2nd ed. — John Wiley & Sons, 2011. — 248 p.First published in 1990, The Economics of Salmon Aquaculture was the first book to systematically analyse the salmon aquaculture industry, from both a market and production perspective. Since publication of the first edition of this book, the salmon aquaculture industry has grown at a phenomenal rate, with salmon now being consumed in more than 100 countries worldwide. This second edition of a very popular and successful book brings the reader right up to date with all the major current issues pertaining to salmon aquaculture.
Commencing with an overview of the production process in aquaculture, the following chapters provide in-depth coverage of the sources of the world’s supply of salmon, the growth in productivity, technological changes, environmental issues, markets, market structure and competitiveness, lessons that can be learnt from the culture of other species, optimal harvesting techniques, production planning, and investment in salmon farms.Written by Frank Ashe and Trond Bjørndal, two of the world's leading experts in the economics of aquaculture, this second edition of The Economics of Salmon Aquaculture provides the salmon aquaculture industry with an essential reference work, including a wealth of commercially important information. This book is also a valuable resource for upper level students and professionals in aquaculture and economics, and libraries in all universities and research establishments where these subjects are studied and taught should have copies of this important book on their shelves.Content.
Preface.
Introduction.
The Production Process in Aquaculture.
Salmon production.
Biological system.
The grow-out phase.
The physical system.
Bibliography.
The Supply of Salmon.
Farmed salmon production.
Norway.
Chile.
United Kingdom.
Canada.
Other farmed salmon producers.
Wild salmon production.
Regulation of salmon aquaculture.
Norway.
Scotland.
Chile.
The growth of large multinational companies.
Bibliography.
Productivity Growth and Technological Change.
Declining costs.
Scale.
Structure of production costs.
Smolt production.
Improved feed quality.
Diseases and increased survival rates.
Breeding.
Cycles in profi tability.
Catching up: regional differences.
Productivity development in Norway.
relative to other producers.
Cost reductions in the supply chain.
Bibliography.
Environmental Issues.
The fish meal trap.
Fisheries management.
The markets for oil meals.
Concluding remarks on the fi sh meal trap.
Local issues.
Organic waste.
Antibiotics and chemicals.
Salmon escapees and sea lice.
Concluding remarks.
Bibliography.
Markets for Salmon.
The European Union markets.
France.
Germany.
United Kingdom.
Spain.
Italy.
Denmark.
Poland.
The Japanese salmon market.
Japanese salmon supply.
Outlook for the Japanese salmon market.
The United States salmon market.
US seafood consumption.
Imported fresh and frozen salmon.
Market trends.
The Russian market.
Price development.
Real versus nominal price.
Exchange rates.
Prices in different markets.
Prices in different weight classes and for different.
product forms.
Bibliography.
Competitiveness and Market Structure.
What is a market? .
Market size.
Market power.
The salmon market.
Pacific salmon.
The early development of the Atlantic salmon market.
Early development of the farmed Pacifi c salmon.
and salmon trout market.
Fresh versus frozen.
Declining prices, new sales outlets and product forms.
Salmon and supermarket chains: a marriage made in heaven.
The size of the market.
Salmon marketing.
Health benefits, food scares and environmental concerns.
Trade restrictions.
Trade restrictions in the salmon market.
Appendix: a market model.
Testing for market interactions.
Bibliography.
Lessons for Other Farmed Species.
Other farmed species.
Shrimp.
Sea bass and sea bream.
Turbot.
Tilapia.
Other species.
Lessons from other farmed species.
Bibliography.
Optimal Harvesting of Farmed Fish.
A biological model.
Bioeconomic analysis.
Zero costs.
Harvesting costs.
Feed costs.
The rotation problem.
Appendix: optimal harvesting of farmed fish.
A biological model.
Bioeconomic analysis.
Harvesting costs.
Feed costs.
Feed and harvesting costs.
The rotation problem.
Optimal harvesting: examples.
Bibliography.
Production Planning in a Salmon Farm.
Cash flow analysis.
Smolt release and biomass growth.
Sales revenue.
Feeding costs.
Net present value.
Selective harvesting.
Investment in a Salmon Farm.
A production plan.
A liquidity budget.
Cost of production.
Investing in a new aquaculture company.
Licence value.
Buying a fish farming company.
References.
Index.
