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Maximizing Profit in Crawfish Farming: A Comprehensive Economic Guide

Dive into the basics and nuances of crawfish economics with expert Matt Parker from NCDA & CS. Explore critical assumptions, initial investments, operational strategies, and valuable insights on boosting profitability. Uncover the significance of economies of scale, financial preparedness for the first year, and key considerations for sustainable success in this lucrative aquaculture venture. Gain access to further assistance and resources from industry experts and organizations to enhance your crawfish farming journey.

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Maximizing Profit in Crawfish Farming: A Comprehensive Economic Guide

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  1. Introduction to Crawfish Economics Matt Parker NCDA & CS Aquaculture Business Specialist

  2. Assumptions • Land is already owned • Fixed costs NOT included • Initial stocking density of 75 lbs crawfish/acre • Harvest of 650 lbs/acre • Zero sales first year • Sales price of $2.50/lb • Each pond is 10 acres • 20 traps/acre

  3. Initial Investment

  4. First Year of Operation

  5. Years 2 and Beyond

  6. Years 2 and Beyond

  7. Crawfish Summary • Economies of scale • Larger farms are more profitable • Need to have enough money to operate the first year with zero income from crawfish • Can be very profitable as supplemental income • Where are you going to sell them? • Fixed cost can triple production costs

  8. Further Assistance and Information • NCDA & CS Publications and Staff • http://www.ncagr.com/aquacult/pubs.html • Matt Parker • NC Cooperative Extension Service • Mike Frinsko and Steve Gabel • Other Farmers • Aquanic • http://www.aquanic.org

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