Milkfish Production and Processing ... - WorldFish Center
Milkfish Production and Processing ... - WorldFish Center
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