Appendix 7
TROUT CULTURE ¹

Investment is calculated for a trout farm producing 60 t/year in concrete raceways, built in 1986, land being already available. As figures provided by official services were not consistent with technical constraints, a calculation of profit and loss account was based on ratios (cost per kg of fish).

A. Investment Cost (Dr '000 in 1986)

¹ Agricultural Bank of Greece and data from visited farms

B. Profit and Loss Account

¹ Fry is provided free of charge by public hatcheries in some areas, and sold at Dr 2–3 in others

² Conversion rate is 2 for imported feed at a cost of Dr 100/kg and 3 for local feed at an average cost of Dr 60–70. In both cases the total cost of feed is about Dr 200/kg of fish

³ Due to the low price of the product and high cost of the feed,most of the trout farms visited were heavily indebted with short-term loans

⁴ This result does not allow for the renewing of equipment. As concrete raceways are the only large investment, especially in small and medium-size farms, and as most of them have been built during the past 15 years and are to last for more than 20 years, the survival of these farms does not seem to be yet the key problem, but it may become so in the near future