Abstract Accurately measuring willingness-to-pay (WTP) for newly developed food products is critical for academicians and marketing managers. This study measures consumers’ preference and WTP for five newly developed convenient (ready-to-cook) catfish products by surveying 128 participants from Arkansas and Florida. An ordered probit model was applied to survey data to investigate factors influencing

Abstract Despite recent dramatic growth in seafood consumption worldwide, knowledge about seafood demand is limited relative to other protein sources. We model demand across three major protein categories (i.e., terrestrial meat, seafood, and plant-based protein) in South Korea to fill the research gap. This study models a quadratic almost ideal demand system (QUAIDS) by utilizing household panel data

Abstract As filter feeders, mollusks’ growth is completely reliant on the natural environment. This leaves clam aquaculture, and more generally molluskan aquaculture, highly susceptible to environmental risks such as harmful algal blooms (HABs) and low salinity events. As marine environments change, whether due to climatic or nutrient related variations, there may be new risk combinations that farmers

Abstract Bangladesh, like many developing countries, has taken various aquaculture product quality and safety control measures. However, it is little is known about Bangladeshi consumers' preferences, and in particular, whether they are willing to pay a price premium for safety improvements and what are the determinants of their WTP. This paper assesses consumers’ preferences and WTP for Hazard Analysis

Abstract We develop a theoretical trade model based on classical welfare economics and apply it empirically to both importers and exporters of shrimp, the most traded seafood, to determine the effects of the Covid-19 pandemic on shrimp produced and consumed in the U.S. and globally. We consider two time periods and compare these to the base period before the pandemic. Period 1 (March–June 2020): there

Abstract The U.S. catfish industry is evolving by adopting intensive farming practices such as intensively aerated ponds and split-pond systems. The functional relationship between fish yield and key production inputs in these intensive systems was analyzed based on commercial catfish production data from 143 pond observations (2010−2018). A Cobb-Douglas production function was employed for the intensively

Abstract We investigated the purchases of salmon sold under the Label Rouge quality label in France. A flexible infrequency of purchases model was estimated using French scanner data. The results show that consumers’ perceptions differ substantially between fresh salmon labeled as Label Rouge and other fresh salmon and confirm that Label Rouge results in product differentiation. Furthermore, consumers

Abstract Price volatility is an important factor in the fish value chain influencing the costs, trade, income, and food security. Therefore, analysis of fish price volatility dynamics can provide valuable insights into the impact of aquaculture growth in Bangladesh, a developing country where much of the animal source protein is obtained through fish consumption. In this article, we use both descriptive

Abstract This paper investigates the recovery period of consumer salmon purchase intention after food scares at the Xinfadi wholesale market in China during the COVID-19 pandemic and examines the impact mechanism of risk preference and risk perception on the period duration. Our empirical analysis is based on a survey of 655 salmon consumers in Beijing, Tianjin, and Shanghai. We estimate that the purchase

Abstract This study analyzed the determinants and potential impacts of the adoption of sustainable aquaculture (SA) technologies on the welfare of small-scale aquaculture (SSA) households in Myanmar using an endogenous switching regression model. Welfare is measured by fish productivity and fish income per cycle and Household Dietary Diversity Score. Our analysis revealed that distance to the sale-point

Abstract The catfish industry is the largest U.S. aquaculture sector and a major contributor to the rural economies of the Southern states of Alabama, Arkansas, and Mississippi. Economic contributions of this industry to the tristate region were estimated using an input-output modeling approach with the IMPLAN database and software (Impact Analysis for Planning MIG, Inc.). An analysis-by-parts approach

Abstract Intensive shrimp production is a potential pathway to increasing export quantity and meeting Vietnamese national export targets set for the 2020–2030 period. Vietnamese farmers need to efficiently manage their shrimp farming to compete in global markets. This study aims to investigate input- and output-specific technical and scale inefficiencies in Vietnamese shrimp farming practice and their

Abstract Aquaculture is the fastest growing food production sector in the world and is quickly diversifying. In the Northwest Atlantic, interest in sea scallop (Placopecten magellanicus) (hereafter scallop) aquaculture has grown substantially. However, technical and economic challenges have hindered industry growth. We conducted bioeconomic simulations for various sized farms that targeted either live

Abstract Consumption of aquatic products in China continues to grow and encourages the expansion of aquaculture farms. The examination of factors influencing expenditures on all aquatic products, freshwater fish, squid/octopus, and shellfish uses survey data collected from residents of Shanghai, China. The use of the Tobit modeling approach identified socio-demographic variables such as income, aquatic

Abstract The aim of this work is to evaluate how changes in a set of different key operational factors (e.g., the unit sales price, the fingerling unit cost, the feed unit cost, and so on) would impact on the economic performance of a typical grow-out farm producing European sea bass in the Mediterranean under different scenarios of production related to the farm size (production volume) and production

Abstract At present, aquaculture is still subject to social debate. This paper analyzes its social acceptance compared to traditional fishing, mainly by applying the structural equations methodology. This technique has been widely used in recent times in social sciences but is minor in this field. We propose a model in which we break down its acceptance in two dimensions: Product and company. We also

Abstract The continuous growth of the aquaculture sector has motivated numerous empirical studies investigating farm productivity and technical performance over time. However, empirical works focusing on low-value species in developing countries are scarcer due to the lack of data. This paper investigates the sources of productivity changes over time using a meta-frontier Malmquist productivity index

Abstract This study examines the impact of land tenure systems on aquaculture farm productivity, efficiency, and profitability based on information obtained from interviews with 517 randomly selected aquaculture farms across Bangladesh. Propensity score matching (PSM) is used to estimate productivity variation, and the stochastic frontier production function (SFPF) is employed to analyze efficiency

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 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 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 This study investigates potential economic reasons why the production of trout is maintained in Norway by analyzing prices and production for Norwegian Atlantic salmon and trout. The species Atlantic salmon dominates the global salmon market, but its two largest producers, Norway and Chile also farm in sea pens significant quantities of large rainbow trout (as opposed to portion-sized Rainbow

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 The value chain for farmed salmon has experienced substantial changes over the past decades as a result of innovation in production technology, logistics, distribution and marketing that have helped facilitate the rapid production growth. The high level of control over the production environment in principle makes it possible for Atlantic salmon to be tailored on a number of product attributes

Abstract Sea cage farming of seabream and seabass is the most important form of aquaculture production in the Mediterranean Sea. Despite the continuous global growth in aquaculture production and demand, the economic performance of seabream and seabass companies has not followed the same trend. In recent years, companies have faced successive periods of market instability, with high volatility in supply

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

Abstract In recent years, European producers of cultured sea bass and sea bream have experienced a highly competitive market with low prices that have caused profitability challenges. An important factor of economic competitiveness for firms is to produce efficiently. In this paper, technical efficiency of European producers of cultured sea bass and sea bream is evaluated for the period 2008–2017 using

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...

Abstract U.S. catfish producers have been exploring the adoption of alternative-production technologies (intensive-aeration, in-pond raceways, and split-pond systems) in recent years for achieving cost efficiencies. A multi-state (Alabama, Arkansas, and Mississippi) survey was conducted to identify specific reasons influencing the decisions of producers whether or not to adopt these alternative catfish

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