Bioeconomic analysis of giant kelp Macrocystis pyrifera cultivation (Laminariales; Phaeophyceae) in northern Chile

Sergio Zuniga-Jara, María Cristina Marín-Riffo, Cristian Bulboa-Contador

Resultado de la investigación: Research - revisión exhaustivaArticle

Resumen

This study analyzed the economic feasibility of offshore commercial cultivation of Macrocystis pyrifera in northern Chile. To achieve this objective, a continuous-time model including biological, technological, and economic aspects was developed. To implement this model, the biomass growth until marketable size is reached was estimated for three periods of the year. A periodic system of cultivation and harvesting is described, and the main investments, operation costs, remunerations, and operational costs of cultivation and harvesting are defined. The results of the baseline model show that cultivation is not profitable in the long term considering the selling price and the harvest yield. Additionally, at baseline, the revenue is unable to cover the investment costs or the operation costs. However, in a scenario in which productivity is 211 % higher than the base harvest and prices are 25 % higher, cultivation becomes profitable, with positive net present values (NPV) after 14 years. Despite the aforementioned considerations, the opportunity for generating greater value from this type of cultivation is discussed, taking into account its characteristics as units that provide ecosystem services, which is a feature that is starting to be discussed in relation to marine environments.

IdiomaEnglish
Páginas405-416
Número de páginas12
PublicaciónJournal of Applied Phycology
Volumen28
Número de edición1
DOI
EstadoPublished - 1 feb 2016

Huella dactilar

Laminariales
Macrocystis pyrifera
bioeconomics
Phaeophyceae
macroalgae
Chile
analysis
cost
wages and remuneration
economic feasibility
marine environment
ecosystem services
income
economics
biomass
biological models
price
harvest
ecosystem service
productivity

Keywords

    ASJC Scopus subject areas

    • Aquatic Science
    • Plant Science

    Citar esto

    @article{48444a4864e5421bbb219e74bfe3e6f4,
    title = "Bioeconomic analysis of giant kelp Macrocystis pyrifera cultivation (Laminariales; Phaeophyceae) in northern Chile",
    abstract = "This study analyzed the economic feasibility of offshore commercial cultivation of Macrocystis pyrifera in northern Chile. To achieve this objective, a continuous-time model including biological, technological, and economic aspects was developed. To implement this model, the biomass growth until marketable size is reached was estimated for three periods of the year. A periodic system of cultivation and harvesting is described, and the main investments, operation costs, remunerations, and operational costs of cultivation and harvesting are defined. The results of the baseline model show that cultivation is not profitable in the long term considering the selling price and the harvest yield. Additionally, at baseline, the revenue is unable to cover the investment costs or the operation costs. However, in a scenario in which productivity is 211 % higher than the base harvest and prices are 25 % higher, cultivation becomes profitable, with positive net present values (NPV) after 14 years. Despite the aforementioned considerations, the opportunity for generating greater value from this type of cultivation is discussed, taking into account its characteristics as units that provide ecosystem services, which is a feature that is starting to be discussed in relation to marine environments.",
    keywords = "Bioeconomic model, Chile, Culture, Kelp, Macrocystis pyrifera",
    author = "Sergio Zuniga-Jara and Marín-Riffo, {María Cristina} and Cristian Bulboa-Contador",
    year = "2016",
    month = "2",
    doi = "10.1007/s10811-015-0581-x",
    volume = "28",
    pages = "405--416",
    journal = "Journal of Applied Phycology",
    issn = "0921-8971",
    publisher = "Springer Netherlands",
    number = "1",

    }

    Bioeconomic analysis of giant kelp Macrocystis pyrifera cultivation (Laminariales; Phaeophyceae) in northern Chile. / Zuniga-Jara, Sergio; Marín-Riffo, María Cristina; Bulboa-Contador, Cristian.

    En: Journal of Applied Phycology, Vol. 28, N.º 1, 01.02.2016, p. 405-416.

    Resultado de la investigación: Research - revisión exhaustivaArticle

    TY - JOUR

    T1 - Bioeconomic analysis of giant kelp Macrocystis pyrifera cultivation (Laminariales; Phaeophyceae) in northern Chile

    AU - Zuniga-Jara,Sergio

    AU - Marín-Riffo,María Cristina

    AU - Bulboa-Contador,Cristian

    PY - 2016/2/1

    Y1 - 2016/2/1

    N2 - This study analyzed the economic feasibility of offshore commercial cultivation of Macrocystis pyrifera in northern Chile. To achieve this objective, a continuous-time model including biological, technological, and economic aspects was developed. To implement this model, the biomass growth until marketable size is reached was estimated for three periods of the year. A periodic system of cultivation and harvesting is described, and the main investments, operation costs, remunerations, and operational costs of cultivation and harvesting are defined. The results of the baseline model show that cultivation is not profitable in the long term considering the selling price and the harvest yield. Additionally, at baseline, the revenue is unable to cover the investment costs or the operation costs. However, in a scenario in which productivity is 211 % higher than the base harvest and prices are 25 % higher, cultivation becomes profitable, with positive net present values (NPV) after 14 years. Despite the aforementioned considerations, the opportunity for generating greater value from this type of cultivation is discussed, taking into account its characteristics as units that provide ecosystem services, which is a feature that is starting to be discussed in relation to marine environments.

    AB - This study analyzed the economic feasibility of offshore commercial cultivation of Macrocystis pyrifera in northern Chile. To achieve this objective, a continuous-time model including biological, technological, and economic aspects was developed. To implement this model, the biomass growth until marketable size is reached was estimated for three periods of the year. A periodic system of cultivation and harvesting is described, and the main investments, operation costs, remunerations, and operational costs of cultivation and harvesting are defined. The results of the baseline model show that cultivation is not profitable in the long term considering the selling price and the harvest yield. Additionally, at baseline, the revenue is unable to cover the investment costs or the operation costs. However, in a scenario in which productivity is 211 % higher than the base harvest and prices are 25 % higher, cultivation becomes profitable, with positive net present values (NPV) after 14 years. Despite the aforementioned considerations, the opportunity for generating greater value from this type of cultivation is discussed, taking into account its characteristics as units that provide ecosystem services, which is a feature that is starting to be discussed in relation to marine environments.

    KW - Bioeconomic model

    KW - Chile

    KW - Culture

    KW - Kelp

    KW - Macrocystis pyrifera

    UR - http://www.scopus.com/inward/record.url?scp=84957442542&partnerID=8YFLogxK

    U2 - 10.1007/s10811-015-0581-x

    DO - 10.1007/s10811-015-0581-x

    M3 - Article

    VL - 28

    SP - 405

    EP - 416

    JO - Journal of Applied Phycology

    T2 - Journal of Applied Phycology

    JF - Journal of Applied Phycology

    SN - 0921-8971

    IS - 1

    ER -