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Risk factors affecting the profitability of the Mediterranean mussel (Mytilus galloprovincialis Lamarck 1819) farming in Greece

(2014) JOURNAL OF SHELLFISH RESEARCH. 33(3). p.695-708
Author
Organization
Abstract
Public support of mussel farming in Greece is an important factor because of its financial viability. The profitability of the activity is seriously reduced in small farms (1-3 ha) as a result of their high production costs; however, small farms represent a major part of the industry. Mussel farming is an extensive activity, with space availability regulated by public administrators via licensing of marine cultivation area property rights. The available space, though, is limited and, consequently, impedes any future expansion, restricting the production capacity of small farms. Nevertheless, the cost of new establishments and the modernization of existing ones (suitable boats, grading equipment, and so on) is affordable only by the larger companies. For small farms, it seems harder to recruit the large labor teams needed to work on a seasonal basis because this is the optimum to effect least operational costs, as shown by sensitivity analyses. In conclusion, for financial sustainability this sector needs to be restructured and organized into larger schemes, such as with producer organizations or cooperatives, to achieve economies of scale.
Keywords
CULTURE, MODEL, Mytilus galloprovincialis, COASTAL ZONE, THERMAIKOS GULF, SALMON AQUACULTURE, MANAGEMENT STRATEGIES, SHELLFISH AQUACULTURE, PRODUCTIVITY, Greece, CARRYING-CAPACITY, FARMERS, financial risks, economics of scale, Mediterranean mussel farming

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Citation

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MLA
Theodorou, John A, Ioannis Tzovenis, Charles M Adams, et al. “Risk Factors Affecting the Profitability of the Mediterranean Mussel (Mytilus Galloprovincialis Lamarck 1819) Farming in Greece.” JOURNAL OF SHELLFISH RESEARCH 33.3 (2014): 695–708. Print.
APA
Theodorou, J. A., Tzovenis, I., Adams, C. M., Sorgeloos, P., & Viaene, J. (2014). Risk factors affecting the profitability of the Mediterranean mussel (Mytilus galloprovincialis Lamarck 1819) farming in Greece. JOURNAL OF SHELLFISH RESEARCH, 33(3), 695–708.
Chicago author-date
Theodorou, John A, Ioannis Tzovenis, Charles M Adams, Patrick Sorgeloos, and Jacques Viaene. 2014. “Risk Factors Affecting the Profitability of the Mediterranean Mussel (Mytilus Galloprovincialis Lamarck 1819) Farming in Greece.” Journal of Shellfish Research 33 (3): 695–708.
Chicago author-date (all authors)
Theodorou, John A, Ioannis Tzovenis, Charles M Adams, Patrick Sorgeloos, and Jacques Viaene. 2014. “Risk Factors Affecting the Profitability of the Mediterranean Mussel (Mytilus Galloprovincialis Lamarck 1819) Farming in Greece.” Journal of Shellfish Research 33 (3): 695–708.
Vancouver
1.
Theodorou JA, Tzovenis I, Adams CM, Sorgeloos P, Viaene J. Risk factors affecting the profitability of the Mediterranean mussel (Mytilus galloprovincialis Lamarck 1819) farming in Greece. JOURNAL OF SHELLFISH RESEARCH. 2014;33(3):695–708.
IEEE
[1]
J. A. Theodorou, I. Tzovenis, C. M. Adams, P. Sorgeloos, and J. Viaene, “Risk factors affecting the profitability of the Mediterranean mussel (Mytilus galloprovincialis Lamarck 1819) farming in Greece,” JOURNAL OF SHELLFISH RESEARCH, vol. 33, no. 3, pp. 695–708, 2014.
@article{5799612,
  abstract     = {Public support of mussel farming in Greece is an important factor because of its financial viability. The profitability of the activity is seriously reduced in small farms (1-3 ha) as a result of their high production costs; however, small farms represent a major part of the industry. Mussel farming is an extensive activity, with space availability regulated by public administrators via licensing of marine cultivation area property rights. The available space, though, is limited and, consequently, impedes any future expansion, restricting the production capacity of small farms. Nevertheless, the cost of new establishments and the modernization of existing ones (suitable boats, grading equipment, and so on) is affordable only by the larger companies. For small farms, it seems harder to recruit the large labor teams needed to work on a seasonal basis because this is the optimum to effect least operational costs, as shown by sensitivity analyses. In conclusion, for financial sustainability this sector needs to be restructured and organized into larger schemes, such as with producer organizations or cooperatives, to achieve economies of scale.},
  author       = {Theodorou, John A and Tzovenis, Ioannis and Adams, Charles M and Sorgeloos, Patrick and Viaene, Jacques},
  issn         = {0730-8000},
  journal      = {JOURNAL OF SHELLFISH RESEARCH},
  keywords     = {CULTURE,MODEL,Mytilus galloprovincialis,COASTAL ZONE,THERMAIKOS GULF,SALMON AQUACULTURE,MANAGEMENT STRATEGIES,SHELLFISH AQUACULTURE,PRODUCTIVITY,Greece,CARRYING-CAPACITY,FARMERS,financial risks,economics of scale,Mediterranean mussel farming},
  language     = {eng},
  number       = {3},
  pages        = {695--708},
  title        = {Risk factors affecting the profitability of the Mediterranean mussel (Mytilus galloprovincialis Lamarck 1819) farming in Greece},
  url          = {http://dx.doi.org/10.2983/035.033.0304},
  volume       = {33},
  year         = {2014},
}

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