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Factors |
Choices |
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Species selection |
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Water type |
Freshwater, brackish or marine? |
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Biotechnology |
Spawning, maturation and nutrition known? |
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Marketability |
Does market exist: local, national or export? |
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Production technology |
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Location |
Land-based or offshore? |
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Management intensity |
Efficiency Extensive, semi-intensive or intensive? |
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Scale |
Economies of scale? Small, medium or large? |
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Scope |
Economies of scope? Integration, polyculture? |
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Bio-Physical |
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Sunlight, rainfall, air temperature |
Growth rates, pond productivity and salinity, flooding? |
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Wind |
Water temperature and oxygenation? |
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Land soil |
Water loss and quality, pumping costs, growth rates? |
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Source water |
Growth rates, water quality and pollution? |
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Risks |
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Administrative |
Will administrative procedures be lengthy/costly? |
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Property Rights |
Will land/water usage be guaranteed? |
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Governance |
Willcorruption/theft be a problem? |
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Firm Finance |
Are interest rates/exchange rates volatile? |
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Prices |
Are others entering the industry causing a price shock? |
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Economic |
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Feed and Fingerlings |
Availability and cost of feed and fingerlings? |
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Labour |
Quality and wage rates? |
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Land |
Availability, cost and security of tenure? |
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Water |
Availability, competing uses and cost? |
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Finance |
Is bank credit available and at what cost? |
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Will expansion funds and working capital be available? |
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Transport |
Is the market/procurement centre accessible? |
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Demand |
What is the farm gate price? Will it change? |
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Distribution |
How will produce be sold? Direct sales, brokers etc? |
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Processing |
In what form will produce be sold? Whole, fillet, |
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frozen? |
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Social |
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Competing activities |
Is there compatibility? Competition for resources? |
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Communal structure |
Are family/community relationships affected? |
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Traditional values |
Is there compatibility? |
