Economic assessment of investment in automatic feeding systems for sea bass grow-out farms of different sizes
Publication date
2023-04-27ISSN
0893-8849
Abstract
The aim of this work was to run an economic assessment of investment in automatic feeding systems for grow-out farms of different sizes producing European sea bass in the Mediterranean Sea. For this, we have used an economic model to simulate the annual income statement of a typical farm with different production volumes: a small-sized farm with a production of 413 tons/year, a medium-sized farm of 1122 tons/year, and a large-sized farm of 2539 tons/year. With the values obtained in the simulation, we have carried out partial budget and investment analyses to estimate the economic value of this investment decision. To complement our economic assessment, a sensitivity analysis has also been run to include risk in the investment decision. Our findings show that the implementation of automatic feeding systems in sea bass grow-out farms would be a good economic decision, regardless of the farm size, since there are technological options suitable for different farm sizes and capital investment capacities. Consequently, innovation and investment in feeding management should not be impeded or limited by the farm size.
Document Type
Article
Document version
Published version
Language
English
Subject (CDU)
637 - Produce of domestic (farmyard) animals and game
Pages
10
Publisher
Wiley
Is part of
Journal of the World Aquaculture Society
Citation
Fernández Sánchez, José L., Bernardo Basurco, Cristóbal Aguilera. 2023. “Economic assessment of investment in automatic feeding systems for sea bass grow-out farms of different sizes”. Journal of the World Aquaculture Society. doi:10.1111/jwas.12950
Grant agreement number
EC/H2020/727315/EU/Mediterranean Aquaculture Integrated Development/MedAID
Program
Aqüicultura
This item appears in the following Collection(s)
- ARTICLES CIENTÍFICS [2831]
Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc-nd/4.0/