Hostname: page-component-586b7cd67f-l7hp2 Total loading time: 0 Render date: 2024-11-24T19:22:34.361Z Has data issue: false hasContentIssue false
  • English
  • Français

Identifying Risk Factors Affecting Weather- and Disease-Related Losses in the U.S. Farm-Raised Catfish Industry

Published online by Cambridge University Press:  15 September 2016

Terrill R. Hanson ,
Saleem Shaik ,
Keith H. Coble ,
Seanicaa Edwards  and
J. Corey Miller
Terrill R. Hanson
Affiliation:
Department of Agricultural Economics at Mississippi State University in Mississippi State, Mississippi
Saleem Shaik
Affiliation:
Department of Agribusiness and Applied Economics at North Dakota State University in Fargo, North Dakota
Keith H. Coble
Affiliation:
Department of Agricultural Economics at Mississippi State University in Mississippi State, Mississippi
Seanicaa Edwards
Affiliation:
Department of Agricultural Economics at Mississippi State University in Mississippi State, Mississippi
J. Corey Miller
Affiliation:
Department of Agricultural Economics at Mississippi State University in Mississippi State, Mississippi
Get access

Abstract

Two double-limit tobit models are used to identify significant risk factors that most affect farm-raised catfish losses from weather-related events and from disease outbreaks. Results of the weather loss model indicate that the variables for operator education level, number of ponds, pond water depth, production management strategy, past experience with severe losses from low oxygen levels from off-farm power outages, past experience with severe losses from diseases, and being in the South are statistically significant. Results of the disease loss model indicate that the variables for operator experience and pond water depth are significant. Development of models explaining weather and disease losses through observable variables provides a better understanding of the interrelation between the loss perils and explanatory variables so management strategies can be developed to mitigate losses from identified risk factors.

Keywords

aquaculturetobitrisk managementcolumnarisenteric septicemia of catfishweather losses
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 37 , Issue 1 , April 2008 , pp. 27 - 40
Copyright
Copyright © 2008 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Coble, K.H., Hanson, T.R., Sempier, S.H., Shaik, S., and Miller, J.C. 2006. “Investigating the Feasibility of Livestock Disease Insurance: A Case Study in U.S. Aquaculture.” In Koontz, S.R., Hoag, D.L., Thilmany, D.D., Green, J.W., and Grannis, J.L., eds., The Economics of Livestock Disease Insurance: Concepts, Issues and International Case Studies. Cambridge: CABI Publishing.Google Scholar
Forster, J. 2003. “Industry Profile: The U.S. Farmed Salmon Industry.” National Risk Management Feasibility Program for Aquaculture, Mississippi State University, Starkville, MS. Google Scholar
Gould, B.W., Saupe, W.E., and Klemme, R.M. 1989. “Conservation Tillage: The Role of Farm and Operator Characteristics and the Perception of Soil Erosion.” Land Economics 65(2): 167–182.CrossRefGoogle Scholar
Greene, W.H. 2003. Econometric Analysis (5th ed.). New York: Macmillan Publishing Company.Google Scholar
Heckman, J.J. 1979. “Sample Selection Bias as a Specification Error.” Econometrica 47(1): 153–162.Google Scholar
Laughlin, D.H., and Hanson, T.R. 2001. “Construction Costs for Catfish Ponds for Ad Valorem Taxation Purposes.” AEC Staff Report No. 2001-03, Department of Agricultural Economics, Mississippi State University, Mississippi State, MS.Google Scholar
McDonald, J.F., and Moffit, R.A. 1980. “The Uses of Tobit Analysis.” The Review of Economics and Statistics 62(2): 318–321.Google Scholar
Miller, J.C., Lee, J.E., Hanson, T.R., and Coble, K.H. 2002. “2002 National Risk Management of Aquaculture Workshop Summary Report.” Department of Agricultural Economics Information Report No. 2002-023, Mississippi State University, Starkville, MS.Google Scholar
Mississippi State University. 2006. “2006 CVM [College of Veterinary Medicine] Aquatic Diagnostic Laboratory Summary.” Thad Cochran National Warmwater Aquaculture Center, College of Veterinary Medicine, Mississippi State University, Stoneville, MS.Google Scholar
NASS [see National Agricultural Statistics Service].Google Scholar
National Agricultural Statistics Service (NASS). 2006. “Census of Aquaculture (2005).” NASS, U.S. Department of Agriculture, Washington, D.C. Google Scholar
National Agricultural Statistics Service (NASS). 2007a. “Catfish Processing.” Agricultural Statistics Board, NASS, U.S. Department of Agriculture, Washington, D.C. Google Scholar
National Agricultural Statistics Service (NASS). 2007b. “Catfish Production.” Agricultural Statistics Board, NASS, U.S. Department of Agriculture, Washington, D.C. Google Scholar
National Fisheries Institute. 2007. “Top 10 U.S. Consumption by Species Chart.” Available at http://www.aboutseafood.com/media/top10.cfm.Google Scholar
Shaik, S., Barnett, B.J., Coble, K.H., Miller, J.C., and Hanson, T.R. 2006. “Insurability Conditions and Livestock Disease Insurance.” In Koontz, S.R., Hoag, D.L., Thilmany, D.D., Green, J.W., and Grannis, J.L., eds., The Economics of Livestock Disease Insurance: Concepts, Issues and International Case Studies. Cambridge: CABI Publishing.Google Scholar
Tucker, C., Avery, J., Engle, C., and Goodwin, A. 2004. “Industry Profile: Pond-Raised Channel Catfish.” National Risk Management Feasibility Program for Aquaculture, Mississippi State University, Starkville, MS. Google Scholar
Tucker, C.S., and Robinson, E.H. 1990. Channel Catfish Farming Handbook. New York, NY: Van Nostrand Reinhold (digital duplication of the original by Kluwer Academic Publishers, Boston, MA, 2002).Google Scholar
U.S. Department of Agriculture. 2003. “NAHMS Catfish 2003 Part II: Reference of Foodsize Catfish Health and Production Practices in the United States.” Animal and Plant Health Inspection Service (APHIS), National Animal Health Monitoring System, U.S. Department of Agriculture, Washington, D.C.Google Scholar