Economic assessment of commercial hatchery production of milkfish (Chanos chanos Forsskal) fry
Abstract
The economic viabilities of two types of commercial hatchery milkfish (Chanos chanos) fry operations were assessed and compared. Based on the actual cost of input, the physical facilities, and the potential production yields, four commercial hatcheries previously used for shrimp (Penaeus monodon fry production were classified as either largeor smallscale operations. Cost-return analysis revealed high profits for both types of operation. The return on investment (54-61 %) and the payback period ( approximately 1.5 years) were comparable between the two types, although a large-scale operation (476 %) had double the working capital return of a small-scale hatchery (221 %). Benefit-cost analysis over a 5-year period also revealed positive and above-baseline discounted economic indicators [net current value = 0.2-2.2 million Philippine Pesos (1 US Dollar = 25 Philippine Pesos); internal rate of return = 88-107 %]. The net benefit-cost ratio of a large-scale operation (2.0) was higher than that of a small-scale hatchery (1.4), suggesting a slight edge in the investment viability of a large-scale hatchery. Compared with a large-scale operation, a small-scale hatchery was more sensitive to changes in the acquisition price of eggs or newly-hatched larvae and in the price of selling hatchery fry. Both types of operation are viable nonetheless when the acquisition cost is P6000 per million eggs or larvae and hatchery fry are sold at P0.50 each. Together, profit and investment in milkfish hatchery fry production appear viable, making milkfish an alternative commodity for production in many abandoned shrimp hatcheries. The limited availability of spawned eggs and larvae for rearing and the quality of hatchery fry are issues requiring urgent attention.
Citation
Garcia, L. M. B., Agbayani, R. F., Duray, M. N., Hilomen-Garcia, G. V., Emata, A. C., & Marte, C. L. (1999). Economic assessment of commercial hatchery production of milkfish (Chanos chanos Forsskal) fry.Publisher
John Wiley and SonsCollections
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Article
Lactate dehydrogenase isozyme patterns during the development of milkfish, (Chanos chanos (Forskal))
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Conference paper
Milkfish research in the Philippines
- In JV Juario, RP Ferraris & LV Benitez (Eds.), Advances in milkfish biology and culture: Proceedings of the Second International Milkfish Aquaculture Conference, 4-8 October 1983, Iloilo City, Philippines, 1984 - Published by Island Pub. House in association with the Aquaculture Dept., Southeast Asian Fisheries Development Center and the International Development Research CentreDevelopment and directions in milkfish (Chanos chanos ) research in the Philippines from 1976 to the present are reviewed and analyzed. The problems of milkfish culture are dichotomous: low productivity vis-a-vis seasons of glut and price fluctuations. To intensify fish production extensive research has been conducted on fertilizer management, reclamation of acid sulfate soils, and pond construction and engineering. Research efforts have also been heavily directed toward increasing fry production through artificial propagation, improvement of fry collecting gear, and increasing fry survival through nutrition, control of parasites, and proper handling. Research on improved icing, packaging, and processing techniques along with market analysis are necessary for maximizing economic returns.
