Economic worthiness of the tilapia collaborative farming extension project in Chon Buri province

Abstract

The extension of tilapia large-scale farming project is the project that develops production and increases production efficiency but it is lack of economic worthiness evaluation. This study aims to analyze an economic worthiness of the large scale tilapia extension project. The data was collected by interviewing the farmers who participated in the project 90 farmers and not participated 30 farmers in Chon Buri province. The study identified that the department of fisheries budget was the cost and the farmers’ routine work compared to the benefits of the cost reduction of farmers (seed and feed costs) during 5 years were revenue loss. The interest rate defined at 5%. It found that NPV was 13.13 million baht, BCR for 5.48, IRR with 94% and sensitivity analysis indicated that the project had financially feasibility. Therefore, government should continuously support, and the farmers should join groups to buy inputs and sell products together to increase bargaining power, promote GAP standard and find more market channel to prevent oversupply of tilapia.