Published Paper
1551-8663
Journal of Aquaculture Economics & Management
Comparative Advantages of the U.S. Farm-Raised Catfish Industry: A Cross-Regional Analysis
Terry Hanson, Giap Nguyen and Curtis Majela Jolly
DOI:
Keywords:
catfish, comparative advantage, domestic resource cost
Abstract
Policy analysis matrices are developed and used to derive domestic resource cost coefficients for different catfish farm production regions in the United States. The results show that U.S. catfish producers were losing their comparative advantage positions during the study period considered. An import tariff improves the industry's comparative advantage position, but may not increase its market profitability. Higher efficiency in feed usage, and higher market prices paid to producers through promotional efforts are essential to the U.S. catfish industry.
Terry Hanson, Giap Nguyen and Curtis Majela Jolly (2013), "Comparative Advantages of the U.S. Farm-Raised Catfish Industry: A Cross-Regional Analysis", Journal of Aquaculture Economics & Management, 17, (1), pp. 87-101, DOI: 10.1080/13657305.2013.747228