Aquaculture Economics and Financing

274 Pages·2010·1.8 MB·English

by  Carole R. Engle

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Aquaculture Economics and
Financing
Management and Analysis
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Aquaculture Economics and
Financing
Management and Analysis
Carole R. Engle
Aquaculture/FisheriesCenter
UniversityofArkansasatPineBluff
A John Wiley & Sons, Ltd., Publication
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Editionfirstpublished2010
(cid:1)C 2010CaroleR.Engle
BlackwellPublishingwasacquiredbyJohnWiley&SonsinFebruary2007.Blackwell’spublishingprogramhasbeen
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LibraryofCongressCataloging-in-PublicationData
Engle,CaroleRuth,1952–
Aquacultureeconomicsandfinancing:managementandanalysis/CaroleR.Engle.–1sted.
p.cm.
Includesbibliographicalreferencesandindex.
ISBN978-0-8138-1301-1(pbk.:alk.paper) 1.Aquacultureindustry. 2.Aquaculture–Economicaspects.
3.Aquaculture–Finance. I.Title.
HD9450.5.E532010
338.3–dc22
2010013917
AcatalogrecordforthisbookisavailablefromtheU.S.LibraryofCongress.
Setin9.5/11.5ptTimesbyAptara(cid:1)R Inc.,NewDelhi,India
PrintedinSingapore
1 2010
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This book is dedicated to my parents, Mildred Evelyn Orris Engle Wambold,
Glenn Wambold, and Morris Engle, Jr.; my husband, Nathan Stone;
our children Reina, Eric, and Cody; and
to the fish farmers of Arkansas.
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Contents
Preface ix
Acknowledgments xi
I ManagingAquacultureBusinesses 1
1 StartinganAquacultureBusiness 3
2 MarketingAquacultureProducts 13
3 DevelopingaBusinessPlanforAquaculture 23
4 MonitoringEconomicandFinancialPerformanceofAquacultureBusinesses 41
5 FinancinganAquacultureBusiness 57
6 ManagingCashFlow 67
7 ManagingCapitalAssetsinAquacultureBusinesses 81
8 ManagingRiskinAquacultureBusinesses 93
9 ManagingLabor 105
II EconomicandFinancialAnalysisofAquacultureBusinesses 115
10 TheEnterpriseBudgetandPartialBudgetinginAquaculture 117
11 FinancialStatements:BalanceSheetandIncomeStatementinAquaculture 131
12 CashFlowAnalysesinAquaculture 143
13 InvestmentAnalysis(CapitalBudgeting)inAquaculture 159
14 LendinginAquaculture 173
vii
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viii Contents
III ResearchTechniquestoAnalyzeFarm-LevelDecision-Making 183
15 UseandMisuseofEnterpriseandPartialBudgets 185
16 RiskAnalysisinProductionAquacultureResearch 197
17 Whole-FarmModelingofAquaculture 207
18 ManagingGovernmentPoliciesandRegulationinAquacultureBusinesses 219
Bibliography 231
Webliography 235
Glossary 241
Index 255