The Economics of Salmon Aquaculture

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 Bj rndal, 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.

First published in 1990, The Economics of Salmon Aquaculturewas the first book to systematically analyse the salmon aquacultureindustry, from both a market and production perspective. Sincepublication of the first edition of this book, the salmonaquaculture industry has grown at a phenomenal rate, with salmonnow being consumed in more than 100 countries worldwide. Thissecond edition of a very popular and successful book brings thereader right up to date with all the major current issuespertaining to salmon aquaculture.Commencing with an overview of the production process inaquaculture, the following chapters provide in-depth coverage ofthe sources of the world's supply of salmon, the growth inproductivity, technological changes, environmental issues, marketsmarket structure and competitiveness, lessons that can be learntfrom the culture of other species, optimal harvesting techniquesproduction planning, and investment in salmon farms.Written by Frank Ashe and Trond Bjørndal, two of theworld's leading experts in the economics of aquaculture, thissecond edition of The Economics of Salmon Aquacultureprovides the salmon aquaculture industry with an essentialreference work, including a wealth of commercially importantinformation. This book is also a valuable resource for upper levelstudents and professionals in aquaculture and economics, andlibraries in all universities and research establishments wherethese subjects are studied and taught should have copies of thisimportant book on their shelves.

Preface.1 Introduction.2 The Production Process in Aquaculture.2.1 Salmon production.Bibliography.3 The Supply of Salmon.3.1 Farmed salmon production.3.2 Wild salmon production.3.3 Regulation of salmon aquaculture.3.4 The growth of large multinational companies.Bibliography.4 Productivity Growth and Technological Change.4.1 Declining costs.4.2 Scale.4.3 Structure of production costs.4.4 Smolt production.4.5 Improved feed quality.4.6 Diseases and increased survival rates.4.7 Breeding.4.8 Cycles in profitability.4.9 Catching up: regional differences.4.10 Productivity development in Norway relative to otherproducers.4.11 Cost reductions in the supply chain.Bibliography.5 Environmental Issues.5.1 The fi sh meal trap.5.2 Local issues.Bibliography.6 Markets for Salmon.6.1 The European Union markets.6.2 The Japanese salmon market.6.3 The United States salmon market.6.4 The Russian market.6.5 Price development.Bibliography.7 Competitiveness and Market Structure.7.1 What is a market?7.2 The salmon market.7.3 The size of the market.7.4 Salmon marketing.7.5 Trade restrictions.Appendix: a market model.Testing for market interactions.Bibliography.8 Lessons for Other Farmed Species.8.1 Other farmed species.8.2 Lessons from other farmed species.Bibliography.9 Optimal Harvesting of Farmed Fish.9.1 A biological model.9.2 Bioeconomic analysis.9.3 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.10 Production Planning in a Salmon Farm.10.1 Cash fl ow analysis.10.2 Smolt release and biomass growth.10.3 Sales revenue.10.4 Feeding costs.10.5 Net present value.10.6 Selective harvesting.11 Investment in a Salmon Farm.11.1 A production plan.11.2 A liquidity budget.11.3 Cost of production.11.4 Investing in a new aquaculture company.11.5 Licence value.11.6 Buying a fish farming company.References.Index.