Economics of feeding
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Abstract
This chapter aims to introduce concepts and methods in doing economic analysis applicable in aquaculture in general with emphasis in feed production and feeding in aquaculture farms. This chapter discusses the following topics: cost of producing feeds; simple single-input (feeds) and single output (fish) production function; indices for measuring economic efficiency of feeds; the least-cost combination; and linear programming as used in the allocation of limited resources such as feed ingredients that will meet the nutritional requirements of the fish.
Suggested Citation
Agbayani, R. F. (2002). Economics of feeding. In O. M. Millamena, R. M. Coloso, & F. P. Pascual (Eds.), Nutrition in Tropical Aquaculture: Essentials of fish nutrition, feeds, and feeding of tropical aquatic species (pp. 209-221). Tigbauan, Iloilo, Philippines: Aquaculture Department, Southeast Asian Fisheries Development Center.
Contents
- Introduction
- Cost of producing feeds
- Single input and single output production function
- The production function and the cost of production
- Economic efficiency of feeds
- Least-cost combination of feeds
- Minimum cost of feed formulation using linear programming
- Summary
- Guide questions
- Suggested readings