1
Date:
April
6,
2004
To:
Renee
Johnson
and
Chris
Miller,
EPA
From:
Ian
Cadillac
and
Maureen
Kaplan,
ERG
Subject:
UPDATED:
Aquaculture
Detailed
Questionnaire­
Costs
and
Returns
for
Flow­
through
and
Recirculating
Facilities
National
Estimates
1.
DATA
There
are
94
in­
scope
commercial
facilities
with
flow­
through
and
recirculating
production
systems
in
the
EPA
detailed
questionnaire
data
base.
Five
facilities
cannot
be
analyzed
for
costs
and
returns
because
the
unweighted
facility
changed
ownership
at
the
time
of
the
survey
and
did
not
supply
financial
data.
The
number
of
observations
for
this
analysis
is
89.
The
analysis
uses
the
2001
data
for
two
reasons:
(
1)
it
is
the
most
recent
year
for
which
data
were
collected
in
the
survey,
and
(
2)
it
is
the
year
closest
to
the
data
gathered
in
Engle,
et
al.
2004.

The
parameters,
where
they
are
taken
from
in
the
survey,
and
other
comments
are
listed
below:

Parameter
Questionnaire
Source
Revenue:
C6:
total
sales
Total
Costs
C6:
total
expenses
[
can
be
more
than
sum
of
individual
components]

Variable
Costs
Labor:
C6i:
hired
labor
[
will
include
management
if
paid]
Feed:
C6c:
feed
purchased
[
production
and
medicated]
Chemicals:
C6a:
chemicals
and
C6d:
fertilizers
and
lime
Energy:
C6n:
utilities
plus
C6e:
gasoline,
fuel,
and
oil
Depreciation:
C6b:
depreciation
[
not
on
Carole's
list]
Interest:
C6h:
interest
other
than
mortgage
[
may
or
may
not
be
interest
on
operating
loan]
Repairs/
main:
C6l:
repairs/
maintenance
Cost
of
aquatic
animals:
C6o:
only
if
the
respondent
used
accrual
accounting
Rent
or
lease:
C6j:
vehicles,
machinery,
or
equipment
Rent
or
lease:
C6k:
land,
animals,
or
other
Fixed
Costs
Insurance:
C6f:
insurance,
other
than
health
Interest:
C6g:
mortgage
interest
Taxes:
C6m:
taxes
2
2.
NATIONAL
ESTIMATES
Table
1
is
a
summary
of
the
national
estimates
for
the
costs
and
returns
for
facilities
that
produce
between
100,000
lb/
yr
to
475,000
lb/
yr
and
>
475,000
lb/
yr.
The
average
sales
estimate
for
the
smaller
production
size
(
100k
to
475k)
is
skewed
because
7.5
facilities
(
two
unweighted
facilities)
reported
$
0
sales.
That
is,
the
production
from
these
two
facilities
are
transported
to
other
facilities
under
the
same
ownership
for
further
grow­
out
and
or
processing.
The
survey
data
indicate
that
not
all
cost
components
are
individually
tracked
by
the
respondents;
see
the
frequent
minimum
value
of
$
0
for
several
cost
categories.
On
average,
labor
and
feed
costs
are
roughly
comparable.

Table
1
National
Estimates
­
Costs
and
Returns
>
475,000
lb/
yr
(
30
facilities)
100,000
lb/
y
­
475,000
lb/
yr
(
59
facilities)

Variable
National
Average
Minimum
Maximum
National
Average
Minimum
Maximum
Total
Sales
$
1,456,563
$
358,000
$
9,766,000
$
415,292
$
140,000
$
1,456,000
Total
Expenses
$
1,619,269
$
381,000
$
10,573,000
$
564,322
$
160,000
$
1,610,000
All
Variable
$
1,048,959
$
304,000
$
4,311,000
$
353,669
$
69,001
$
1,231,001
Depreciation
$
92,510
$
3,000
$
669,000
$
52,095
$
0
$
304,000
Feed
$
201,696
$
0
$
422,000
$
88,928
$
0
$
249,000
Chemicals
$
65,600
$
0
$
377,000
$
13,110
$
0
$
146,000
Non
Mortgage
Interest
$
63,026
$
0
$
612,000
$
5,097
$
0
$
44,000
Labor
$
243,623
$
0
$
1,925,000
$
91,718
$
0
$
503,000
Rent­
Vehicle
$
3,312
$
0
$
17,000
$
2,722
$
0
$
29,000
Rent­
land
$
71,216
$
0
$
277,000
$
12,279
$
0
$
68,000
Repairs
$
39,498
$
0
$
227,000
$
24,226
$
0
$
103,000
Energy
$
119,541
$
0
$
801,000
$
54,793
$
0
$
281,000
COGS
$
562,405
$
0
$
7,861,000
$
49,937
$
0
$
438,000
All
Fixed
$
46,314
$
0
$
346,000
$
44,275
$
0
$
161,000
Taxes
$
23,869
$
0
$
230,000
$
22,026
$
0
$
69,000
Interest­
Mortgage
$
6,219
$
0
$
18,000
$
1,952
$
0
$
16,000
Insurance
$
16,226
$
0
$
116,000
$
20,297
$
0
$
92,000
