Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing
The feasibility of ranching wild cod in 'herds' was compared with three other scenarios: on-growing of wild cod in sea cages, full-cycle cod farming with hatchery produced juveniles, and commercial cod fishery. In the calculations it was assumed that an existing fishing company could eithe...
Main Authors: | , , |
---|---|
Format: | Article in Journal/Newspaper |
Language: | unknown |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S0308597X11000510 |
id |
ftrepec:oai:RePEc:eee:marpol:v:36:y:2012:i:1:p:11-17 |
---|---|
record_format |
openpolar |
spelling |
ftrepec:oai:RePEc:eee:marpol:v:36:y:2012:i:1:p:11-17 2024-04-14T08:11:51+00:00 Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing Halldórsson, Jón E. Björnsson, Björn Gunnlaugsson, Stefán B. http://www.sciencedirect.com/science/article/pii/S0308597X11000510 unknown http://www.sciencedirect.com/science/article/pii/S0308597X11000510 article ftrepec 2024-03-19T10:31:28Z The feasibility of ranching wild cod in 'herds' was compared with three other scenarios: on-growing of wild cod in sea cages, full-cycle cod farming with hatchery produced juveniles, and commercial cod fishery. In the calculations it was assumed that an existing fishing company could either fish, ranch or on-grow 200 tons of cod quota to increase the quota yield or sell it to invest in full-cycle farming. The results indicate ranching to be the most profitable, fishing as the second and on-growing as the third, whereas full-cycle farming appears to be unrewarding. The net present value (NPV) of the four scenarios was [euro]754Â 000, [euro]532Â 000, [euro]198Â 000 and [euro]-95Â 000, respectively. Ranching based on aggregating and growing wild cod in a reserved coastal area with anthropogenic feeding thus has the potential of decreasing the cost of fishing, improving growth rate and enhancing quota yield without the investments required in conventional farming. As cod ranching is in the initial stages of development the risks are higher than in the well established cod fishery. Cod farming Cod ranching Feasibility Fisheries On-growing Profitability Article in Journal/Newspaper Gadus morhua RePEc (Research Papers in Economics) |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
The feasibility of ranching wild cod in 'herds' was compared with three other scenarios: on-growing of wild cod in sea cages, full-cycle cod farming with hatchery produced juveniles, and commercial cod fishery. In the calculations it was assumed that an existing fishing company could either fish, ranch or on-grow 200 tons of cod quota to increase the quota yield or sell it to invest in full-cycle farming. The results indicate ranching to be the most profitable, fishing as the second and on-growing as the third, whereas full-cycle farming appears to be unrewarding. The net present value (NPV) of the four scenarios was [euro]754Â 000, [euro]532Â 000, [euro]198Â 000 and [euro]-95Â 000, respectively. Ranching based on aggregating and growing wild cod in a reserved coastal area with anthropogenic feeding thus has the potential of decreasing the cost of fishing, improving growth rate and enhancing quota yield without the investments required in conventional farming. As cod ranching is in the initial stages of development the risks are higher than in the well established cod fishery. Cod farming Cod ranching Feasibility Fisheries On-growing Profitability |
format |
Article in Journal/Newspaper |
author |
Halldórsson, Jón E. Björnsson, Björn Gunnlaugsson, Stefán B. |
spellingShingle |
Halldórsson, Jón E. Björnsson, Björn Gunnlaugsson, Stefán B. Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing |
author_facet |
Halldórsson, Jón E. Björnsson, Björn Gunnlaugsson, Stefán B. |
author_sort |
Halldórsson, Jón E. |
title |
Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing |
title_short |
Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing |
title_full |
Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing |
title_fullStr |
Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing |
title_full_unstemmed |
Feasibility of ranching coastal cod (Gadus morhua) compared with on-growing, full-cycle farming and fishing |
title_sort |
feasibility of ranching coastal cod (gadus morhua) compared with on-growing, full-cycle farming and fishing |
url |
http://www.sciencedirect.com/science/article/pii/S0308597X11000510 |
genre |
Gadus morhua |
genre_facet |
Gadus morhua |
op_relation |
http://www.sciencedirect.com/science/article/pii/S0308597X11000510 |
_version_ |
1796309578923638784 |