The Economics of Salmon Aquaculture

ISBN-13: 9780852382899 / Angielski / Twarda / 2011 / 248 str.

Bjorndal; Trond Bjorndal

Opis

This volume discusses the different processes making up the international salmon aquaculture industry from salmon aquaculture production, the supply chain and markets to optimal harvesting and the costing and planning of salmon production.

Recenzje

"Nonetheless, the book could be useful as supplementary reading for senior undergraduate– and M.Sc.–level students taking economics and business management electives as part of a degree program in aquaculture or fisheries science. The book should also be of interest to aquaculture consultants and researchers in search of a compact overview of the position of farmed Atlantic salmon in the international seafood market." (Aquacult International, 7 June 2011)

 

Spis treści

Preface.

1 Introduction.

2 The Production Process in Aquaculture.

2.1 Salmon production.

Bibliography.

3 The Supply of Salmon.

3.1 Farmed salmon production.

3.2 Wild salmon production.

3.3 Regulation of salmon aquaculture.

3.4 The growth of large multinational companies.

Bibliography.

4 Productivity Growth and Technological Change.

4.1 Declining costs.

4.2 Scale.

4.3 Structure of production costs.

4.4 Smolt production.

4.5 Improved feed quality.

4.6 Diseases and increased survival rates.

4.7 Breeding.

4.8 Cycles in profitability.

4.9 Catching up: regional differences.

4.10 Productivity development in Norway relative to other producers.

4.11 Cost reductions in the supply chain.

Bibliography.

5 Environmental Issues.

5.1 The fi sh meal trap.

5.2 Local issues.

Bibliography.

6 Markets for Salmon.

6.1 The European Union markets.

6.2 The Japanese salmon market.

6.3 The United States salmon market.

6.4 The Russian market.

6.5 Price development.

Bibliography.

7 Competitiveness and Market Structure.

7.1 What is a market?

7.2 The salmon market.

7.3 The size of the market.

7.4 Salmon marketing.

7.5 Trade restrictions.

Appendix: a market model.

Testing for market interactions.

Bibliography.

8 Lessons for Other Farmed Species.

8.1 Other farmed species.

8.2 Lessons from other farmed species.

Bibliography.

9 Optimal Harvesting of Farmed Fish.

9.1 A biological model.

9.2 Bioeconomic analysis.

9.3 The rotation problem.

Appendix: optimal harvesting of farmed fish.

A biological model.

Bioeconomic analysis.

Harvesting costs.

Feed costs.

Feed and harvesting costs.

The rotation problem.

Optimal harvesting: examples.

Bibliography.

10 Production Planning in a Salmon Farm.

10.1 Cash fl ow analysis.

10.2 Smolt release and biomass growth.

10.3 Sales revenue.

10.4 Feeding costs.

10.5 Net present value.

10.6 Selective harvesting.

11 Investment in a Salmon Farm.

11.1 A production plan.

11.2 A liquidity budget.

11.3 Cost of production.

11.4 Investing in a new aquaculture company.

11.5 Licence value.

11.6 Buying a fish farming company.

References.

Index.

O autorze

Frank Asche is Professor at the Department of Industrial Economics, University of Stavanger, Norway.

Trond Bjørndal is Professor and Director of the Centre for the Economics and Management of Aquatic Resources (CEMARE), University of Portsmouth, UK, and Professor II, Aalesund University College, Norway.

Blurb

First published in 1990, The Economics of Salmon Aquaculture was the first book to systematically analyse the salmon aquaculture industry, from both a market and production perspective. Since publication of the first edition of this book, the salmon aquaculture industry has grown at a phenomenal rate, with salmon now being consumed in more than 100 countries worldwide. This second edition of a very popular and successful book brings the reader right up to date with all the major current issues pertaining to salmon aquaculture.

Commencing with an overview of the production process in aquaculture, the following chapters provide in–depth coverage of the sources of the world′s supply of salmon, the growth in productivity, technological changes, environmental issues, markets, market structure and competitiveness, lessons that can be learnt from the culture of other species, optimal harvesting techniques, production planning, and investment in salmon farms.

Written by Frank Ashe and Trond Bjorndal, two of the world′s leading experts in the economics of aquaculture, this second edition of The Economics of Salmon Aquaculture provides the salmon aquaculture industry with an essential reference work, including a wealth of commercially important information. This book is also a valuable resource for upper level students and professionals in aquaculture and economics, and libraries in all universities and research establishments where these subjects are studied and taught should have copies of this important book on their shelves.