OPTIMIZING CATFISH FEEDING AND STOCKING STRATEGIES OVER A TWO-YEAR PLANNING HORIZON

Abstract

Rising costs of feed ingredients in recent years have resulted in record increases in catfish feed prices. Since understocked channel catfish (Ictalurus punctatus) do not reach market size until the second year of production, static one-year economic models and analyses may not be adequate. A previous mixed-integer profit-maximizing model was extended to include a second year to evaluate the effects of varying feeding frequencies on farm management decisions, particularly on adjustments in the second year. Production options considered included frequency of feeding (every day, every other day, and every third day), multiple-batch production from four different fingerling sizes, and single-batch production from three different stocker sizes. Every day feeding was identified as the profit-maximizing feeding strategy on farms using multiple-batch production but unfavorable market prices, high feed prices, and operating capital constraints reduced feeding frequencies. Every day feeding remained the optimal strategy for farms in single-batch foodfish production. Market and capital constraints reduced the scale of farms operating in single-batch foodfish production, but did not change the optimal every day feeding strategy. Farms maximized profits by transitioning from multiple batch to single batch over the two-year period.