Table 3.
Expected economic impact of using either (a) base-population fish or (b) selected fish with improved FCRInd1 on farm costs and returns
| Cost, return, profit2 | (a) Base-population fish | (b) Genetically improved fish | Change | % improvement |
|---|---|---|---|---|
| A. Total production, kg ungutted fish | 9,188,000 | 9,188,000 | ||
| B. Feed cost per kg feed, €/kg feed | 1.382 | 1.382 | ||
| C. Rearing cost per kg fish, €/kg ungutted fish | 1.952 | 1.952 | ||
| D. Total rearing costs, € (A×C) | 17,934,976 | 17,934,976 | ||
| E. FCRInd, kg feed delivered/ kg fish biomass gain | 1.253 | 1.061 | −0.1921 | 18.1% |
| F. Total feed needed, kg (A×E) | 11,516,239 | 9,748,468 | −1,767,771 | 18.1% |
| G. Total feed cost, €) (F×B) | 15,915,443 | 13,472,383 | −2,443,060 | 18.1% |
| H. Feed cost per kg fish, €/kg ungutted fish (G/A) | 1.732 | 1.466 | −0.266 | 18.1% |
| I. Total production costs, € (D+G) | 33,850,419 | 31,407,359 | −2,443,060 | 7.8% |
| J. Total production cost per kg fish, €/kg ungutted fish (I/A) | 3.684 | 3.418 | −0.266 | 7.8% |
| K. Total production of gutted fish, kg gutted fish (A×0.829 yield) | 7,616,852 | 7,616,852 | ||
| L. Return: Producer price per kg gutted fish, €/kg gutted fish3 | 4.830 | 4.830 | ||
| M. Cost: Total production cost of kg gutted fish, €/kg gutted fish(I/K) | 4.444 | 4.123 | −0.321 | 7.8% |
| N. Profit: Profit per kg gutted fish, €/kg gutted fish (L-M)4 | 0.386 | 0.707 | 0.321 | 118% |
Genetic improvement estimated in FCRInd in Figure 2.
Capital letters indicate the formulas used to calculate the values.
Price that a farmer gets from fish when selling it.
Assumes that the reduced feed costs can be directly transformed to be profit, as the producer price is maintained fixed.