Abstract Capital requirements increase as aquaculture becomes more industrialized, with firms increasing their scale of production and capital intensity. Public listing at stock exchanges can provide improved access and cheaper financing for firms. Since the public listing is a fairly recent phenomenon and relatively few aquaculture firms have entered stock markets, it is useful to investigate the

Abstract Access to credit is a major limitation for small-scale fish farmers in Bangladesh in pursuing their fish farming activities. One attempted remedy is that NGOs have created microcredit facilities to address this limitation. This study empirically assesses the impact of microcredit on the economic welfare of the poor fish farmers in the Mymensingh district of Bangladesh. Opinions of the fish

Abstract We designed and implemented a discrete choice experiment to assess how information about the health, environmental, and economic benefits of locally produced aquaculture products affect Connecticut consumers’ willingness to pay (WTP) for products produced in the state, as compared with products from another state or another country. We find that information about local economic benefits tended

Abstract Futures on fresh farmed salmon traded at the Fish Pool market in Norway are analyzed in the context of the Capital Asset Pricing Model (CAPM) and a corresponding three-factor model where contracts are separated based on their maturities. Looking into 1 month; 6 months and 12 months contracts, we find that all alphas and most betas are statistically insignificant. We conclude that the CAPM

Abstract Availability of new oyster production methods offers a variety of choices for oyster farmers that include the overall business model, marketing strategy, scale of production, and the production method. Cost structures and relative profitability vary across production methods, scales, and business models. Maryland oyster farms were used as the basis for an assessment of the relative economic

Abstract This study assesses capital assets and factors influencing on farmers’ decision to participate in social networks, and how these contribute to and affect household’s profits of small-scale shrimp farmers in four coastal provinces in the Mekong Delta, Vietnam. Data was collected through observations, and informal discussions and interviews with 350 small-scale shrimp farmer households. The

Abstract Public health measures aimed at reducing the spread of COVID-19 can have significant, unintended impacts on livelihoods. In this paper, we assess the impacts of responses to the COVID-19 pandemic on aquaculture farmers in five countries in the Mekong Region. A total of 1,019 farmers were surveyed (June–August 2020). The COVID-19 pandemic reduced farmer mobility, disrupted input and produce

Abstract As comparative multi-country studies are rare, not much is known about the effects of regional differences in social-ecological conditions on the adoption of climate risk management practices in aquaculture. This study is based on a large-scale survey of practices of aquaculture operators in Cambodia, Laos, Myanmar, Thailand, and Vietnam. Climate-related risks to profits of aquaculture farms

Abstract This study employed data envelopment analysis with a two-stage bootstrapping technique to analyze cost efficiency in aquaculture using the case of intensive white-leg shrimp farming in Phu Yen province, Vietnam. By adopting the bootstrap procedure in the first stage, the bias-corrected point estimate of cost efficiency was 0.604 with the lower limit of 0.541 and the upper limit of 0.687 at

Abstract Shrimp polyculture is an important activity in South East Asia, providing a livelihood and food for small-scale farmers. However, farmers are facing challenges due to increasing environmental problems in rivers used as the primary source of water in aquaculture pond production. To deal with these challenges, farmers have organized co-management communities, which gives them a stronger voice

Abstract The marine recreational fishing industry in Florida has an economic impact of $7.6 billion dollars, which includes the expenditures of its 2.4 million licensed anglers. Interest in developing aquaculture techniques for marine baitfish species have served as an impetus for recent research; however, market data in Florida has not been investigated and described in over two decades. The objectives

Abstract This study assessed the impact of tilapia farming on poverty in the States of Oaxaca, Guerrero, and Chiapas, which have the highest levels of poverty in Mexico. The study uses both 2018 data from a sample of micro- and small-sized farmers in these States, and the Mexican government’s multidimensional poverty methodology. Results show fewer tilapia farmers in extreme or moderate poverty compared

Abstract Catfish farming continues to be the largest segment of U.S. aquaculture, and U.S. catfish farmers have demonstrated resilience and resourcefulness in adapting to changing economic conditions. Commercial production began in the 1950s–1960s, with growth leading to processing and marketing challenges in the 1970s. By the early 1980s, the key production, processing, and marketing pieces were in

