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The Value of Information in Salmon Farming: Harvesting the Right Fish to the Right Time

Author

Listed:
  • Guttormsen, Atle G.
  • Forsberg, Odd Inge

Abstract

Research regarding management practice in fish farming has traditionally focused on two topics: production planning and forecasting of prices. This article combine these two areas of research, and illustrate how information of price patterns can change production plans, and hence increase the value of the farm enterprise. We present a model farm and illustrate with different levels of price information how information of future prices alter the original production plan and hence create extra value for the farmer. The phrasing of the paper and the empirical application are on salmon and salmon farming, but the ideas and general results should be applicable to all farmed species.

Suggested Citation

  • Guttormsen, Atle G. & Forsberg, Odd Inge, 2004. "The Value of Information in Salmon Farming: Harvesting the Right Fish to the Right Time," Discussion Papers 23960, Norwegian University of Life Sciences, Department of Economics and Resource Management.
  • Handle: RePEc:ags:nulsdp:23960
    DOI: 10.22004/ag.econ.23960
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    File URL: https://ageconsearch.umn.edu/record/23960/files/dp040030.pdf
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    Cited by:

    1. Misund, Bård, 2015. "Financial Ratios and Prediction on Corporate Bankruptcy in the Atlantic Salmon Industry," UiS Working Papers in Economics and Finance 2015/9, University of Stavanger.
    2. Misund, Bard, 2016. "Common and Fundamental Risk Factors in Shareholder Returns of Norwegian Salmon Producing Companies," UiS Working Papers in Economics and Finance 2016/17, University of Stavanger.
    3. Ankamah-Yeboah Isaac & Max Nielsen & Rasmus Nielsen, 2015. "Organic Salmon – Considered a Fisheries or Agricultural Product Among Consumers?," 2015 EAFE (European Association of Fisheries Economists) Conference Papers 003, Nisea.
    4. Misund, Bård, 2018. "Common and fundamental risk factors in shareholder returns of Norwegian salmon producing companies," Journal of Commodity Markets, Elsevier, vol. 12(C), pages 19-30.

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    Keywords

    Resource /Energy Economics and Policy;

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