Analysis of the economic performance of salmon farming in submerged and surface cages in the Black Sea

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dc.authorid0000-0002-1378-2422en_US
dc.authorid0000-0001-8086-9125en_US
dc.authorid0000-0002-9077-9438en_US
dc.authorid0000-0003-4109-2370en_US
dc.authorscopusid57203759395en_US
dc.authorscopusid6602155944en_US
dc.authorscopusid7005989454en_US
dc.authorscopusid53064014500en_US
dc.authorwosid-en_US
dc.authorwosid-en_US
dc.authorwosidB-2462-2008en_US
dc.authorwosid-en_US
dc.contributor.authorYiğit, Umut
dc.contributor.authorYiğit, Murat
dc.contributor.authorErgün, Sebahattin
dc.contributor.authorKuşku, Halit
dc.contributor.authorEk, Hüseyin
dc.contributor.authorMaita, Masashi
dc.date.accessioned2023-09-09T12:39:23Z
dc.date.available2023-09-09T12:39:23Z
dc.date.issued2023en_US
dc.departmentFakülteler, Deniz Bilimleri ve Teknolojisi Fakültesi, Deniz Teknoloji Mühendisliği Bölümü
dc.departmentMeslek Yüksekokulları, Deniz Teknolojileri Meslek Yüksekokulu, Motorlu Araçlar ve Ulaştırma Teknolojileri Bölümü
dc.description.abstractThe production period for salmon farming in the Black Sea comprises the winter period and is limited to seven months, due to high water temperatures during the summer time. As an alternative strategy, temporary cage submersion during the summer season might be a solution for salmon grow-out throughout the year. Therefore, this study was conducted for comparative evaluation of economic performance of submerged and surface cages, by analyzing structural costs and returns for Turkish salmon farming in the Black Sea. As a result of the temporary cage submersion strategy, economic profits increased by nearly 70%, granting higher values of financial indicators with increased net profit (685,652.5 $ year−1) and margin of safety (89.6%), compared to the traditional surface cage (397,058.5 $ year−1 net profit and 88.4% margin of safety). The “What-if” analysis showed that profits from both cage systems were sensitive to variations in sale price, and the simulation by 10% reduced export market value may decrease revenues, with less financial profit loss for the submerged cage over the surface once. Hence, temporary cage submersion seems to be an alternative farm management strategy with extended production cycle and higher profits for the sustainable development of Turkish salmon farming in the Black Sea.en_US
dc.identifier.citationYiğit, Ü., Yiğit, M., Ergün, S., Kuşku, H., Ek, H., & Maita, M. (2023). Analysis of the economic performance of salmon farming in submerged and surface cages in the Black Sea. Aquaculture International, 1–18. https://doi.org/10.1007/s10499-023-01155-yen_US
dc.identifier.doi10.1007/s10499-023-01155-y
dc.identifier.issn0967-6120
dc.identifier.issn1573-143X
dc.identifier.pmid37361883
dc.identifier.scopus2-s2.0-85160451846
dc.identifier.urihttps://doi.org/10.1007/s10499-023-01155-y
dc.identifier.urihttps://hdl.handle.net/20.500.12428/4555
dc.identifier.wosWOS:000998370000003
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.institutionauthorYiğit, Umut
dc.institutionauthorYiğit, Murat
dc.institutionauthorErgün, Sebahattin
dc.institutionauthorKuşku, Halit
dc.language.isoen
dc.publisherSpringer Science and Business Media Deutschland GmbHen_US
dc.relation.ispartofAquaculture Internationalen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectAquaculture economicsen_US
dc.subjectCage farmingen_US
dc.subjectCost-benefit analysisen_US
dc.subjectFarm management strategyen_US
dc.subjectSalmon aquacultureen_US
dc.titleAnalysis of the economic performance of salmon farming in submerged and surface cages in the Black Sea
dc.typeArticle

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