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Milkfish Production and Processing ... - WorldFish Center

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<strong>Milkfish</strong> <strong>Production</strong> <strong>and</strong> <strong>Processing</strong> Technologies in the Philippines<br />

Table 14. Comparative investment requirements of major culture methods in earthen ponds.<br />

Culture System Extensive Modular Semi-Intensive Intensive<br />

Capital Outlay<br />

Improvements 0,000 40,000 55,000 55,000<br />

Equipment ,000 ,000 1 5,000 195,000<br />

Sub-Total ,000 4 ,000 180,000 50,000<br />

Working Capital 45,500 8,7 7 17 ,676 48,695<br />

TOTAL 67,500 70,7 7 5 ,676 598,695<br />

Table 15. Comparative costs <strong>and</strong> returns of different culture methods in earthen ponds.<br />

Item Extensive Modular Semi-Intensive Intensive<br />

<strong>Production</strong> 1,800 , 14 7,19 11,988<br />

Sales 1 4,999 161,97 5 9,460 899,100<br />

Less:<br />

Variable costs<br />

<strong>Milkfish</strong> fingerlings 10,800 18,511 4 , 00 7 ,000<br />

Lime ,750 ,750 ,750 ,750<br />

Chicken manure 4,000 ,960<br />

Supplemental feed 4, 00 6,57 45 ,146<br />

1-0-0 1,950 ,900 1,950 90<br />

45-0-0 ,700 ,160 ,700 540<br />

16- 0-0 11, 00 19, 00 5,600 1,600<br />

Direct Labor ,000 9,000 ,000 ,000<br />

Gasoline & oil 0,000 80,000<br />

Caretaker 1 ,000 1 ,000 1 ,000 1 ,000<br />

Repairs & maintenance ,000 ,000 5,000 5,000<br />

Harvesting cost 5,400 6,94 1,578 5,964<br />

Caretaker’s incentive ,171 ,967 , 11 8,679<br />

Subtotal 9 ,171 115, 90 77,56 706,069<br />

Fixed costs<br />

Depreciation 4,400 8,400 6,000 50,000<br />

Pond rental 15,000 15,000 15,000 15,000<br />

Subtotal 19,400 ,400 51,000 65,000<br />

Total Costs 11 ,571 1 8,790 4 8,56 771,069<br />

Net income before tax ,4 8 ,18 110,898 1 8,0 1<br />

Undiscounted economic indicators<br />

Unit Cost of <strong>Production</strong> 6 .54 59.98 59.58 64.<br />

Return on Investment % % 1% 1%<br />

Payback Period 5<br />

45

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