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Financial analysis business of cantang (Epinephelus fuscoguttatus × E. lanceolatus) and cantik (E. fuscoguttatus × E. polyphekadion) hybrid groupers in hatcheries

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Abstract

Management evaluation is essential to optimize finances by increasing egg production, survival rates, larval rearing, and nursery growth. Research aims to analyze production and financial performance in sustainable practices for producing hybrid grouper seeds such as cantang and cantik. The research was carried out for one year, from September 2022 to September 2023. Survey method with the selection of research locations carried out purposively utilized both primary and secondary data types. Primary data was collected through surveys using questionnaires, interviews, and direct observation of activities. Direct observations were conducted at egg production, hatchery, and nursery activities. Research shows that in one year the egg production is 97,300,000 cantang eggs and 17,800,000 cantik eggs. The final length mean harvested in the hatchery was 3.5 ± 0.28 cm with a survival rate of 8.3 ± 4.9 % for cantang hybrid grouper and 3.2 ± 0.25 cm with a survival rate of 10.1 ± 5.0 % for cantik hybrid grouper. The total length of the nursery harvested was 10.9 ± 0.30 cm with a survival rate of 71.5 ± 8.7 % for cantang hybrid grouper, and cantik hybrid grouper measured 10.1 ± 0.30 cm with a survival rate of 81.0±6.0 %. The highest net profit comes from nurseries, followed by larval rearing and egg production. Investments in egg production, larval rearing, and nursery businesses are financially advantageous, as both the R/C and B/C ratios > 1, demonstrating their economic viability. The increasing demand for hatcheries and seeds highlights the importance of successful egg production in fulfilling the growing needs of grouper hatcheries. Nursery operations play a crucial role in enhancing the success of grouper grow-out by improving survival rates and reducing rearing times. They focus on nurturing seeds from their early stages until they reach a suitable size and strength for the grow-out phase.

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This paper assesses the economic feasibility of cage aquaculture in the offshore wind farm area of Changhua, Taiwan. According to the cost-benefit analysis, the results of cage aquaculture simulation for three species are economically feasible and the most suitable investment project is suggested to deploy 16 cages at the beginning. However, according to sensitivity analysis, at the current survival rates and purchasing prices, there is still a gap from the breakeven point in various scenarios. Hence, this paper argues that, if Taiwan's offshore wind power generation can be integrated with cage aquaculture, the conflict over sea area usage can be solved in order to create more employment opportunities.
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Catfish farming has long been carried out by local farmers with various systems and technologies. A reduction of land and water availability in urban aquaculture has been stimulate the application of aquaponic and biofloc technology. In this study, we aimed to analyze production performance, financial feasibility, and sensitivity analysis in catfish farming through a different farm system including water exchange system, aquaponic and biofloc technology. A case study was used from catfish (Clarias gariepinus) farmers in Bogor, West Java, Indonesia. The production performance analyzed is the total production, productivity and survival. Financial feasibility analysis used cost-benefit analysis (CBA) and sensitivity analysis is carried out on changes in the amount of production based on the survival value. The results showed that the best productivity of catfish was obtained from a water exchange system with a production value of 4038.0 ± 6.0 kg, productivity 168.0±2.0 kg per m², and the survival of 79.4±2.2%. The financial feasibility analysis suggested that the water exchange system was US4204.29(NPV),12.52(BCR),and301.82 4204.29 (NPV), 12.52 (BCR), and 301.82% (IRR), in the aquaponic was US 5048.3 6 (NPV), 12.57 (BCR) and 303.48% (IRR). and for biofloc technology was US$ 2242.23 (NPV), 7.67 (BCR), and 184.07% (IRR), analysis period was five years. The sensitivity analysis shows that the limit of reduction in survival value in water exchange catfish culture, aquaponic, and biofloc technology are 64.0%, 60.0% and 64.0% respectively. Our study showed that the production and financial performance of catfish farming using biofloc technology produces the lowest value compared to the other two systems. It was found that the farmers have not implemented the biofloc technology procedures correctly and have not routinely monitored water quality in all systems and technologies. Still, we were able to aknowledge this issue in hope that we can fix it in the future.
