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Understanding Catfish Economics: A Guide for Aquaculture Business Success

This guide explores the fundamental economics of catfish farming, covering key assumptions and financial considerations vital for aspiring aquaculture entrepreneurs. It discusses the scale of production, fixed costs, and the importance of having sufficient operating capital during the initial year, where sales revenue is absent. With insights into stocking rates, feed conversion ratios, and survival rates, this comprehensive resource offers strategic advice for maximizing profitability in catfish aquaculture and navigating the challenges of the first year. For further assistance, resources from NCDA & CS and expert contacts are provided.

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Understanding Catfish Economics: A Guide for Aquaculture Business Success

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  1. Introduction to Catfish Economics Matt Parker NCDA & CS Aquaculture Business Specialist

  2. Assumptions • Land is already owned • Fixed costs NOT included • Stock 6000 fingerlings per acre • Size at harvest 1.5 lbs. • Feed conversion ratio 2.0:1 • Survival 80% • Zero sales first year • Sales price of $0.55/lb • Each pond is 10 acres

  3. Initial Investment

  4. First Year of Operation

  5. Years 2 and Beyond

  6. Years 2 and Beyond

  7. Catfish Summary • Economies of scale • Larger your size, the smaller your production cost per pound • Larger farms are more profitable • Need to have enough money to operate the first year with zero income from catfish

  8. Further Assistance and Information • NCDA & CS Publications and Staff • http://www.ncagr.com/aquacult/pubs.html • Matt Parker • NC Cooperative Extension Service • Mike Frinsko and Steve Gabel • Other Farmers • Aquanic • http://www.aquanic.org

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