Abstract
The economics of aquaculture is reviewed on two levels: micro and macro. Micro-economics in aquaculture deals mainly with the management measures and elements affecting the efficiency of operation at the farm level, while macro-economics addresses the assessment of social benefits and costs of an aquaculture project. If aquaculture is socially beneficial but unattractive to private investors, public support on credit, marketing, extension, training, and research may be appropriate, especially during the early stages of development.
The importance of economic analysis is emphasized since it provides a basis not only in the decision making of the individual farmer, but also in the formulation of aquaculture policies. Thus, greater attention should be focused on the improvement of economic data for analysis.
Article PDF
Similar content being viewed by others
Avoid common mistakes on your manuscript.
References
Bardach, J. E.; Ryther, J. A.; McLarney, W. O.: Aquaculture: The Farming and Husbandry of Freshwater and marine Organisms. Wiley-Interscience, New York 1972.
Chen, C. C.: Economic Analysis of P. Monodon Culture in Taiwan. Agricultural Development Council. Taipei, Taiwan 1980 (In Chinese).
Lawson, R. M.: New Directions in Developing Small-Scale Fisheries. The Agricultural Development Council, Inc., New York 1979.
Panayotou, T.; Wattanutchariya, S.; Isvilanonda, S.; Tokrisna, R.: The Economics of Catfish Farming in Central Thailand. Kasetsart University Research and Development Institute and International Center for Living Aquatic Resources Management. 1982.
Pillay, T. V. R.: State of Aquaculture, 1981. Presented at the World Conference on Aquaculture, held in Venice, Italy 1981.
Shang, Y. C.: Economics of Various Management Techniques for Pond Culture of Finfish. South China Sea Fisheries Development and Coordination Programme. Manila, Philippines 1976.
Shang, Y. C.: Aquaculture Economics: Basic Concepts and Methods of Analysis. Westview Press. Boulder, Colorado 1981a.
Shang, Y. C.: A Comparison of Rearing Costs and Returns of Selected Herbivorous, Omnivorous, and Carnivorous Aquatic Species. Marine Fisheries Review 43, 9 (1981b)
Shang, Y. C.: Freshwater Prawn Production in Hawaii: Practices and Economics. Aquaculture Development Program, State of Hawaii and University of Hawaii Sea Grant College Program. Honolulu, Hawaii 1981c.
Shang, Y. C.: The Economics of Marine Shrimp Farming: A Survey. Presented at the First International Biennial Conference on Warm Water Aquaculture — Crustacea, Brigham Young University — Hawaii Campus, Laie, Hawaii 1983.
Shang, Y. C.; Costa-Pierce, B. A.: Integrated Aquaculture — Agriculture Farming System: Some Economic Aspects. Presented at the World Mariculture Society Meeting held at Washington, DC 1983.
Simon, C. M.: Large Scale Commercial Application of Penaeid Shrimp Maturation Technology. Proceedings of World Mariculture Society, 13, 1983.
Smith, I. R.: A Research Framework for Traditional Fisheries. International Center for Living Aquatic Resources Management. Manila, Philippines 1979.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Shang, Y.C. Aquaculture economics: An overview. GeoJournal 10, 299–305 (1985). https://doi.org/10.1007/BF00462130
Issue Date:
DOI: https://doi.org/10.1007/BF00462130