IDEAS home Printed from https://ideas.repec.org/a/gam/jbusin/v2y2022i3p19-299d876340.html
   My bibliography  Save this article

A Business Analysis of Innovations in Aquaculture: Evidence from Israeli Sturgeon Caviar Farm

Author

Listed:
  • Gad Degani

    (MIGAL—Galilee Research Institute, Kiryat Shmona 1101602, Israel
    Faculty of Sciences, Tel-Hai College, Upper Galilee, Kiryat Shmona 1220800, Israel)

  • Gregory Yom Din

    (MIGAL—Galilee Research Institute, Kiryat Shmona 1101602, Israel)

Abstract

The background of this study is related to the tendencies in caviar production and prices in the world. The objective of the study is to evaluate and compare the profitability of different sturgeon sex determination methods for the conditions of aquaculture farms in northern Israel. We present the economic valuation of the technological innovation of early sex determination in this aquaculture industry. The production of sturgeon biomass exceeded the fishery harvest during the 1970–1980s by more than four times. There was a significant decline in world caviar prices the last time. The aquafarming business has a high potential economic value in the region of northern Israel. Based on the empirical data of the Caviar Galilee farm in this region, we examine the economic benefits of the innovation in sturgeon sex determination, including the case of a possible decrease in caviar price. Using the bio-economic model for a sturgeon caviar farm in two versions (for each of the considered sex determination methods, the endoscopy method and the early sex determination method), we show the economic advantages of this innovation of 9–34% for different financial highlights compared to the traditional method of sturgeon sex determination. The study empirically illustrates the economic advantages of the cooperation between aquaculture farming and research institutes. Our study suggests that additional directions in research should be sought in order to increase the profitability of sturgeon farms, especially when the world caviar prices decline. Further research can be conducted for additional regions and data.

Suggested Citation

  • Gad Degani & Gregory Yom Din, 2022. "A Business Analysis of Innovations in Aquaculture: Evidence from Israeli Sturgeon Caviar Farm," Businesses, MDPI, vol. 2(3), pages 1-10, July.
    • Handle: RePEc:gam:jbusin:v:2:y:2022:i:3:p:19-299:d:876340
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2673-7116/2/3/19/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2673-7116/2/3/19/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gad Degani & Dan Levanon & Gregory Yom Din, 2021. "Academic Research, Higher Education, and Peripheral Development: The Case of Israel," Economies, MDPI, vol. 9(3), pages 1-9, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. António Raposo & Hmidan A. Alturki & Rabab Alkutbe & Dele Raheem, 2023. "Eating Sturgeon: An Endangered Delicacy," Sustainability, MDPI, vol. 15(4), pages 1-16, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jbusin:v:2:y:2022:i:3:p:19-299:d:876340. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.