Open AccessStocking Strategies and an Investment Analysis for Producing Penaeus setiferus as a Live Bait‐Shrimp on the Texas Gulf Coast
Author(s) -
McKee David A.,
Lawrence Addison L.,
Griffin Wade L.
Publication year - 1989
Publication title -
journal of the world aquaculture society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.655
H-Index - 60
eISSN - 1749-7345
pISSN - 0893-8849
DOI - 10.1111/j.1749-7345.1989.tb00526.x
Subject(s) - shrimp , stocking , penaeus , biology , fishery , investment (military) , shrimp farming , penaeidae , stocking rate , return on investment , aquaculture , fish <actinopterygii> , crustacean , decapoda , economics , production (economics) , politics , political science , law , macroeconomics
An economic and investment analysis was performed to determine the viability of bait‐shrimp farming in Texas. A single pond analysis producing 5–5.5g shrimp always had higher returns above selected cost (RASC) than producing 4–4.5g shrimp. Stocking 0.01g shrimp had a higher RASC than stocking 0.25g, 0.50g or 0.75g shrimp. In the 20 pond analysis, which accounted for marketing considerations, stocking 0.25g shrimp had the highest RASC. The investment analysis, assuming average management, was declared bankrupt by the end of the fifth year. Under “excellent” management the internal rate of return was only 11.7%. It is unlikely that bait‐shrimp farming will become a viable industry in Texas in the near future.