Article
Singapore is a small island country with limited land and sea space for aquaculture. Foodfish production in Singapore is mainly from cage aquaculture in sea and supplied about 10% of total fish consumed. The major cultured species are Asian seabass, milk fish, grey mullet, snappers, golden pompanos, hybrid groupers and shrimps. Although small scale of its aquaculture, constrained by limited available land and coastal areas and high cost for aquaculture, the industry is thriving and transferring from low-tech to high-tech. With the strong support of the government for food security, aquaculture R&D are geared towards developing novel hatchery technologies, marker-assisted and genomic selection to accelerate genetic improvement, the establishment of high-tech aquaculture farms and ensuring biosecurity. Singapore is fast becoming global aquaculture hotspot. In this review, we summarized the status of Singapore's aquaculture production, R&D, training and education and its challenges, and suggested some ideas on the future development of Singapore's aquaculture. Singapore is well-positioned to serve as a R&D and education hub for tropical aquaculture. Its R & D on aquaculture should focus on fish reproduction, genetic improvement and high-tech aquaculture systems to improve local fish production and to supply superior fry for culture in other countries.
Article
The efficient removal of nitrogen pollutants in the aquaculture systems is still a challenge due to the low concentration of organic carbon and high concentration of dissolved oxygen (DO) in the wastewater. The simultaneous partial nitrification, anammox and denitrification (SNAD) bioreactor was firstly used for the treatment of aquaculture wastewater in recirculating aquaculture system. The bioreactor operated for 180 days without adding extra organic carbon. After 60-day operation, the bioreactor reached the stable stage with the average concentration of ammonia/nitrate/nitrite/COD in the effluent with 0.26/0.75/0.47/0.27 mg/L. The Pseudoxanthomonas was the dominant genus in the biofilm samples. The typical nitrogen functional bacteria and genes for nitrification, anammox and denitrification were detected with different abundance in different procedures along the bioreactor. Network analysis revealed the significant correlations between nitrogen functional bacteria and genes. The SNAD bioreactor achieved the effective removal for nitrogen and COD under high DO conditions in recirculating aquaculture system.
Article
Grouper aquaculture is a rapidly growing and dynamic industry within Vietnamese aquaculture and an important source of local employment and income generation. Information on the state of current production practices and profitability for specific crops across different geographic locations and stages of production is difficult to obtain. This research contributes to wider efforts to address this knowledge gap by providing indicative findings on current market characteristics, production practice, and profitability of a ‘new’ aquaculture crop in Vietnam: Hybrid grouper (E. lanceolatus X E. fuscoguttatus). Participants in the study identified Hybrid grouper as the most important crop for grow out farms and the second most important crop for nursery farms due to strong market demand and sales prices, fast growth rate, and higher survival compared to other grouper crops. Research utilised a survey of 12 grouper farms in the Northern (Hai Phong) and Central (Khanh Hoa) provinces of Vietnam in mid-2018 to determine indicative financial production characteristics and gross margins (annual net sales revenue minus cost of goods sold) of nursery, cage, and pond enterprises that currently culture Hybrid grouper. Farmers indicated that the Hybrid grouper industry was segmented into three distinct phases of production: spawning, larval rearing and grow out. Few grouper farmers specialise in more than one area. Farmers in both study regions reported that Hybrid grouper were desirable due to the strong market demand and high sale prices, fast growth rate, and higher survival compared to other grouper crops. Farms had different economic characteristics between region and type, major differences were seen in the species cultured, number of people employed and age of farms. All farms interviewed generated annual net sales revenue exceeded the cost of goods sold. Earthen pond farms in Central Vietnam generated a median gross margin of US8741peryear,CentralregionnurseriesUS 8741 per year, Central region nurseries US 8059, and Northern Sea cage farms US4562.Relativeimportance,calculatedbycontributiontototalfarmincome,indicatedthatHybridgrouperisthemostimportantcropforgrowoutfarmsinbothregionsandsecondmostimportantfornurseryfarms.CentralregiongrowoutfarmsgeneratehighergrossmarginsthanNorthernSeacagefarms,whichisaresultofCentralregiongroupergrowingfaster,havinghighersurvivalrates,andsellingformoreperkgthanthosegrownoutintheNorthernregion.Themainchangestotheindustrysince2010havebeentheintroductionofHybridgrouperasanewcrop,theincreaseinaveragegroupersaleprice,andthemovetofulllifecycleaquaculture.AveragesalepriceforgrouperhasincreasedfromUS 4562. Relative importance, calculated by contribution to total farm income, indicated that Hybrid grouper is the most important crop for grow out farms in both regions and second most important for nursery farms. Central region grow out farms generate higher gross margins than Northern Sea cage farms, which is a result of Central region grouper growing faster, having higher survival rates, and selling for more per kg than those grown out in the Northern region. The main changes to the industry since 2010 have been the introduction of Hybrid grouper as a new crop, the increase in average grouper sale price, and the move to full life-cycle aquaculture. Average sale price for grouper has increased from US 7.7–9.6/kg (adjusted to 2019 US)toUS) to US 9–15/kg. The findings indicate that the most significant constraints to the growth and diversification of the grouper aquaculture industry in Vietnam are the limited availability of Hybrid fingerlings due to difficulties in larval rearing, and increases in feed costs due to a lack of domestic feed suppliers. Notwithstanding these constraints, the higher gross margins of Hybrid grouper relative to other financially viable grouper crops suggests continued, albeit moderated, growth of grouper aquaculture in Vietnam.
