Business model of advanced production system – the case of Pangasius production in the Mekong Delta, Vietnam
- December 9, 2020
- Posted by: RSIS Team
- Categories: IJRSI, Management
International Journal of Research and Scientific Innovation (IJRSI) | Volume VII, Issue XI, November 2020 | ISSN 2321–2705
Assoc. Prof. Dr. Le Nguyen Doan Khoi,
Department of Scientific Research Affairs, Can Tho University
Abstract
This article aimed to analyze the gaps between advanced production system and small-scale farmers production system in Pangasius industry. Moreover, it considers which measures can be taken to close the gaps and improve quality control at farm level. A financial analysis of the relationship between farming parameters and financial outcomes was presented by conducting a profitability assessment. The result assessed the economic implications of and the reasons for adopting advanced farming practices.
Keywords: business model, advanced farming system, profitability assessment
1. Introduction
At the current time, by using a advanced farming system, it considers which measures can be taken to close the gaps and improve quality control at farm level. The analysis showed differences in farming practices between the small-scale farmers and the advanced farming model regarding the use of fingerlings, feeds, and veterinary drugs for fish disease treatment; and waste-water treatment pond. Advanced farming sysem fulfilled the quality requirements such as usage of certified fingerlings, certified industrial feeds, waste-water treatment pond and proper disease treatment belonging to an advanced farming system. These quality requirements constitute a challenge for small-scale farmers who are willing to access the export market. A financial analysis of the relationship between farming parameters and financial outcomes was presented by conducting a profitability assessment. The result assessed the economic implications of and the reasons for adopting advanced farming practices.
2. Relationship between farming parameters and financial outcomes
This one presents a profitability assessment of Pangasius farming investment and operations. The purpose of this section is to develop a business model to assess the profitability of small-scale Pangasius farming. It is important for small-scale farmers to understand how to calculate and clarify the profitability of fish business. Moreover, the operations have to be able to return the capital with profit. It is foreseen that the
