Production economics of the emerging private fish farming industry in Bulgaria

The production economics of the emerging Bulgarian private carp and trout farming industry were assessed by surveying a representative sample of 20 private and state-controlled farms as well as visiting the National Fresh Water Fish Research Institute, the state-owned fish feed production plant and a fish processing plant.The major constraints for the development of profitable fish farming were found to be the lack of capital and the insecurity of tenure, which nonetheless, do not serve to discourage new entrants into the industry. The expected gross margin per tonne of carp produced in reservoirs or earth ponds is USD 487, while a tonne of trout farmed in concrete raceways shows a gross margin figure of USD 525. State-owned trout farms are only available for outright purchase at auctions, whereas carp farms may be rented, but only for a short term.Fish farmers could benefit from organizing themselves into producer groups in order to improve marketing and secure quality inputs. In particular, there is scope to source quality dry fish diets on both economic and environmental grounds.An extension advisory service is needed to support inexperienced new entrants and researchers should urgently evaluate what seem to be the most cost-effective methods of production.