Title Page
Contents
Abstract 11
CHAPTER 1. INTRODUCTION 13
CHAPTER 2. AQUACULTURE SECTOR 15
1. History of Aquaculture 15
2. Production 15
3. Government Institution 17
4. Commercial Culture System 18
4.1. Cage Culture 18
4.2. Hill Lake 20
4.3. Pond 20
5. Issue 21
5.1. Imported Feed Increase the Cost 21
5.2. Low Seed Production 21
5.3. Lack of Human Resources 22
5.4. Lack of Equipment and Facilities for Farmers 22
5.5. Post-harvest Constraint 22
5.6. No Coordination between the Actors 23
CHAPTER 3. MATERIALS AND METHODS 24
1. Description of Tilapia 24
1.1. Generality 24
1.2. Economic Interest 24
2. Description of the Company 25
3. Bioeconomic Model of Tilapia Aquaculture 28
4. Analytical Methodology 29
4.1. Biological Sub-Model 29
4.2. Technical Management 30
4.3. Economic Sub-Model 30
4.4. Financial Analysis 31
4.5. Analytical Data 32
CHAPTER 4. RESULTS 38
1. Baseline Model 38
1.1. Breakeven Selling Price 38
1.2. Breakeven Total Production 39
1.3. Breakeven Survival Rate 40
1.4. Breakeven feed price 41
2. Sensitivity Analysis 42
2.1. Survival Rates Scenario 42
2.2. Feed Price Scenario 45
2.3. Selling Price Scenario 47
2.4. Combining Selling Price and Survival Rate 49
2.5. Combining Survival Rate and Feed Cost 51
CHAPTER 5. DISCUSSION 53
CHAPTER 6. CONCLUSION 57
REFERENCES 60
Table 1. Data required for the model 33
Table 2. Performance Data of Tilapia Production in Lake Azuei 34
Table 3. Performance in the hatchery 35
Table 4. Other monthly inputs in tilapia production in Lake Azuei 35
Table 5. Monthly labour costs of tilapia production in Lake Azuei 36
Table 6. Initial Investment in the Tilapia Production 37
Table 7. Survival Rate Scenario 43
Table 8. Feed Price Scenario 45
Table 9. Selling price scenario 47
Table 10. Combination of Selling Price and Survival Rate Scenario 49
Table 11. Combination of Feed price and Survival Rate Scenario 51
Table 12. Production cost of tilapia in Caribbean Countries 54
Fig. 1. Aquaculture production in some Caribbean countries 16
Fig. 2. Evolution of aquaculture production in Haiti 17
Fig. 3. Lake of Peligre. 19
Fig. 4. Region of Croix-des-Bouquets and Lake Azuei 26
Fig. 5. Cages in the Lake Azuei 27
Fig. 6. Breakeven selling price of tilapia production in Lake Azuei. 39
Fig. 7. Breakeven total production of tilapia in Lake Azuei. 40
Fig. 8. Breakeven survival rate of tilapia production in Lake Azuei. 41
Fig. 9. Breakeven feed price of tilapia production in the Lake Azuei. 42
Fig. 10. Expected internal rate of return (IRR) in survival rate scenario. 44
Fig. 11. Expected net present value (NPV) in survival rate scenario. 44
Fig. 12. Expected net present value (NPV) in feed price scenario. 46
Fig. 13. Expected internal rate of return (IRR) in feed price scenario. 46
Fig. 14. Expected net present value (NPV) in the selling price scenario. 48
Fig. 15. Expected internal rate of return (IRR) in selling price scenario. 48
Fig. 16. Expected net present value (NPV) for combined selling price and survival rate scenario. 50
Fig. 17. Expected internal rate of return (IRR) for combined survival rate and scenario. 50
Fig. 18. Expected net present value (NPV) in combination of survival rate and feed price scenario. 52
Fig. 19. Expected internal rate of return (IRR) in combination of survival rate and feed price scenario. 52