Economic Feasibility of Aquaculture of the Giant Barnacle<i>Austromegabalanus psittacus</i>in Southern Chile

Bedecarratz, Paula C.; López, Daniel; López, Boris A.; Mora, Oscar A.

doi:10.2983/035.030.0122

Cited by 17 publications

(17 citation statements)

References 35 publications

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“…Due to its quality, the value of giant barnacle meat on the external market, like that of other crustaceans, is high, even exceeding other luxury products (PROCHILE, 2006(PROCHILE, , 2007Bedecarratz et al, 2011). This would mean higher sale prices and improved economic results.…”

Section: Discussionmentioning

confidence: 99%

“…Even other product formats, such as canned meat or fresh "picoroco", which have been experimentally elaborated and exported, could achieve better sale prices and profitability levels. (Bedecarratz et al, 2011). The unitary cost is compatible with commercial cultures.…”

Section: Discussionmentioning

confidence: 99%

“…They correspond to empirical data obtained from the three culture sites. The relative costs of supplies and processes are calculated on the basis of empirical data, according to Bedecarratz et al (2011).…”

Section: Economic Analysismentioning

confidence: 99%

“…Therefore, it is essential to evaluate the economic attractiveness of giant barnacle aquaculture. Recent research based on empirical data has shown that this species is economically feasible as a product exportable to the Japanese market (Bedecarratz et al, 2011).…”

Section: Introductionmentioning

confidence: 99%

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Diversification of Chilean aquaculture: the case of the giant barnacle Austromegabalanus psittacus (Molina, 1782)

López

Arriagada

et al. 2012

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ABSTRACT.Evidence is presented supporting the technical and economic possibilities of giant barnacle Austromegabalanus psittacus (Molina, 1782) culture, one of the main alternatives for diversifying aquaculture in Chile. Spat collection from the wild varied between different sites in the north and south of the country and according to type of artificial collector. Growth also varied between sites (greater in the north), technological systems (greater in tubular systems) and depths (greater at 4 m). Average commercial size in the national market was reached over a period between 18 and 24 months. A long-line can produce between 7 to 10 gross ton during this period, therefore average annual fisheries production can be reached with only 10 to 30 longlines, in an area of 1 to 3 ha. There is demand for this resource in the external market, particularly in the Japanese market, either as product similar to "fujit subo" (Balanus rostratus), or as a new resource; the relationship between production costs and price determines that giant barnacle culture has commercial potential. Economic indicators for cultured giant barnacle were as follows: net present value (NPV): US$ 490,000; internal rate of return (IRR): 32%; discounted payback period (DPBP): 4 years. Results obtained suggest the natural bank repopulation option, and the development of mass cultures. Giant barnacle culture is based on biological characteristics that differentiate it from other crustaceans species, as well as simple and economic production technologies and favourable economic projections on external markets. Keywords: Austromegabalanus psittacus, barnacle culture, spat collection, commercial size, aquaculture diversification, Chile. Diversificación de la acuicultura chilena: el caso del cirripedio giganteAustromegabalanus psittacus (Molina, 1782) RESUMEN. Se presentan evidencias de las posibilidades técnicas y económicas del cultivo del cirripedio gigante o "picoroco", Austromegabalanus psittacus (Molina, 1782). Esta especie es una de las principales alternativas para la diversificación de la acuicultura en Chile. La captación de semilla desde el ambiente varió entre distintos sitios del norte y sur del país y según el tipo de colector artificial. El crecimiento también varió entre localidades (mayor en el norte del país), el tipo de sistema (mayor en sistemas tubulares) y profundidad (mayor a 4 m). La talla comercial promedio del mercado nacional se alcanzó entre 18 y 24 meses. Un longline puede producir entre 7 y 10 ton brutas en ese periodo, por lo que la producción promedio anual por pesquería se puede alcanzar con sólo 10 a 30 long-lines, en un área de 1 a 3 ha. Existe demanda de este recurso en el mercado externo particularmente en el mercado japonés sea como símil del "fujit subo" (Balanus rostratus) o como recurso nuevo; las relaciones de costos de producción y precios indican que tienen potencialidades en cultivos comerciales. Los indicadores económicos para el picoroco congelado proveniente de cultivo fueron los siguientes: el valor actuali...

