Production Economics

All areas of catfish farm management require economic attention. Economizing the use of expensive production inputs like feed, fingerlings, electricity, and labor are key to farm profitability. The primary objective of aquaculture economist is to provide suggestions on optimal production strategies suitable for a particular farm’s business goal.

Roles include providing a sound understanding of the farm’s financial bottom lines and developing financial management worksheets for farms upon request. The economist also conducts production research trials investigating the economics and risks of commercially oriented catfish production practices. These production trials are primarily driven by both short-run and long-run industry needs. Economist also perform economic analysis for studies on nutrition, disease, and water quality management. Additionally, scientists also engage in investigating economic efficiency and investment feasibility of different aquaculture productions systems that have commercial importance in the United States.