Economic Efficiency of Milkfish Aquaculture Production in Binangonan, Rizal, 2024

Date

6-2025

Degree

Bachelor of Science in Agricultural Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Antonio Jesus A. Quilloy

Committee Member

Geny F. Lapiña, Maria Angeles O. Catelo

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Abstract

The study evaluated the economic efficiency of milkfish aquaculture production in Binangonan, Rizal. Specifically, the study aimed to: (i) describe the sociodemographic characteristics and cultural management practices of fisherfolk engaged in milkfish aquaculture production; (ii) determine the factors that affect milkfish aquaculture production; (iii) evaluate the technical efficiency, allocative efficiency, and economic efficiency of milkfish aquaculture production; and (iv) determine the factors that affect economic efficiency. The production cycle starting from May 2024 to January 2025 was covered in the study.

Primary data were gathered from 56 proportionally randomly selected milkfish producers from Binangonan, Rizal. Stochastic frontier production function analysis and stochastic frontier cost function analysis were used to evaluate technical efficiency and allocative efficiency, respectively. Costs and returns analysis was used to determine the profitability of milkfish production.

The study found that the sample milkfish producers were around 84 percent technically efficient, 100 percent allocatively efficient, and 84 percent economically efficient, on average. Based on the technical efficiency analysis, years of experience and membership in an organization positively affected technical efficiency, while age negatively affected technical efficiency. Since the farmers were already 100 percent allocatively efficient, the mean score and determinants of economic efficiency were the same as those of technical efficiency. Given the mean efficiency levels of the respondents, the mean net farm income for one production cycle amounted to PhP 64,200 per 1000 m2 . This is equivalent to a mean monthly net farm income of PhP 11,088 per 1000 m2 , based on the average length of the production cycle of 5.79 months.

Based on the results, the study recommended the following: (i) design and implement training programs and seminars targeted at older farmers and farmers with less experience in milkfish production; (ii) improve the dissemination of information regarding these activities to improve the awareness of farmers; and (iii) develop recommended management practices and input usage that takes into account the existing practices, financial capacity of farmers, and the condition of Laguna de Bay.

Language

English

LC Subject

Milkfish industry—Philippines, Aquaculture—Management

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2025 A14 B46

Notes

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Document Type

Thesis

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