Abstract
Eleutheronema tetradactylum is a recently developed product in aquaculture systems in Taiwan. Its production is concentrated in the Pingtung and Kaohsiung counties of Taiwan during the overwinter and oversummer seasons. In this study, a bio-economic approach was applied to investigate the mechanisms and economic profitability of commercial E. tetradactylum farming. The analysis consisted of two parts: (1) a cost–benefit analysis to determine the main components affecting profitability; and (2) multivariate statistics to clarify the relationship between biological and economic factors. The findings suggest that fry quality is an important factor in increasing the survival rate in aquaculture systems, and that increased survival rate in turn generates increased farm profitability and expansion options during the oversummer season, thus providing better economic performance. As feed cost is the key factor affecting production, improving feed management could increase the profitability of E. tetradactylum farming.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
References
Abu Hena MK, Idris MH, Wong SK, Kibria MM (2011) Growth and Survival of Indian Salmon Eleuthronema teradactylum (Shaw, 1804) in brackish water pond. J Fish Aquat Sci 6:479-484. https://doi.org/10.3923/jfas.2011.479.484
Afero F, Miao S, Perez A (2010) Economic analysis of tiger grouper Epinephelus fuscoguttatus and humpback grouper Cromileptes altivelis commercial cage culture in Indonesia. Aquac Int 18(5):725–739
Boardman A, Greenberg DH, Vining AR, Weimer DL (2006) Cost-benefit analysis: concepts and practice. Pearson Prentice Hall, Berlin
Boyd CE (1997) Advance in pond aeration technology and practice. Infofish Int 2(97):24–28
Boyd CE, Tucker CS (1998) Pond aquaculture water quality management. Kluwer Academic, Dordrecht
Campbell HF, Brown RPC (2005) A multiple account framework for cost–benefit analysis. Eval Program Plann 28(1):23–32
Castilho-Barros L, Owatari MS, Mouriño JLP, Silva BC, Seiffert WQ (2020) Economic feasibility of tilapia culture in southern Brazil: a small-scale farm model. Aquaculture 515:734551
Central Weather Bureau (2018) Climate statistics. Central Weather Bureau, Taipei, Taiwan. http://www.cwb.gov.tw/V7/climate/dailyPrecipitation/dP.htm. Accessed 2 Feb 2018.
Dalton G, Tamás B, Mike B, David C, Kate J, Gareth L, Theodore L, Erik FM, Frank N, Nikitakos N, Saul TO, Dimitris P, Pedro DS, Hans CS, Afroula S, Ian M (2019) Feasibility of investment in Blue Growth multiple-use of space and multi-use platform projects; results of a novel assessment approach and case studies. Renew Sustain Energy Rev 107:338–359
Engle CR (2010) Aquaculture economics and financing management and analysis. Wiley-Blackwell, Hoboken
Farel R, Yannou B, Ghaffari A, Leroy Y (2013) A cost and benefit analysis of future end-of-life vehicle glazing recycling in France: A systematic approach. Resour Conserv Recy 74:54–65
Fisheries Department of the Council of Agriculture, Executive Yuan (2018). Fisheries annual report 2018. Annual report of fishery statistics. https://www.fa.gov.tw/cht/PublicationsFishYear/index.aspx. Accessed June 2020
Huang CT, Miao S, Nan FH, Jung SM (2011) Study on regional production and economy of cobia Rachycentron canadum commercial cage culture. Aquac Int 19:649–664
Huang CT, Vinh NP, Chang MH, Chen YC, Liu PC, Hsiao YJ (2019a) A bioeconomic analysis for improving productivity of short finned eel Anguilla bicolor pacifica and Anguilla bicolor bicolor commercial culture in Taiwan. J Fish Soc Taiwan 46(3):1–14
Huang CT, Vinh NP, Chen YT, Liang TT, Nan FH, Liu PC (2019b) Improving productivity management of commercial abalone Haliotis diversicolor supertexta and Haliotis discus hannai aquaculture in Taiwan: A bioeconomic analysis. Aquaculture 512:734323
