Financial and environmental assessment of a lane snapper Lutjanus synagris pisciculture in the Colombian Caribbean

Abstract

With the aim of evaluate and determine the economic and environmental factibility and the viability of the  production and comercialization of the lane snapper (Lutjanus synagris), a Cost-Benefit, Net Utility, Equivalent  Uniform Periodic Value, and Internal Return Rate (IRR) financial analysis were made involving variables  associated to the culture in floating cages or land ponds, diets and mechanisms of marketing. According to  the financial evaluation criteria, the project would generate an additional wealth of 39.5%. Cost-Benefit ratio  showed that investment would be recovered, obtaining an additional 65% for each monetary unit invested.  The payback period of investment is 7 years and the IIR would exceed the discount rate of the project, which  is 18.95%,  indicating, as well as the others assessment criteria, that this project is favorable when dealing with financing and a 5% increase on the price per unit in smoked fish of 250 g in the model associated with  floating cages culture. The Leopold matrix allowed to identify that the main environmental impacts associated  with the project are involved in the construction phase of the facilities and the land ponds