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Aquaculture of the yabbie, Cherax destructor Clark (Decapoda: Parastacidae): an economic evaluation
Author(s) -
STANIFORD A. J.,
KUZNECOVS J.
Publication year - 1988
Publication title -
aquaculture research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 89
eISSN - 1365-2109
pISSN - 1355-557X
DOI - 10.1111/j.1365-2109.1988.tb00582.x
Subject(s) - profitability index , biology , destructor , aquaculture , fishery , decapoda , crayfish , investment (military) , crustacean , ecology , fish <actinopterygii> , economics , finance , mite , politics , political science , law
Abstract. Budgeting techniques are used to estimate the profitability of establishing commercial yabbie, Cherax destructor Clark, farms of various sizes in Australia. While commercial yabbie fanning is potentially profitable, returns are very sensitive to the production level achieved and the price obtained. These parameters are uncertain, implying that the development of a commercial yabbie farm is a risky investment. Profitability increases as farm size increases from 5 to 20 ha. However, the optimum farm size is not known. Areas in which additional research into the aquaculture of the yabbie may generate large economic benefits are identified.