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Introduction to Crawfish Economics

Introduction to Crawfish Economics . Matt Parker NCDA & CS Aquaculture Business Specialist. Assumptions. Land is already owned Fixed costs NOT included Initial stocking density of 75 lbs crawfish/acre Harvest of 650 lbs/acre Zero sales first year Sales price of $2.50/lb

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Introduction to Crawfish Economics

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  1. Introduction to Crawfish Economics Matt Parker NCDA & CS Aquaculture Business Specialist

  2. Assumptions • Land is already owned • Fixed costs NOT included • Initial stocking density of 75 lbs crawfish/acre • Harvest of 650 lbs/acre • Zero sales first year • Sales price of $2.50/lb • Each pond is 10 acres • 20 traps/acre

  3. Initial Investment

  4. First Year of Operation

  5. Years 2 and Beyond

  6. Years 2 and Beyond

  7. Crawfish Summary • Economies of scale • Larger farms are more profitable • Need to have enough money to operate the first year with zero income from crawfish • Can be very profitable as supplemental income • Where are you going to sell them? • Fixed cost can triple production costs

  8. Further Assistance and Information • NCDA & CS Publications and Staff • http://www.ncagr.com/aquacult/pubs.html • Matt Parker • NC Cooperative Extension Service • Mike Frinsko and Steve Gabel • Other Farmers • Aquanic • http://www.aquanic.org

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