This first module on managing aquaculture as a business covers technical aspects such as primary productivity, carrying capacity, growth rate and yield in water, general classification criteria for aquaculture systems and the main features of pond- and cage-based fish farming systems. It will be complemented by a second module on the economic aspects.

Complementing Module 1 on the technical dimension of commercial aquaculture, this training module looks at the economic aspects of aquaculture development and discusses sustainability and business planning. It provides guidance for small- and medium-scale fish farmers on assessing the economic and financial viability of their fish farms, including the technicalities of cost structure and cash flow analyses.

This technical paper presents three major sets of information resource: (i) five case studies from five Asian countries, (ii) the synthesis of the case studies and (iii) the report of the regional workshop that reviewed the case studies and the draft synthesis of the case study reports, provided additional science-based, professional, and experiential information, and developed recommendations to strengthen, empower and sustain organizations of small-scale fish farmers and related aquaculture-based enterprises.

This technical paper begins by introducing the concept of aquaponics, including a brief history of its development and its place within the larger category of soil-less culture and modern agriculture. It discusses the main theoretical concepts of aquaponics, including the nitrogen cycle and the nitrification process, the role of bacteria, and the concept of balancing an aquaponic unit. It then moves on to cover important considerations of water quality parameters, water testing, and water sourcing for aquaponics, as well as methods and theories of unit design, including the three main methods of aquaponic systems: media beds, nutrient film technique, and deep water culture. The publication discusses in detail the three groups of living organisms (bacteria, plants and fish) that make up the aquaponic ecosystem. It also presents management strategies and troubleshooting practices, as well as related topics, specifically highlighting local and sustainable sources of aquaponic inputs. The publication also includes nine appendixes that present other key topics: ideal conditions for common plants grown in aquaponics; chemical and biological controls of common pests and diseases including a compatible planting guide; common fish diseases and related symptoms, causes and remedies; tools to calculate the ammonia produced and biofiltration media required for a certain fish stocking density and amount of fish feed added; production of homemade fish feed; guidelines and considerations for establishing aquaponic units; a cost-benefit analysis of a small-scale, media bed aquaponic unit; a comprehensive guide to building small-scale versions of each of the three aquaponic methods; and a brief summary of this publication designed as a supplemental handout for outreach, extension and education.

This document reviews the development of the aquaculture industry in the Latin America and the Caribbean region over the past decade. In 2018 aquaculture production in the region amounted to an estimated 3.1 million tonnes of aquatic products (excluding seaweeds) worth USD 17.2 billion at first sale. This food sector is vastly concentrated in a few countries with the combined output from Brazil, Chile, Colombia, Ecuador and Mexico representing over 85 percent of the total regional production. Atlantic salmon, rainbow trout, tilapia, whiteleg shrimp and the Chilean mussel collectively contributed 80.4 percent and 85.9 percent of the regional production by volume and value, respectively. Marine aquaculture has been the dominant production environment in the region for the past two decades, accounting for 70.1 percent of the farmed output in 2018. Production models vary widely, with a concentration of large-scale companies in Chile, while primarily small- and/or medium-size operations in Brazil, Peru and several other countries. Introduced species remain top on the list among those farmed such as tilapia and the different salmonids both of which have contributed to local livelihoods and employment. Tilapia farming has contributed significantly to food security in many countries of the region while the largest proportion of farmed salmons have been destined to the export markets. Production prospects remain promising, however the industry requires in general better governance, the adoption at all levels of appropriate technologies and best practices, and renewed efforts to guarantee environmental sustainability and social acceptance as well as competitiveness and foresight to deal with climate and market changes. The small island developing states (SIDS) face additional challenges including limited expertise, high production costs, poor seed supplies, as well as extreme and destructive weather events. The report discusses issues that require wider regional attention for the aquaculture sector to grow. Key recommendations focus on governance-related improvements highlighting the need for solid sectoral development plans, support policies, and effective rules and regulations. The promotion of a stronger cooperation among the countries in the region as well as further afield on technical matters, species diversification and equal support to smalland large-scale farming operation are identified as key elements to foster investment and help the region gain a solid position among world aquatic food producers.

The USAID-funded Sierra Leone Feed the Future (FtF) Agriculture Project implemented by WorldFish has completed its initial pilot phase (July 2015 to September 2016). During this phase, the project identified and tested interventions to develop integrated agriculture-aquaculture (IAA) farming systems and associated value chains to enhance food, nutrition and livelihood outcomes for rural households in Tonkolili District. This project emphasizes rehabilitation and improvement of fish and rice farming systems combined with nutritious vegetable crops. The assessment of existing fish and rice value chains in Sierra Leone was a key component of this initial phase to improve understanding of current farming systems and identify opportunities for interventions to increase productivity and income and improve nutrition among rural households in Tonkolili District. This report presents the key findings of the fish value chain assessment, with an emphasis on the development of the aquaculture sector and recommendations for potential value chain interventions in marine and freshwater fisheries and aquaculture sectors.

These Guidelines are an outcome of a joint FAO, Network of Aquaculture Centres in Asia-Pacific (NACA) and Asia-Pacific Rural and Agricultural Credit Association (APRACA) Regional Workshop on the Promotion of Aquaculture Insurance in Asia, held in Bali, Indonesia, from 30 April to 2 May 2007. The workshop was hosted by the Government of Indonesia, Directorate General for Aquaculture, and attended by policy-makers and international experts from the rural finance, insurance and aquaculture sectors from both the region and elsewhere. The document also contains the Report of the Regional Workshop and two background papers produced for the workshop.