Huang CT, Afero F, Hung CW, Chen BY, Nan FH, Chiang WS, Tang HJ, Kang CK (2022) Economic feasibility assessment of cage aquaculture in offshore wind power generation areas in Changhua County, Taiwan. Aquaculture 548:737611
Johnson RA, Wichern DW (2002) Applied multivariate statistical analysis, 5th edn. Prentice-Hall, Englewood Cliffs
Leonardo IC, Francisco JMC (2013) Luis AL (2013) Financial analysis of pilot-scale egg production of spotted rose snapper, lutjanus guttatus. Aquac Econ Manag 17:171–183
Leong TS (1997) Management of marine finfish disease in Malaysia. In: Paper presented at a seminar on sustainable development of mariculture industry in Malaysia, 30–31 July, 1997, Kuala Lumpur
Liu C, Zhang Q, Wang H (2020) Cost-benefit analysis of waste photovoltaic module recycling in China. Waste Manage 118:491–500
Llorente I, Luna L (2016) Bioeconomic modelling in aquaculture: an overview of the literature. Aquacult Int 24:931–948
Mahony TO (2021) Cost-benefit analysis and the environment: The time horizon is of the essence. Environ Impact Assess Rev 89:106587
Manly BFJ (1986) Multivariate statistical methods. A primer. Chapman & Hall, New York
Marte CL (2003) Larviculture of marine species in Southeast Asia: current research and industry prospect. Aquaculture 227:293–304
Miao S, Tang HC (2002) Bioeconomic analysis of improving management productivity regarding grouper Epinepelus malabaricus farming in Taiwan. Aquaculture 211:151–169
Miao S, Jen CC, Huang CT, Hu SH (2009) Ecological and economic analysis for cobia Rachycentron canadum commercial cage culture in Taiwan. Aquacult Int 17(2):125–141
Mohammad T, Moulick S, Mukherjee CK (2017) Economic feasibility of goldfish (Carassius auratus Linn.) recirculating aquaculture system. Aquac Res 49:2945–2953
Motomura H, Iwatsuki Y, Kimura S, Yoshino T (2002) Revision of the Indo-West Pacific polynemid fish genus Eleutheronema (Teleostei perciformes). Ichthyol Res 49:47–61
Nguyen PV, Huang CT, Hieu TK, Hsiao YJ (2020) Economic evaluation for improving productivity of brine shrimp Artemia franciscana culture in Mekong Delta Vietnam. Aquaculture 536:735425
Shang YC (1990) Aquaculture economic analysis: an introduction. World Aquaculture Society, Baton Rouge
Shaw G (1804) General zoology or systematic natural history, vol 5. Part 1 Pisces. G. Kearsley, London
Shinji J, Nohara S, Yagi N, Wilder M (2019) Bio-economic analysis of super-intensive closed shrimp farming and improvement of management plans: a case study in Japan. Fish Sci 85:1055–1065
Yashiro R, Vatanakul V, Panichsuke P (1999) Status of grouper culture in Thailand. In: Report of the APEC/NACA cooperative grouper aquaculture workshop Hat Yai, Thailand, 7–9 April 1999, pp 27–35. Collaborative APEC Grouper Research and Development Network (FWG 01/99)/Network of Aquaculture Centres in Asia Pacific, Bangkok
Acknowledgements
The research on which this report is based was financed by a grant from the Council of Agriculture, Executive Yuan of the Republic of China under project number 108AS-5.1.1-FA-F1. The authors would also like to thank the farmers who participated in the interviews for providing valuable information on E. tetradactylum farming. The authors wish to express their sincere gratitude to the anonymous reviewers whose valuable suggestions greatly improved this paper.
Author information
Authors and Affiliations
Corresponding author
Additional information
Publisher's Note
Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Rights and permissions
About this article
Cite this article
Huang, CT., Afero, F., Lu, FY. et al. Bioeconomic evaluation of Eleutheronema tetradactylum farming: a case study in Taiwan. Fish Sci 88, 437–447 (2022). https://doi.org/10.1007/s12562-022-01591-4
Received:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s12562-022-01591-4