Md. Hayder Khan Sujan , Md Abdur Rouf Sarkar , Monira Sultana , Md. Ali Akber , Andrew M. McKenzie , Mohammad Mizanul Haque Kazal , Imrul Islam , Ammar Abdul Aziz
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引用次数: 0
Abstract
Crab fattening has been flourishing along the coastal regions of South Asian countries, including Bangladesh, offering significant livelihood opportunities for local dwellers, yet its economic viability remains underexplored. This study evaluates the economic viability (profitability and risk), determinants of crab production, technical efficiency, and factors contributing to inefficiency among crab fatteners in coastal Bangladesh, utilizing panel data from 2018 and 2023, for the first time. Fixed-effects regression was employed to identify the drivers of crab production, while a true random-effects Cobb-Douglas panel stochastic frontier model was used to estimate technical efficiency. The profitability of crab fattening declined from USD 3,978 per hectare in 2018 to USD 3,351 per hectare in 2023. Despite this decline, both crab production and prices increased over time, mitigating the risk of losses and ultimately enhancing economic viability. Factors positively influencing production included age, education, income, access to credit, proximity to output markets, crab price, crablet stocking, feed, and water exchange, whereas disease prevalence had a negative impact. The mean technical efficiency of crab fatteners improved from 0.69 in 2018 to 0.74 in 2023. Education, income, crab price, and market proximity positively influenced technical efficiency, while distance to extension offices and disease prevalence negatively impacted it. Enhanced extension support, improved access to credit, fair market pricing, and the development of hatcheries for quality crablet could bolster the success of this climate-smart aquaculture practice, aiding Bangladesh in achieving Sustainable Development Goal 2.3 of doubling the agricultural productivity and income of small-scale farmers.
期刊介绍:
Climate Risk Management publishes original scientific contributions, state-of-the-art reviews and reports of practical experience on the use of knowledge and information regarding the consequences of climate variability and climate change in decision and policy making on climate change responses from the near- to long-term.
The concept of climate risk management refers to activities and methods that are used by individuals, organizations, and institutions to facilitate climate-resilient decision-making. Its objective is to promote sustainable development by maximizing the beneficial impacts of climate change responses and minimizing negative impacts across the full spectrum of geographies and sectors that are potentially affected by the changing climate.