An Empirical Study of Financial Efficiency and Stability of Crab–Shrimp Farming Model In Mekong Delta, Vietnam

Abstract

The study is conducted with the goal of analyzing the financial efficiency of 308 crab - shrimp farming households in the Mekong Delta, finding factors that affect financial efficiency and the extent of their influence on farm household income. Research results show that extensive crab-shrimp farming households are highly effective. With the average cost of investment in production during the crab farming process of 2,051 thousand VND/1,000m2, the average revenue brought from farming Crab farming of 5,099 thousand VND/1,000m2, farmers have an average profit of about 3,020 thousand VND/1,000m2. The average value of the financial ratios shows that the production model in the Mekong Delta is financially effective, the average value of the revenue/cash cost is 8.08, profit/total costs is 2.31, net income/cash costs is 7.08, and profit /revenue is 0.37. Factors affecting the profits of extensive mud crab farmers consist of three influencing factors: Area, crab/total crab ratio, and farmers in Kien Giang Province. Additionally, the number of years of farming experience has an influence, but its impact is not statistically significant