Abstract This study examined the impact of climate change adaptation strategies on the welfare status of aquaculture fish farmers in Southwest, Nigeria. Multistage sampling procedure was used in the selection of 288 respondents. To account for selection bias due to both observable and unobservable factors where more than two options arise, the multinomial endogenous switching regression model was used

Abstract The shrimp industry plays a leading role in aquaculture development in Vietnam. Currently, the government is running a credit subsidy program to support farmers investing in improved production methods. This paper aimed to investigate white-legged shrimp farmers’ willingness to invest in improved production methods and to examine whether the current government policy for the sector is in line

Abstract In this paper, we study the factors that influence consumer attitudes toward aquaculture as well as annual expenditure on aquaculture products. Our analysis is composed of two parts. First, we estimate the effects of several covariates of interest on annual seafood expenditure using a two-way censored regression model, due to the nature of the survey data. Our results indicate that consumers

Abstract Seafood production governance, primarily and traditionally a governmental activity, is increasingly designed and performed by private actors, such as business organizations and/or Non-Governmental Organization. This is often seen as complementary to public regulation in handling collective problems, but there are few studies within the aquaculture sector which investigate the extent and potential

Abstract When markets are integrated and the law of one price holds, prices confronted by different producers should tend to uniformity, in the long run, allowance is made for differences in quality and transportation costs. However, how producers coordinate to align prices is not obvious and probably the answer will vary between markets. In this article, we investigate this question using salmon prices

This study has examined consumers’ acceptance, preference, and willingness to pay (WTP) for five newly developed convenient (ready-to-cook) catfish products. The University of Arkansas at Pine Bluf...

Abstract The Theory of Planned Behavior (TPB) has so far found few applications in aquaculture research. Using Rogers’ innovation adoption characteristics as a complementary framework, we explore its relevance in describing Indian carp farmers’ perceptions of the attributes of fish feed containing non-conventional ingredients (seaweeds, freshwater macrophytes, microalgae and microbes), and in understanding

Abstract Aquaculture production of turbot in Galicia (Spain) has grown significantly in the last 35 years. The evolution of the sector and the variations in its production technologies are the result of the confluence of different phenomena such as horizontal integration, the arrival of foreign investment or the independence of imported inputs. This article analyses the evolution of Galician-farmed

The farmed salmon supply chain in Europe is changing. There is a growing concentration at intermediary levels in the supply chain and more product differentiation in the market. This means that dif...

Simulations were performed to evaluate the economic potential of farming the seaweed Hypnea pseudomusciformis in two production scales for the carrageenan, human food, and glycolic extract markets ...

We investigate how production process labels and information about potential positive and/or negative aspects of GM technology affects demand for novel seafood products. We collected data during an...

The selection of salmon broodstock can enhance certain economically important biological traits over generations, via the use of genomic technologies. Information related to flesh quality, disease ...

The combination of hydroponics and aquaculture in a closed system is the essence of aquaponics and soilless agriculture. Aquaponics is hypothesized to have the potential to improve nutrition securi...

Concern within the U.S. aquaculture industry and a developing research literature on aquaculture regulations have prompted attempts to quantify on-farm regulatory compliance costs. A survey was con...

This study examines the fish consumption pattern of households in Bangladesh. We use data of the national Household Income and Expenditure Survey (HIES) to develop a demand model disaggregated by f...

Abstract As the companies have grown larger, the salmon farming industry has received increased attention from investors, financial analysts and other representatives of the financial community. Still, little is known about the risk and return characteristics of salmon farming companies’ shares. This paper approaches this topic by applying quantile regression to investigate the relationship between

The objective of this study is to identify the economic–financial viability, attractiveness potential, and investment risks of tambaqui farming in the state of Amazonas, Brazil. Tambaqui is the mai...

Environmental challenges in sea-based salmon aquaculture limit expansion of this industry. In Norway, the main challenge is sea lice which causes higher mortality, lower harvest weight and a reduct...

