Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment

Research output: Contribution to conferenceConference paperAcademicpeer-review

Abstract

A growing number of European customers’ demands certified pangasius such as ASC in order to ensure sustainable production. Implementing Recirculating Aquaculture Systems (RAS) contributes to an improved water quality, a key issue in achieving ASC certification. This study uses a choice experiment to measure farmers’ preferences for RAS in pangasius production in Vietnam. The farmers’ choice for RAS is positively affected by enhanced yield levels and achievement of ASC certification with price premium. Also the area of farming is found to be important, i.e. farmers in saltwater intrusion areas are more likely to implement RAS. Main constraints are availability of finance and lack of trust in receiving the ASC price premium. To stimulate the adoption of RAS, policies can provide interest subsidies on loans to finance RAS investment, while retailers could ensure a price premium for ASC certified pangasius.
Original languageEnglish
Publication statusPublished - 9 Aug 2015
Event29th International Conference of Agricultural Economists ICAE - Milan, Italy
Duration: 8 Aug 201514 Aug 2015

Conference

Conference29th International Conference of Agricultural Economists ICAE
CountryItaly
CityMilan
Period8/08/1514/08/15

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Choice experiment
Farm
Aquaculture
Farmers
Price premium
Finance
Certification
Farming
Water quality
Sustainable production
Subsidies
Loans
Retailers

Cite this

Pham, T. A. N., Meuwissen, M. P. M., Le, T. T., Bosma, R. H., & Oude Lansink, A. G. J. M. (2015). Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment. Paper presented at 29th International Conference of Agricultural Economists ICAE, Milan, Italy.
Pham, T.A.N. ; Meuwissen, M.P.M. ; Le, T.T. ; Bosma, R.H. ; Oude Lansink, A.G.J.M. / Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment. Paper presented at 29th International Conference of Agricultural Economists ICAE, Milan, Italy.
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abstract = "A growing number of European customers’ demands certified pangasius such as ASC in order to ensure sustainable production. Implementing Recirculating Aquaculture Systems (RAS) contributes to an improved water quality, a key issue in achieving ASC certification. This study uses a choice experiment to measure farmers’ preferences for RAS in pangasius production in Vietnam. The farmers’ choice for RAS is positively affected by enhanced yield levels and achievement of ASC certification with price premium. Also the area of farming is found to be important, i.e. farmers in saltwater intrusion areas are more likely to implement RAS. Main constraints are availability of finance and lack of trust in receiving the ASC price premium. To stimulate the adoption of RAS, policies can provide interest subsidies on loans to finance RAS investment, while retailers could ensure a price premium for ASC certified pangasius.",
author = "T.A.N. Pham and M.P.M. Meuwissen and T.T. Le and R.H. Bosma and {Oude Lansink}, A.G.J.M.",
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Pham, TAN, Meuwissen, MPM, Le, TT, Bosma, RH & Oude Lansink, AGJM 2015, 'Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment' Paper presented at 29th International Conference of Agricultural Economists ICAE, Milan, Italy, 8/08/15 - 14/08/15, .

Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment. / Pham, T.A.N.; Meuwissen, M.P.M.; Le, T.T.; Bosma, R.H.; Oude Lansink, A.G.J.M.

2015. Paper presented at 29th International Conference of Agricultural Economists ICAE, Milan, Italy.

Research output: Contribution to conferenceConference paperAcademicpeer-review

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T1 - Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment

AU - Pham, T.A.N.

AU - Meuwissen, M.P.M.

AU - Le, T.T.

AU - Bosma, R.H.

AU - Oude Lansink, A.G.J.M.

PY - 2015/8/9

Y1 - 2015/8/9

N2 - A growing number of European customers’ demands certified pangasius such as ASC in order to ensure sustainable production. Implementing Recirculating Aquaculture Systems (RAS) contributes to an improved water quality, a key issue in achieving ASC certification. This study uses a choice experiment to measure farmers’ preferences for RAS in pangasius production in Vietnam. The farmers’ choice for RAS is positively affected by enhanced yield levels and achievement of ASC certification with price premium. Also the area of farming is found to be important, i.e. farmers in saltwater intrusion areas are more likely to implement RAS. Main constraints are availability of finance and lack of trust in receiving the ASC price premium. To stimulate the adoption of RAS, policies can provide interest subsidies on loans to finance RAS investment, while retailers could ensure a price premium for ASC certified pangasius.

AB - A growing number of European customers’ demands certified pangasius such as ASC in order to ensure sustainable production. Implementing Recirculating Aquaculture Systems (RAS) contributes to an improved water quality, a key issue in achieving ASC certification. This study uses a choice experiment to measure farmers’ preferences for RAS in pangasius production in Vietnam. The farmers’ choice for RAS is positively affected by enhanced yield levels and achievement of ASC certification with price premium. Also the area of farming is found to be important, i.e. farmers in saltwater intrusion areas are more likely to implement RAS. Main constraints are availability of finance and lack of trust in receiving the ASC price premium. To stimulate the adoption of RAS, policies can provide interest subsidies on loans to finance RAS investment, while retailers could ensure a price premium for ASC certified pangasius.

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M3 - Conference paper

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Pham TAN, Meuwissen MPM, Le TT, Bosma RH, Oude Lansink AGJM. Adoption of Recirculating Aquaculture Systems in Pangasius Farms: A Choice Experiment. 2015. Paper presented at 29th International Conference of Agricultural Economists ICAE, Milan, Italy.