ISSN : 0975-3710
EISSN : 0975-9107
K. THRIVENI1*, R. JAYARAMAN2, M. RAJAKUMAR3, P. HARIBABU4, D. RAVINDRA KUMAR REDDY5, N. JESINTHA6
1Department of Fisheries Economics and Statistics, Collage of Fishery Science, Muthukur, Nellore, 524 344, Sri Venkateswara Veterinary University, Tirupati, 517502, Andhra Pradesh, India
2Fisheries College and Research Institute, Thoothukudi, 628008, Tamil Nadu Dr. J. Jayalalithaa Fisheries University, Nagapattinam, 611002, Tamil Nadu, India
3Fisheries College and Research Institute, Thoothukudi, 628008, Tamil Nadu Dr. J. Jayalalithaa Fisheries University, Nagapattinam, 611002, Tamil Nadu, India
4Department of Fisheries Economics and Statistics, Collage of Fishery Science, Muthukur, Nellore, 524 344, Sri Venkateswara Veterinary University, Tirupati, 517502, Andhra Pradesh, India
5Department of Fisheries Economics and Statistics, Collage of Fishery Science, Muthukur, Nellore, 524 344, Sri Venkateswara Veterinary University, Tirupati, 517502, Andhra Pradesh, India
6Department of Fisheries Economics and Statistics, Collage of Fishery Science, Muthukur, Nellore, 524 344, Sri Venkateswara Veterinary University, Tirupati, 517502, Andhra Pradesh, India
* Corresponding Author : thrivenialn@gmail.com
Received : 02-08-2020 Accepted : 23-08-2020 Published : 30-08-2020
Volume : 12 Issue : 16 Pages : 10130 - 10133
Int J Agr Sci 12.16 (2020):10130-10133
Keywords : Aquaculture, Economics, Cost-plus pricing, Cost function analysis
Academic Editor : Dr Vijaya Lakshmi V, B. Senturk, Dr Jai P. Rai, Dr Renu Agrawal, Dr Payal Jain
Conflict of Interest : None declared
Acknowledgements/Funding : Authors are thankful to Department of Fisheries Economics and Statistics, Collage of Fishery Science, Muthukur, Nellore, 524 344, Sri Venkateswara Veterinary University, Tirupati, 517502, Andhra Pradesh, India
Author Contribution : All authors equally contributed
For the success of India’s economic reforms, foreign trade has a pivotal role to play in the economic growth. Aquaculture, also referred to as ornamental fish culture is a promising alternative for employment and income generation in domestic and export markets. The study was taken up to analyze the economics of Aquaculture by applying alternative costing techniques such as cost-plus method in Nellore district during the period 2018-2019. The results revealed that about 44% of the farmers had Aquaculture as their primary occupation and the estimated total cost was Rs. 30,76,920 of which total variable cost and total fixed cost accounted for 67% and 33%, respectively. The benefit cost ratio on total cost and total variable cost bases were 1.35 and 2.03, respectively, indicating the profitability of the venture. While the mean mark-up by cost- plus method was the highest for Guppy, ordinary molly and sword tail (37.98%), net return was the highest for Cichlids (Rs. 23966.16). The estimated total cost function showed that the marginal costs were 38%, 29% and 23% lower than their average selling price for ordinary platy, guppy and ordinary molly, respectively, indicating the profitability in producing them more.
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