Abstract Seafood is among the most highly traded food commodities, and one will expect trade patterns to be highly dynamic. In this paper, trade duration is investigated for Chinese shrimp exports using firm-level data for the period 2007–2015. In line with the results from the general literature, most trade relationships in the Chinese exports of shrimp are short-lived and influenced by the market

Abstract Trade credits provide financing to buyers who might not, otherwise, be able to operate a business. However, sellers may use trade credits to exploit market power and this introduces a market failure that reduces efficiency and social welfare when compared to a competitive market. The objective of this study is to investigate the costs of trade credits for fish feed to fish farmers in Bangladesh

Rural fish farming is being promoted as a good source of protein and income diversification to fight poverty and inequality. However, its actual contribution to these rural households and local com...

Abstract A sample of 2,185 Ghanaian households from the GLSS6 was examined using a latent class model of structural heterogeneity in a linear regression framework to assess their fish consumption patterns. The results suggest that Ghanaian households fall into two consumption categories, namely “traditional” and “non-traditional” households, though there is some overlap between the two household groups

This is an Accepted Manuscript of an article published by Taylor & Francis in Aquaculture Economics and Management on 14 Jan 2020, available online: http://www.tandfonline.com/ https://doi.org/10.1080/13657305.2019.1710876 .

Abstract The risk ranking of the severity and the consequences of site closures due to Harmful Algal Bloom (HAB) incidents was estimated through the development of a numerical risk matrix for the Mediterranean mussel Mytilus galloprovincialis L. commercial exploitation, in Greece. Results showed that site closures due to HABs that lasted more than 4 to 6 weeks during the harvest season (spring to late

This special issue of Aquaculture Economics and Management features five articles based on contributions to the International Association of Aquaculture Economics and Management (IAAEM) sponsored section on economics and marketing at the Aquaculture America conference in New Orleans, Louisiana, March 7–11, 2019. The IAAEM sessions had 47 presentations spanning two full days. The range of topics was

Abstract Geographical concentration of industries tends to be important for firms that depend on innovation and are intensive in the use of specialized technology and labor. In this paper, we investigate the interaction between agglomeration and trade performance in the Norwegian aquaculture industry. We include a variable for regional clustering in a standard gravity model and estimate its impact

Abstract This study address whether different sustainability initiatives by the companies listed at the Oslo Seafood Index impact company value. With signaling theory as framework, it is argued that sustainability reports and other initiatives may contribute to reduce the information asymmetry between managers and equity holders. Using financial data from the company’s annual reports in combination

Abstract The U.S. catfish aquaculture industry has undergone a continuous and alarming contraction over the last 15 years or so. The rapid increase in cheaper imports, which has coincided with the decline in the domestic catfish farming industry, is being blamed by industry commentators as a major cause of the decline. The impact of increased market share of imports on prices is of particular significance

Abstract Concerns that additional supplies of U.S. farm-raised fish may compete with domestic wild fish has contributed to resistance and litigation that has slowed aquaculture development in the U.S. We employ a contingent choice experiment to large seafood wholesalers and suppliers in the U.S. to investigate market potential of new farmed finfish species from the Gulf of Mexico. We estimate probabilities

Abstract The aquaculture sector in Malawi has not shown significant growth in terms of production and productivity. This study applied the translog stochastic frontier to determine the technical efficiency in tilapia production in Malawi. Multi-stage sampling procedure was used to select 211 tilapia farms for the study. The determinants of tilapia output in Malawi are seed, fertilizer input and farm

Abstract This paper discusses how transaction data can be used to shed light on trade dynamics in seafood exports, with Norwegian salmon exports as the case. There is a large literature on exports and imports of salmon between countries, but less is known about how the heterogeneity of exporters and importers relates to the aggregate data. We utilize transaction data for all exports of salmon in the

Abstract This study analyzes fresh and brackish water aquacultures—especially carp, tilapia, and shrimp production—in major Asian aquaculture-producing countries. Different indicators have been used, involving dimensions that may be affected by climate change. High diversity is believed to indicate high adaption capacity, while resilience is estimated by known biological properties of each species

Abstract The Norwegian salmon farming sector has experienced an increase in industry concentration for the last 20 years attributed to agglomeration externalities and scale economies; big firms increase their size and market share while small firms remain operating at the minimum level. However, small firms have higher profitability ratios than their bigger counterparts, a fact that contradicts economic

