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Cost Benefit Analysis of Aquaculture in Northern Part of Bangladesh

Md. Saiful Islam*
Bangladesh Fisheries Research Institute, Mymensingh-2201, Bangladesh

Md Sydur Rahman
Department of Fisheries, Government Republic of Bangladesh, Dhaka, Bangladesh

Farzana Akter
Department of Fisheries, Government Republic of Bangladesh, Dhaka, Bangladesh

Md. Moniruzzaman
Bangladesh Fisheries Research Institute, Mymensingh-2201, Bangladesh

Abstract/ Executive Summary:

The study was conducted for a period of five months (July 2016 to October 2016). Northern Bangladesh has a great potential for aquaculture development. Farmers in this region practice aquaculture in many patterns. The study investigated the production economics and profitability of aquaculture practicing in Northern Bangladesh. The study shows aquaculture in Northern Bangladesh is feasible and profitable with a cost-benefit ratio of 1:0.50 for commercial fish culture. The per hectare total cost of production of commercial fish culture are BDT 1, 58,930 and the per hectare net returns of commercial fish culture, BDT 2, 44,075. However, the farmers made the highest profit from commercial fish culture. These factors are directly or jointly responsible for influencing the per hectare net returns of all types of aquaculture. The sensitivity analysis shows that the variable costs including cost of fertilizers, fish feeds and fish seeds are the main factors affecting profitability.

Keywords: Aquaculture, CBR, Cost, Income, Northern Bangladesh

Location: Kaunia Upazilla under the Rangpur district of Bangladesh

Start Date: 00-07-2016

End Date: 00-10-2016

Program Area: Socio-economic and Policy

Non-commodity: Profit

Objectives:

The development of aquaculture production technology is a continuous process. System approach should be addressed in the education and research process so that we can find the need or problem of rural farmers and thereby suggest for appropriate aquaculture technology.

Methodology:

Study area: The present study was conducted in Kaunia Upazilla under the Rangpur district of Bangladesh for a period of four months (July 2016 to October 2016). Data collection During the study data were collected by applying survey method and interview method. From the selected pond, data were collected through the direct inspection of this pond using a standard questionnaire. The individuals were selected for face to face interviews using a structured questionnaire.

Cost-benefit analysis The total expenditure during the culture period (includes fixed and variable costs are summation) and the total income from fish productions were recorded, finally the total expenditure was subtracting from the total incomes and got the benefit.

Specific Growth Rate (SGR %) = (LogW₂ - LogW₁) / (T₂ - T₁) x100

Where, W₂ = Weight of fish at time T₂; W₁ = Weight of fish at time T₁; T2– T₁ = Culture period

Article Link (Online Journal):

Funding Source:

Budget:

Total Budget (Tk.) :

Achievement/Findings:

Fisheries sector has great contribution in livelihood development and nutrition for rural people of Bangladesh. But the immense potential of this sector has remained largely unutilized due to ignorance of such potential resources and lack of technical knowledge in this respect in Bangladesh, aquaculture was developed mainly as a rural, act integrated into existing farming system. The farmer in the study pond followed more or less semi-intensive fish culture system. The fish production of carp culture could be increased in a sustainable way, if the fish farmer follow the proper semi-intensive fish culture management techniques and provide with better culture technique in need-based approach. The farmer took necessary steps in the pre-stocking, stocking and post-stocking stage. The pond fish culture was reported mainly with three native and five exotic species. Due to high growth rate and suitable environment, exotic fishes like monosex tilapia, silver carp and common carp occupied the major culture species the study pond. No native small species was cultured due to its less growth and seed unavailability. Water quality of the study pond was found as suitable for fish culture. The natural fish food organisms were observed insufficient level that's why the production of the study pond was desired to the farmer.

Knowledge Management: Journal