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Aquaponics Economics – The Auburn University Experience
Aquaponics is a growing industry in the US and world. Auburn University has been conducting interdisciplinary aquaponic research over the past decade. This presentation will provide their experience from an economic perspective. For the last four years they have tracked investment, daily costs and receipts associated with an integrated tilapia-vegetable aquaponic system. From actual data, cash flows, enterprise budgets and sensitivity analyses were developed and will be compared to engineered enterprise budgets developed five years ago for the same system. Non-economists and aquaponic enthusiasts will become familiar with some of the basic building blocks used in farm management to determine profitability and cost of production of this exciting technology.
Dr. Terry Hanson is an Aquaculture Economist at Auburn University’s School of Fisheries, Aquaculture and Aquatic Sciences in Auburn, Alabama. For over thirty years, Terry has conducted research on various aspects of fish culture production costs to include the interrelated effects of fish genetics, nutrition, disease, water quality, and value chain analysis. Species primarily include catfish, tilapia and shrimp grown in ponds, raceways and recirculating aquaculture systems.