Article
The aquaculture techniques and operating management of production processes can influence the production performance of the overall aquaculture fishery. This study collected biological and economic data through of questionnaires from the production process of Taiwan's abalone culture industry and used the principles of economics and multivariate statistics to analyze the key for the profits of Taiwan's abalone industry. The results showed that the stocking density, production scale, and culture mode influenced the inputs and outputs of the abalone industry. Large-scale polyculture of Haliotis diversicolor supertexta and Haliotis discus hannai had the best profitability. Therefore, farmers who only culture Haliotis diversicolor supertexta are suggested to use polyculture model and moderately increase the stocking density to increase the economic benefit of cultures.
Article
This study presents an economic analysis of tiger and humpback grouper at different production scales in Indonesia. The results highlight the non-viability of small-scale tiger grouper farming, with a 5-year projected negative cumulative cash flow of −IDR 18,102,650.00 and a negative net present value (NPV) of −IDR 22,059,576.28. An increased production scale of tiger grouper highlights a marginal viability for medium-scale farms (with a 5-year projected cumulative cash flow of IDR 198,320,673.00, a positive NPV of IDR 105,578,440.42; a benefit cost ratio of 1.25; an internal rate of return (IRR) of 88% and a payback period of 0.99years), and an economically viable large-scale cage culture (with a 5-year projected cumulative cash of IDR 707,746,923.00; a NPV of IDR 406,801,749.07; a benefit cost ratio of 1.33; an internal rate of return of 157%; and a payback period of 0.57years). The economic analysis of humpback grouper at different production scales highlighted a positive cumulative cash and NPV, a benefit cost ratio over 2, an internal rate of return over 300% and a payback period <1year. A sensitivity analysis revealed that increased survival rate up to 80% would increase cumulative cash and NPV of small-scale tiger grouper cage culture. Additionally, improved profitability performance was associated with decreasing major production costs, increasing production and price of the product. KeywordsTiger grouper-Humpback grouper-Economic production scale-Profitability
Article
Countries in South-east Asia are significant producers of aquacultured products and production is increasing. Seedstock for mariculture are provided from both wild capture (‘capture-based aquaculture’) and hatchery rearing (‘full-cycle aquaculture’). Collection of Palinurid lobster pueruli and juveniles is currently the sole source of seedstock for aquaculture. Other mariculture commodities, such as milkfish (Chanos chanos) and groupers (Family Serranidae, Sub-family Epinephelinae) are supported by a combination of wild-caught and hatchery-reared seedstock. Mariculture in South-east Asia is typified by low levels of vertical integration, and a high proportion of ‘small-scale’ hatcheries. In Indonesia, small-scale hatcheries are clustered in two main areas: Buleleng Regency in northern Bali and Situbondo in East Java, with small-scale hatcheries comprising 95% and 88% of hatcheries in each area respectively. Fingerling production from these hatcheries is considerable, with 7.3 million grouper and 2.5 billion milkfish fingerlings exported from Bali in 2016. Although several studies have quantitatively evaluated the benefits of small-scale hatcheries to local communities, scant attention has been paid to their regional impact. As an example, much of the global production of around 1 million tonnes per annum of milkfish is supported by fingerling production by small-scale hatcheries in Bali. Despite this acknowledged success, disease remains an ongoing problem for small-scale hatcheries with operators of grouper hatcheries in Bali categorising mortality and financial losses as ‘medium’ to ‘high’. A survey of small-scale hatcheries showed that biosecurity is poor and fish health management approaches are based on previous experience. Factors impacting these approaches include purchaser focus on price at the expense of quality, and limited numbers of hatchery staff with any formal aquaculture training. The impact of disease outbreaks remains a weakness for small-scale hatcheries, and consequently a weakness for the mariculture industries dependent on these as a seedstock source.
