation cost
Greenhouse Components
5,000 m2 raceway in GH (2 nursery RW + 8 GO RW ) Greenhouse
Structure Covering Systems Heat / cooling Electrical Shading Controls
Raceways with:
Heating system, drain pipes, and catwalks Mechanical and lab building Air supply
Freight and installation Equity to Bank Financing Ratio is crucial to project viability
Limitations of Analysis
Future conditions are unknown
Assume price conditions Assume loan conditions
Economic Analysis - I
Texas A&M Agri-Life Research Center
out trial in greenhouse-enclosed RWs stocked with juveniles (1.25 g) at a density of 530/m3 & operated with no water exchange Average Treatment Data Used in the Economic Analysis
Growth Yield* Yield** Sur. FCR (g/wk) (kg/m3) (kg/m2) (%) 1.28 1.26 8.96 8.25 4.76 4.52 84.4 1.29 80.3 1.35
Based on RW water volume at harvest (37 m3) Based on RW bottom area of 68.5 m2
Enterprise Budget
Value/Cost, $/lb 1. Gross Receipts 2. Variable Costs 3. Income Above Variable Cost 4. Fixed Cost 5. Total of All Specified Expenses 6. Net Returns Above All Specified Expenses /1 Settling $3.27 $2.22 $1.04 $0.35 $2.57 $0.70 Foam Fractionation $3.27 $2.49 $0.77 $0.40 $2.90 $0.37
Economic Analysis - II
The Oceanic Institute Dr. Shaun Moss and Clete Otoshi Recent Study
Oceanic Institute - Litopenaeus vannamei performance in greenhouse-enclosed RWs stocked at 301/m2 (Trial #1) and 401/m2 (Trials #2 and #3) and grown for 98, 88, and 94 days respectively with no water exchange
Treatment Wt (g) 21.0a 18.5a 17.4b Growth Yield* Yield** (g/wk) (kg/m3) (kg/m2) 1.44 1.48 1.49 7.5 8.4 10.0 5.7 6.4 7.6 Sur. (%) 89.5 80.4 90.6 FCR Water Use (L/kg Shrimp) 187 285 172
Number of crops per year for Trial #1 - 3.6; Trial #2 - 4.0; and Trial #3 - 3.8
*
**
Based on RW water volume at harvest (57 m3) Based on RW bottom area of 75.0 m2
Change in NPV and IRR with 20% Improvement in Critical Production Factors
Grow-out Components
1. GO survival 2. Shrimp price 3. GO stocking density 4. Initial investment 5. GO growth rate 6. Nursery & GO feed 7. Source of financing 8. Nursery survival 9. PL cost
Change
+20% +20% +20% -20% +20% -20% 20/80-0/100 +20% -20%
Conclusions
Many factors affect the COP and financial viability Could be feasible under certain biological and economic conditions Combination of small changes in many growout components can lead to profitability
Genetic selection
Higher yields over time
Marketing opportunities