Table 5.

Impact of COVID-19 on the economics of shrimp farm management in Bangladesh

Parameter	Median costs (BDT per hectare)			Percentage change	Number of farms
	Pre-COVID-19	Post-COVID-19	Difference
(a)Reported revenuea
Total	414,434	297,271	− 117,163	− 29.9	51
(b) Reported production costs (non-fixed costs)
Feed	59,405	71,287	+ 11,882	+ 14.1	45
Seed	74,887	99,850	+ 24,963	+ 33.3	51
Water supply	14,977	14,977	0	0	17
Electricity	29,087	35,553	+ 6466	+ 22.2	14
Transport	4254	5601	+ 1347	+ 19.1	22
Labor b	47,429	33,053	− 14,376	− 24.6	39
Medicine	9525	11,006	+ 1481	+ 15.0	45
Total	208,823	231,286	+ 22,463	+ 16.2	51
(c)Profit margins
All farms
Gross profit	248,580	65,652	182,928	− 42.8%	51
RGPd	1.0	0.58	0.42	–	51
RGPMe	1.0	0.91	0.09	–	51
Farms with complete records
Gross profit c	15,218,375	7,867,475	7,349,900	− 46.2%	10
RGP	1.0	0.54	0.46	–	10
RGPM	1.0	0.81	0.19	–	10

^aDerived from reported production and farm gate prices by the farmer

^bDerived from reported labor costs and number of workers

^cThese farms have entered pre- and post-COVID-19 non-fixed costs for all the categories listed

^dRelative gross profit

^eRelative gross profit margin

The values which made bold were the total value, that need to be separated from other regular values