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Production, Price and Risk Factors in Channel Catfish Farming

Published online by Cambridge University Press:  28 April 2015

Gregory D. Hanson ,
Neil R. Martin Jr.  and
John B. Flynn
Gregory D. Hanson
Affiliation:
Department of Agricultural Economics and Rural Sociology, Auburn University
Neil R. Martin Jr.
Affiliation:
Department of Agricultural Economics and Rural Sociology, Auburn University
John B. Flynn
Affiliation:
Department of Agricultural Economics and Rural Sociology, Auburn University
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Abstract

The effects of several production/management, price and risk factors upon channel catfish profitability are analyzed with a multiperiod mixed-integer linear programming model. Factors analyzed include pond size and optimal stocking rates, alternate levels and trends in catfish prices, pond production losses and level of family consumption withdrawals. Model results indicate that channel catfish offer the potential to significantly increase farm rates of return while providing an avenue of intensive farm growth, without expanding the land base of the farm. However, the long range financial success of the firm was very sensitive to several of the management and risk factors examined.

Keywords

channel catfishrisklinear programminggrowth modelaquaculture
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 1 , July 1984 , pp. 173 - 182
Copyright
Copyright © Southern Agricultural Economics Association 1984

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