What is Aquaculture economics how should we calculate?
Question by : What is Aquaculture economics how should we calculate?
I need the manual or guidlines to calculate the total fish production in an year, production cost, selling cost, profit cost analysis. etc…..
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2 Responses to What is Aquaculture economics how should we calculate?
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Hai sherief fo the guidelines of Aquaculture statistics you can go thru the the FAO webpages, where you can find a log of aquaculture needs.
link for FAOSTAT http://faostat.fao.org/
sara
January 21, 2012 at 6:14 am
“Aquaculture Economics” is the economics of analysing aquaculture.
Two contexts are implied by the question:
Industry-level analysis ; and, individual aquaculture-producing-entity analysis.
Total fish production per year:
The sum of all fish/ seafood harvested in a calendar year that is relevant to the analysis-
either industry-wide or for a specific producer.
Production Cost(s):
This includes all variable costs associated with production in a specific time interval, marginal cost(s), and also consideration of the fraction of fixed costs allotted to the time period selected- which includes such costs as plant and equipment, land, and shops and boats associated with production (which arent included in ‘variable costs’). Cost also includes costs of ‘externalities’- which may be challenging to describe and quantify, and may be partly unique to each producer.
Selling Cost:
The costs associated with vending the product(s). Advertising costs are part of selling costs.
Profit-Cost Analysis:
Profit-cost analysis at the industry level utilises aggregated data. Profit-cost analysis for individual aquacultural producers is ‘Managerial Economic Analysis’ and is the economic analysis which guides decision making by specific individual producers. Typically, wholesale pricing of seafood isnt able to be affected very much by individual producers, so prices seen by aquacultural producers for their products are generally given to the individual producers by market conditions rather than through individual producer negotiations to establish prices; Individual producers essentially see
~horizontal demand curves/schedules with the curve/schedule prices ~fixed at the market prices for the specific aquaculture products. Aquaculture producers dont typically have much monopoly power, so there isnt generally need for consideration of price changes because of individual producers’ contribution to market supply.
Selection of optimal producer scale of operations includes all costs- as there are no ‘fixed costs’ in the ‘long run’.
Mike Hammer
January 21, 2012 at 6:37 am