An Estimation of the Viability of Commercial Fishing in Botswana
AbstractThis study uses the traditional cost-benefit analysis to estimate the viability of commercial fishing in Botswana, using the Boiteko Syndicate in Shakawe, Botswana. The Net present Value (NPV) and Benefit Cost Ratio (BCR), indicate that commercial fishing, as practiced by the Boiteko Syndicate, is commercially viable and thus, should be encouraged and supported. The findings are supported amply by the results of the sensitivity analysis carried out in the study. The paper also indicates that in order to avoid over exploitation of freely available biological resources like fish, specific rules and regulations should be formulated, thus, ensuring the long-term sustainability of the fishing industry. This article thus provides feasible ways to aid the agricultural sector in contributing towards the diversification of the economy of Botswana.
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Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Agricultural Economics.
Volume (Year): III (2006)
Issue (Month): 2 (April)
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