Stocking Strategies and an Investment Analysis for Producing Penaeus setiferus as a Live Bait-Shrimp on the Texas Gulf Coast |
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| Authors: | David A. McKee Addison L. Lawrence Wade L. Griffin |
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| Affiliation: | Texas Agricultural Experiment Station, Texas A&M University Shrimp Mariculture Project. Port Aransas, Texas 78373 USA;Agricultural Economics Department, Texas A&M University, College Station. Texas 77843 USA |
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| Abstract: | An economic and investment analysis was performed to determine the viability of bait-shrimp farming in Texas. A single pond analysis producing 5–5.5g shrimp always had higher returns above selected cost (RASC) than producing 4–4.5g shrimp. Stocking 0.01g shrimp had a higher RASC than stocking 0.25g, 0.50g or 0.75g shrimp. In the 20 pond analysis, which accounted for marketing considerations, stocking 0.25g shrimp had the highest RASC. The investment analysis, assuming average management, was declared bankrupt by the end of the fifth year. Under "excellent" management the internal rate of return was only 11.7%. It is unlikely that bait-shrimp farming will become a viable industry in Texas in the near future. |
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