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Economic Analysismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Diversification of Chilean aquaculture: the case of the giant barnacle Austromegabalanus psittacus (Molina, 1782)

López

Arriagada

et al. 2012

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“…The typical characteristics of food production have been the subject of several studies in Italy, which revealed the strategies essential to ensuring the profitability of firms (Lanfranchi et al, 2014;Sgroi et al, 2014;Tudisca et al, 2014a;Carluccia et al, 2015) and performed analyses of the costs involved (Tudisca et al, 2013;Tudisca et al, 2014b;Iotti and Bonazzi, 2014a) even considering technical and economic analysis (Strano et al, 2014). These analyses have played an extensive role in the international development of the aquaculture sector (Copeland et al, 2005;Bozoglu and Ceyhan, 2009;Bedecarratz et al, 2011).…”

Section: Introductionmentioning

confidence: 99%

Profitability and Financial Sustainability Analysis in Italian Aquaculture Firms by Application of Economic and Financial Margins

Iotti¹,

Bonazzi²

2015

American Journal of Agricultural and Biological Sciences

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Agricultural Firms operating in the aquaculture sector in Italy are often characterized by high investment and high capital intensity. In fact, these companies need to develop structures and breeding systems to generate adequate cash flow to repay their investment in fixed assets. In addition, the biological cycle of breeding further extends the need for capital, in this case to finance working capital. There is therefore often a mismatch between the economic and financial cycles, wherein profit margins may differ from financial margins. In this way, such companies have an economic advantage but no sustainable financial cycle. In these cases, several crisis may force companies to default, especially when firns are unable to cover debt repayment. This difficulty is particularly present in Italy, where aquaculture firms are often Small and Medium Enterprises (SMEs) and therefore have greater difficulty than large companies accessing the capital market. Our research evaluates the cost effectiveness and financial sustainability of a sample of forty firms operating in the aquaculture sector in Italy, within a timespan of five years, through comparative analysis of the economic and financial margins. The analysis shows that such firms are capital intensive (TA/VP of median value is 1.16%). Financial debt emerges as the first source of capital then increasing companies' financial dependence through credit systems and borrowing costs. Firms have a particular absorption in the NWC cycle, with I_DAYS being 143.29 days, AR_DAYS being 72.75 and 145.51 AP_DAYS expressing financial operating cycle (I_DAYS + AR_DAYS -AP_DAYS) with a length of 70.53 days. Profit margins, even if they are correlated with financial margins, are lower on average. The research highlights that economic model worst explains FCFE (F = 0.011 and adjusted R 2 = 0.803), while the financial model best explains FCFE (F = 0.000 and adjusted R 2 = 0.922). Our research will be further developed through analyzing cooperatives, unincorporated partnerships and sole proprietorships. It may also be useful to undertake a comparative analysis of aquaculture firms operating in other countries of the Mediterranean basin.

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A bioenergetic approach for a novel aquaculture species, the giant barnacle Austromegabalanus psittacus (Molina, 1788): Effects of microalgal diets on larval development and metabolism

Pineda

Gebauer

Briceño

et al. 2021

Aquaculture Reports

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Economic Feasibility of Aquaculture of the Giant BarnacleAustromegabalanus psittacusin Southern Chile

Cited by 17 publications

References 35 publications

Diversification of Chilean aquaculture: the case of the giant barnacle Austromegabalanus psittacus (Molina, 1782)

Diversification of Chilean aquaculture: the case of the giant barnacle Austromegabalanus psittacus (Molina, 1782)

Profitability and Financial Sustainability Analysis in Italian Aquaculture Firms by Application of Economic and Financial Margins

A bioenergetic approach for a novel aquaculture species, the giant barnacle Austromegabalanus psittacus (Molina, 1788): Effects of microalgal diets on larval development and metabolism

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