Article
p>Application technology for grouper seed production was conducted by dissemination activities, aimed for dissemination technology in several places having aquaculture prospects in order to facilitate seed supply. The research was conducted in 2012 collaborated with the Department of Fisheries and Maritime Affairs Lamongan Regency and Fisheries Academy of Sidoarjo. Application technology for grouper seed production was conducted in Tunggu village, Paciran district, Lamongan, East Java. Grouper seeds which maintained were tiger, cantik, and cantang. Seed productions were performed from egg to juvenile with size of ±3.0 cm,in which the eggs were transported from hatchery in Bali and larval rearing was conducted based on the produced technology. The results showed that survival rate of tiger grouper was 8.3%, cantang grouper was 11,6%, and cantik grouper was 12.4%. The results showed that R/C ratio was >1, in which the business was profitable. The technology can be applied to the community and grouper seed production can support aquaculture activities. Keywords: Grouper seed, production, technology, R/C ratio, aquaculture</p
Article
Aquaculture of groupers is carried out in tropical and subtropical areas throughout the world, but most production is from Asia, with three countries responsible for an estimated 92% of global production: China (65% of total production), Taiwan Province of China (17%) and Indonesia (11%). We calculate that there are at least 47 grouper species plus 15 grouper hybrids that have been trialled or are currently aquacultured. While grouper aquaculture has undoubtedly provided positive social and economic benefits to coastal communities in Asia, practices associated with grouper aquaculture have also led to widespread concerns regarding its environmental impacts. This paper reviews environmental, economic and social impacts of grouper aquaculture within a sustainability science framework. An update, building on early technical reviews of grouper aquaculture, was used to identify the main environmental, economic and social impacts. The main environmental impacts identified were as follows: seedstock sources, particularly the use of wild-caught postlarval or juvenile fish as seedstock; the use of ‘trash’ fish as the major feed source; and water quality and substrate impacts of sea cage aquaculture. Significant economic and social impacts arising from grouper aquaculture include employment and income generation, but the economic impacts of disease outbreaks are significant, reducing fish survival to harvest size to around 50–70%. Current approaches to ameliorate negative impacts include the following: development and implementation of better management practices (BMPs) at national level, and the development of a global ecolabel certification scheme by the Aquaculture Stewardship Council. Both these approaches have significant constraints, particularly when applied to small-scale farmers who produce the bulk of farmed grouper. We conclude that there is a need for improved higher level coordination between the major producer countries to address identified sustainability constraints to grouper aquaculture.
Article
The broodstock of two grouper species, tiger grouper Epinephelus fuscoguttatus and squaretail coralgrouper Plectropomus areolatus, were maintained in sea cages near Rutland Island, Andaman and Nicobar Islands, India, and their spawning performance was monitored from June 2007 to December 2010. E. fuscoguttatus generally spawned monthly in association with the new moon phase, for 8-9 months each year. Each year, they underwent a 3- to 4-month refractory period between February and June then recommenced spawning in May-July. P. areolatus showed a different spawning pattern to E. fuscoguttatus, spawning for less than 6 months each year, also in association with the new moon, and demonstrating much longer refractory periods (up to 15 months) than E. fuscoguttatus. Analysis of temperature data from the sea cage site showed that water temperature was significantly lower during spawning events than during comparable non-spawning periods. We postulate that one factor inhibiting spawning is higher water temperatures exceeding the upper thermal inhibitory limit for both grouper species during the hotter months of the year. Selected broodstock fish of both species were also maintained in onshore tanks fitted with recirculating filtration systems, but the spawning performance of both grouper species in the onshore tanks was inferior to broodstock held in the sea cages. E. fuscoguttatus maintained in onshore tanks spawned during only 5 months of the 42-month study period, whereas E. fuscoguttatus held in the sea cages spawned during 29 months over the same time frame. P. areolatus held in onshore tanks over the same period did not spawn, whereas P. areolatus held in sea cages spawned during 16 months out of the 42-month study period.
Article
This article presents technical and bioeconomic information on culture-based grow-out production of groupers in Vietnam. Grouper farming has good future potential as a viable alternative livelihood for fishers. It is found to be very profitable for cage farmers in northern Vietnam and marginally profitable for cage and pond farmers in central Vietnam. Productivity and total revenue are highest in the north, reflecting relatively high stocking rates, aquaculture area, and harvest prices. Cost per unit production is highest for centrally located cage farmers. The dominant cost sources for these farms are feed (40–60% of total costs) and, to a lesser extent, seed (20%) and labor (12–19%). The feed conversion ratios for these systems, where grouper are fed exclusively low-value finfish, is calculated to be 9 in the north and 12 in the center. It seems that improving the livelihood of grouper farmers in Vietnam is dependent on reducing their dependence on wild stocks for seed and feed, and increasing area and growout time for central farmers. If pellets are to be widely adopted by grouper farmers, perceptions regarding the poor adaptability, relatively slow growth rates compared with low-value finfish, and poor availability of pellets need to be overcome.
Grouper nursery development through group capacity building for leading commodity strengthen of Seribu Islands Administrative District, Jakarta
  • Effendi
Different dossage of recombinant growth hormone (rgh) to feed convertion rate of Epinephelus fuscoguttatus x Epinephelus lanceolatus
  • Hendriansyah