Aquaculture Economics and Financing: Management and Analysis

Preface ix

Acknowledgments xi

I Managing Aquaculture Businesses 1

1 Starting an Aquaculture Business 3

2 Marketing Aquaculture Products 13

3 Developing a Business Plan for Aquaculture 23

4 Monitoring Economic and Financial Performance of Aquaculture Businesses 41

5 Financing an Aquaculture Business 57

6 Managing Cash Flow 67

7 Managing Capital Assets in Aquaculture Businesses 81

8 Managing Risk in Aquaculture Businesses 93

9 Managing Labor 105

II Economic and Financial Analysis of Aquaculture Businesses 115

10 The Enterprise Budget and Partial Budgeting in Aquaculture 117

11 Financial Statements: Balance Sheet and Income Statement in Aquaculture 131

12 Cash Flow Analyses in Aquaculture 143

13 Investment Analysis (Capital Budgeting) in Aquaculture 159

14 Lending in Aquaculture 173

III Research Techniques to Analyze Farm-Level Decision-Making 183

15 Use and Misuse of Enterprise and Partial Budgets 185

16 Risk Analysis in Production Aquaculture Research 197

17 Whole-Farm Modeling of Aquaculture 207

18 Managing Government Policies and Regulation in Aquaculture Businesses 219

Bibliography 231

Webliography 235

Glossary 241

Index 255