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397418

TECHNICAL AND ECONOMICAL EVALUATION OF THE INTEGRATION AQUACULTURE SYSTEM AND LETTUCE PLANTS PRODUCTION

Article

Last updated: 05 Jan 2025

Subjects

-

Tags

Agricultural Economics, Extension, and Social Sciences

Abstract

This study aimed to carry out a techno-economical study on the integrated aquaponic system for tilapia fish and lettuce plants. Fish and plant production was evaluated technically by determining the yield and economically by estimating the total costs, revenue, payback period, benefit/cost ratio, and internal return rates. The results indicated that the yield of fish is 75 tons and lettuce production is 33750 plants. The total fixed costs of the aquaponic system were 2.28 million Egyptian pounds for the system, while the total variable costs of the aquaponic system were 2.18 million Egyptian pounds. The total revenue for the aquaponic system for ten years was 32.41 million pounds. The benefit/cost ratio for the aquaponic system was 1.25 and the payback period for the system was 2.91 years. The internal return rate (IRR) was 84 %. However, it was 47%, and when the outcome cash flow increased by about 10% was 47%. The internal return rate (IRR) for the aquaponic system when the income cash flow decreased by about 10% was 44%. The internal return rate (IRR) for the aquaponic system when the outcome cash flow increased by about 10% and income cash flow decreased by about 10% was 26%. More so, a deeper understanding of the economic viability of aquaponics and how an aquaponics system's performance can be optimized is gained. A SWOT analysis was done to point out the various strengths, weaknesses, opportunities, and threats that surround aquaponics. It emerged from the analysis that whereas highly promising in food production, a raft of challenges is identified, including the high initial investment cost and technical expertise required to operate an aquaponics facility.

DOI

10.21608/jaesj.2024.333972.1207

Keywords

tilapia, lettuce, Aquaponic system, payback period, internal return rate

Authors

First Name

MAHMOUD

Last Name

ELHABBAQ

MiddleName

MOUSTAFA

Affiliation

Faculty of Agriculture, Benha University

Email

mmhabbaq@bu.edu.eg

City

Toukh

Orcid

0000-0002-0375-5324

First Name

El-Sayed

Last Name

Khater

MiddleName

G

Affiliation

Benha University, Faculty of Agriculture

Email

alsayed.khater@fagr.bu.edu.eg

City

Toukh

Orcid

-

First Name

Adel

Last Name

Bahnasawy

MiddleName

H

Affiliation

Benha University, Faculty of Agriculture

Email

adel.bahnasawy@fagr.bu.edu.eg

City

Toukh

Orcid

-

First Name

Mohamed

Last Name

Afify

MiddleName

T

Affiliation

Benha University, Faculty of Agriculture

Email

mohamed.afify@fagr.bu.edu.eg

City

Toukh

Orcid

-

Volume

23

Article Issue

3

Related Issue

51788

Issue Date

2024-12-01

Receive Date

2024-11-05

Publish Date

2024-12-01

Page Start

22

Page End

44

Print ISSN

1687-1464

Online ISSN

2735-5098

Link

https://jaesj.journals.ekb.eg/article_397418.html

Detail API

https://jaesj.journals.ekb.eg/service?article_code=397418

Order

397,418

Type

Full research articles

Type Code

2,324

Publication Type

Journal

Publication Title

Journal of Agricultural and Environmental Sciences

Publication Link

https://jaesj.journals.ekb.eg/

MainTitle

TECHNICAL AND ECONOMICAL EVALUATION OF THE INTEGRATION AQUACULTURE SYSTEM AND LETTUCE PLANTS PRODUCTION

Details

Type

Article

Created At

29 Dec 2024