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Production, Price And Risk Factors In Channel Catfish Farming

Author

Listed:
  • Hanson, Gregory D.
  • Martin, Neil R., Jr.
  • Flynn, John B.

Abstract

The effects of several production/management, price and risk factors upon channel catfish profitability are analyzed with a multiperiod mixed-integer linear programming model. Factors analyzed include pond size and optimal stocking rates, alternate levels and trends in catfish prices, pond production losses and level of family consumption withdrawals. Model results indicate that channel catfish offer the potential to significantly increase farm rates of return while providing an avenue of intensive farm growth, without expanding the land base of the farm. However, the long range financial success of the firm was very sensitive to several of the management and risk factors examined.

Suggested Citation

  • Hanson, Gregory D. & Martin, Neil R., Jr. & Flynn, John B., 1984. "Production, Price And Risk Factors In Channel Catfish Farming," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-10, July.
    • Handle: RePEc:ags:sojoae:29618
    DOI: 10.22004/ag.econ.29618
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    References listed on IDEAS

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    1. John R. Brake, 1968. "Firm Growth Models often Neglect Important Cash Withdrawals," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 769-772.
    2. Gary D. Condra & James W. Richardson, 1983. "Farm Size Evaluation in the El Paso Valley: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 344-348.
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    Cited by:

    1. Kinnucan, Henry W. & Cacho, Oscar J. & Hanson, Gregory D., 1986. "Effects Of Selected Tax Policies On Management And Growth Of A Catfish Enterprise," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-11, December.
    2. Kinnucan, Henry & Sullivan, Gregory, 1986. "Monopsonistic Food Processing and Farm Prices: The Case of the West Alabama Catfish Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 15-24, December.
    3. Boggess, William G. & Anaman, Kwabena A. & Hanson, Gregory D., 1985. "Importance, Causes, And Management Responses To Farm Risks: Evidence From Florida And Alabama," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-12, December.

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    Keywords

    Production Economics; Risk and Uncertainty;

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