Silver perch fingerlings (mean weight 15.3 g) were stocked at densities of 21 000 and 7000 fish/ha in six 0.1-ha earthen ponds and cultured for 10 months. There were three replicate ponds for each density. Ponds were aerated for at least 11 h a day and water was added every 4 weeks to replace that lost by evaporation and seepage. Fish were fed a formulated diet containing 35% crude protein at 4% body weight per day for the first 4 weeks and at rates up to 3% thereafter. The mean annual production rate of 9819 kg/ha of fish stocked at 21 000/ha was significantly higher ( P < 0.01) than the annual rate of 3699 kg/ha of fish stocked at 7000/ha. The maximum daily production and growth rates achieved in any pond over a 1-month period during summer were 97.7 kg/ha and 5.1 g/fish, respectively. Stocking density did not significantly ( P > 0.05) affect survival rate (treatment means for 21 000 and 7000 fish/ha: 92.8 and 94.7%), daily growth rate (0.2–3.3 and 0.3–3.4 g/fish), weight at harvest (434.9 and 473.2 g), food conversion ratio (1.9:1 and 1.8:1) and cost of feeding ($A1.55 and $A1.47/kg), suggesting that higher stocking densities and production rates are possible. Water temperatures ranged from 11.1 to 30.0 °C. Significantly ( P < 0.05) slower growth during December was associated with concentrations of NH 3-N up to 0.65 mg/l. The results demonstrate that silver perch is an excellent species for semi-intensive culture in static earthen ponds with the potential to form the basis of a large industry in Australia, based on high-volume, relatively low-cost production.