Journal of Fisheries and Marine Sciences Education (수산해양교육연구)

The Korean Society for Fisheries and Marine Sciences Education (한국수산해양교육학회)
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Profitability Analysis of Flatfish Fry Production Farms

광어 종자생산업체의 수익성 분석

  • Received : 2016.09.19
  • Accepted : 2016.11.03
  • Published : 2016.12.31
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Abstract

This study is aimed to analyze the profitability of flatfish fry production farms in the Republic of Korea. The continuous and stable production of flatfish fries is one of important factors that increases the possibility of flatfish aquaculture's success. It is also the basis of aquaculture industry that estimates the quantity and quality of fishery products from aquaculture. Based on the surveyed data, production values and costs of flatfish fry production are estimated and compared to determine the profitability of flatfish fry production by farm. Results show that average return on sales of farms is 21.2%(12.4~26.3%), indicating that flatfish fry production would be profitable under the current production and market conditions. Sensitivity analyses of main variables (survival rate and selling price) indicate that the profitability of flatfish fry production farms can be significantly decreased when the survival rate and selling price would be slightly decreased.

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