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Seaweed mariculture: an economically viable alternate livelihood option (ALO) for fishers

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Title Seaweed mariculture: an economically viable alternate livelihood option (ALO) for fishers
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Creator Krishnan,M
Narayanakumar,R
 
Subject Seaweed
mariculture
Economic viability
Employment generation
Financial feasibility
Livelihood option
 
Description Not Available
Seaweed mariculture offers an economically sustainable livelihood option for fisherwomen, who, with little effort can contribute significantly to the household income. Ealier in India, seaweeds were collected from natural stocks only. Later due to the indiscriminate collection from the natural stock and consistent demand from industries for high quality seaweeds, research on seaweed farming was initiated by Central Salt and Marine Chemicals Research Institute (CSMCRI) and Central Marine Fisheries Research Institute (CMFRI) in the 1960’s. Today, seaweed farming techniques have been standardised, improved
and made economically viable. The present paper makes an attempt to evaluate the economic performance of seaweed
farming, including the employment generated in Ramanathapuram District of Tamil Nadu. The average annual net income for the three-year farming period (Rs. 6.76 lakh) was higher than the initial investment (Rs. 5.97 lakh), indicating a payback period of lesser than a year. The estimated net present value (at 20% discount rate) was Rs. 1.30 million (implying an IRR, >100%) while the benefit-cost ratio was 1.70. All these indicators substantially establish the economic and financial feasibility of seaweed farming in Tamil Nadu. The employment potential of seaweed farming at Ramanathapuram District has been estimated at 7,65,000 man days with current development projections benefiting 5,000 families in the near future.
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Date 2021-09-16T06:28:20Z
2021-09-16T06:28:20Z
2011
 
Type Article
 
Identifier Not Available
Not Available
http://krishi.icar.gov.in/jspui/handle/123456789/62908
 
Language English
 
Relation Not Available
 
Publisher CMFRI; Kochi