Production risk, technical efficiency, and input use nexus: Lessons from Bangladesh aquaculture
The optimal use of resources in aquaculture is important, especially in developing countries, to obtain the highest possible outcome from the production process to support food security and poverty alleviation. Thus, within this study, the risk, efficiency, and input-use variation in aquaculture...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | en |
| Published: |
Wiley
2025
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| Subjects: | |
| Online Access: | http://umt-ir.umt.edu.my:8080/handle/123456789/21564 |
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| Summary: | The optimal use of resources in aquaculture is important,
especially in developing countries, to obtain the highest possible
outcome from the production process to support food
security and poverty alleviation. Thus, within this study, the
risk, efficiency, and input-use variation in aquaculture farms
in Bangladesh is investigated using a flexible stochastic frontier
model with a risk and an inefficiency function. The
results reveal that feed, labor, and capital have positive and
significant impacts on production. In addition, an increased
fingerling density and a larger farm increase the risk,
whereas the use of feed and the capital invested have the
opposite effect. Access to extension services has a positive
effect and increases farm efficiency. An investigation of the
farm size–productivity inverse relationship reveals that this
phenomenon is not applicable to Bangladesh aquaculture. In
general, efficient farmers are large-scale farmers, who use a
lower stocking density but a higher feeding intensity,
resulting in a higher yield. On average, farmers use less labor
and feed than what is optimal. To increase efficiency and
reduce risk, it is recommended that more technical knowledge on optimal input use, extension service, and capital
is made available to aquaculture farmers. |
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