Economics
All areas of catfish farm management require economic attention. Economizing the use of expensive production inputs like feed, fingerlings, capital, electricity, and labor is key to farm profitability. The primary objective of this research is to provide suggestions on optimal production strategies suitable for a particular farm’s business goal.
Production research trials investigate the economics and risks of commercially oriented catfish production practices. These production trials are primarily driven by both short-run and long-run industry needs. Economic analysis of on-farm management practices related to nutrition, disease, and water quality are also conducted. Scientists also engage in investigating economic efficiency and investment feasibility of different aquaculture production systems that have commercial importance in the United States. Roles include providing a sound understanding of the farm’s financial bottom lines and developing financial management worksheets for farms upon request.
Topic Areas
- Estimation of Cost of Production
- Economic Contribution Analysis
- Resource Productivity and Cost Efficiency
- Regulatory Cost Burden
- Economic Impact of Avian Predation
- Economic Burden of Specific Catfish Diseases
- Economic Impact of Off-Flavor
- Retail Markets