Abstract The ever-growing industry of farmed warm-water shrimp in developing countries claims the continued expansion of export markets in developed countries, where they form a growing share of markets traditionally supplied by wild-caught shrimp. In this market transition, developing countries can benefit from knowledge regarding the consumer valuation of shrimp attributes to reasonably target product

Abstract Land-based farming of salmon is emerging for a number of reasons. The demand for salmon is increasing in many parts of the world. In recent years there has been limited growth in production due to binding government regulations and environmental challenges in sea-based salmon aquaculture. This is true both for Norway (sea lice, salmon escapes) and Chile (sea lice, disease problems), the two

Abstract Sea bass (Lates calcarifer) is a key aquaculture species in Malaysia, produced as part of a polyculture system in cages but predominantly as a single species in ponds. The production of sea bass in Malaysia has decreased substantially since 2015. Several studies suggest disease may be the main cause for such decline, but changing economic conditions may also have played a role in this decline

Abstract Theoretical and empirical research on farm management suggests that management practices and managerial ability affect farms’ financial performance. However, the explicit application of these concepts is scarce within the aquaculture field. In this study, the impact of management practices and managerial ability on the financial performance of aquaculture farms are investigated in Bangladesh

Abstract This study examines Bangladesh fish farmers’ perception for risk sources, risk management strategies, and the relationship with socio-demographic variables. Data were collected from a sample of 350 farmers in Bangladesh. Exploratory factor analysis of a set of perception measurement items was used to assess farmers’ attitudes towards risk and their risk management strategies. The results reveal

Abstract We assess the financial performance of an Atlantic salmon (Salmo salar) monoculture versus an Atlantic salmon, blue mussel (Mytilus edulis), and sugar kelp (Saccharina latissima) Integrated Multi-Trophic Aquaculture (IMTA) operation. Using updated methods and models, we improve on earlier studies of IMTA economics. A discounted cash-flow analysis was used to assess the profitability of hypothetical

Abstract The aquaculture sector is a capital intensive production process where access to credit is helpful in order to develop and manage farms in developing countries. Nevertheless, a supply of credit is often not readily available, which is creating credit constraint situations. This study investigates how credit constraints affect the productivity of aquaculture farmers in Bangladesh. An endogenous

Abstract The L46 (Hypancistrus zebra) stands out as one of the most valuable Amazonian species in the international market for ornamental fish and faces a notable problem: the risk of extinction versus the demand for new specimens for aquariums. Considering that breeding in captivity can be a conservational tool for aquatic species and an alternative source for generating income, the objective of the

Abstract Recently, a great deal of research has focused on culturing marine baitfish for the recreational fishing market but there is limited information on the marine bait industry. Developing protocols required to culture marine baitfish is important, but information is also needed on the baitfish retail market. This research presents the results of a recent survey of Texas bait stands regarding

Abstract The study investigates the efficiency of a sample of Italian aquaculture firms according to their legal status, size, and location. An efficiency analysis was conducted for a sample of 160 units using an output-oriented Data Envelopment Analysis. The average value of the efficiency scores reveals that it should be possible to significantly increase firm performance. The most inefficient farms

Abstract According to governmental plans, Norway faces huge expansions in the production of farmed Atlantic salmon. However, it is municipalities that designate coastal areas to aquaculture activities and their motivation depends on net benefits at municipal level from such use. Yet, there is little empirical evidence on costs and benefits of using coastal areas to aquaculture activities. We set up

Abstract Often, increases in farmed seabass and seabream production surpluses from Turkey and Greece have been blamed to lead to price declines and aquaculture sector crises. In this study, we investigate whether Turkish exports of farmed European seabass affect prices of European Union (EU) farmed European seabass. This is done by examining the existence of market integration between the prices of

Abstract In this paper, a time-varying student-t copula is used to capture information on price volatility dependence in the short-, medium-, and long-run horizon in the US market for frozen and fresh salmon, trout, tilapia and catfish. Using monthly data from July 1992 to March 2017, the volatility dynamics for these aquaculture species are assessed. The analysis allows indicating significant differences

Abstract This article provides econometric estimates of the determinants of collaboration in innovation processes and innovation outcomes in Norwegian aquaculture and other seafood sector firms, using linked innovation survey and register data on individual firms for the years 1990–2010. The seafood sector in Norway has an extensive innovation system and a high research and development (R&D) intensity