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Estimated Costs and Returns for Catfish Farms With Recirculating Ponds Along the Upper Texas Coast*
Published online by Cambridge University Press: 28 April 2015
Abstract
Cost, returns, and economies of scale for small, medium and large catfish farms with recirculating ponds are presented for the upper Texas coast. Internal rates of return are 0.150, 0.183 and 0.219, respectively. Total investment is higher than farms with static ponds but investment per unit production capacity is 7 percent to 16 percent lower. Average total cost per pound is between $0,565 and $0,541, (11 percent-20 percent lower than farms using current technology). These results have implications for regional comparative advantage of catfish production as well as incentive for adoption of new technology in conventional ponds.
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- Copyright © Southern Agricultural Economics Association 1993
Footnotes
Technical Article 31246 of the Texas Agricultural Experiment Station, Texas A&M University, College Station, Texas
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