6533b83afe1ef96bd12a7b1b

RESEARCH PRODUCT

Economic comparison between offshore and inshore aquaculture production systems of European sea bass in Italy

Anna Maria Di TrapaniFilippo SgroiSalvatore TudiscaRiccardo Testa

subject

Cost–benefit analysisbusiness.industryInternal rate of returnAquatic ScienceBiologyNet present valueFisheryAquacultureCost–benefit analysis Dicentrarchus labrax Financial indicators Monte Carlo analysis Sensitivity analysisSettore AGR/01 - Economia Ed Estimo RuraleProduction (economics)MaricultureProfitability indexSea bassbusiness

description

Abstract Offshore production system is predicted to increase in the near future driven by the lack of coastal space and lower environmental impacts. The aim of this paper has been to evaluate the economic performance of offshore production system respect to inshore one, by comparing net present value (NPV), discounted payback time (DPBT) and internal rate of return (IRR) of two Italian mariculture farms that produce European sea bass. Results showed a better economic profitability of offshore farm, even if sensitivity analysis revealed that financial indicators of both aquaculture production systems have been very sensitive to market condition changes. So, offshore production system could represent an opportunity for fish farmers to increase their profitability, obtaining a more sustainable production and avoiding possible conflicts with other human activities in coastal areas.

yearjournalcountryeditionlanguage
2014-10-01Aquaculture
https://doi.org/10.1016/j.aquaculture.2014.09.001