Looking at the factors that influence the potential of shrimp farming
Many people nowadays believe that shrimp farming has great potential. This is because shrimp is a commodity that is high in demand on the global market. As a fishery commodities exporter, Indonesia makes a significant contribution to the global shrimp market. In 2015–2020, Indonesia is capable of fulfilling an average of 6.9 percent of the global shrimp market.
Shrimp farming has great capital and production expenses. The profit margin from the selling price of shrimp to the market, on the other hand, is quite promising. Shrimp farming can reap a minimum profit of 30% for farmers.
Even though the profit is quite promising, the shrimp farming business is inseparable from several risks. Those risks threaten the business through disease infections and weather. Disease infections that lurk shrimp farming can lead to mass death of shrimps. It will cause harm to the farmers.
Although risks keep lurking, farmers can take anticipatory actions to mitigate them, such as preparing cultivation insurance. Insurance will cover the risks, losses, and failures of cultivation. With insurance, farmers have a sense of security in running a shrimp farming business.
There are several factors that promote anticipatory actions to prevent cultivation risk, especially in Indonesia. The government and society are the primary actors in these factors. Some of the reasons why shrimp farming is considered promising are as follows:
Pond revitalization and shrimp farming export increase program
The government, through the Ministry of Maritime Affairs and Fisheries, supports the shrimp pond revitalization program. Traditional shrimp ponds are the focus of the revitalization program in issue. Rather than acquiring new land for shrimp farming, the Ministry of Maritime Affairs and Fisheries prioritizes the implementation of a revitalization program. Along with revitalization, the government promotes increased shrimp exports.
The demand for fish exports and consumption continues to rise
The government's support for increasing national shrimp exports is not without reason. This desire stems from the rising demand for shrimp exports. In addition to export demand, the number of fish consumption continues to increase. These two phenomena demonstrate that the fishing industry is gaining traction in the global market.
Each kilogram of shrimp has a high potential profit
Shrimp prices fluctuate and can change at any time depending on the production capacity and demand. However, the price of vannamei shrimp remains quite appealing to farmers. This appealing price will lead to a sizable profit potential.
Investment or cooperation scheme in shrimp farms keeps increasing
Recently, there has been an increase in the number of startup companies that provide investment services in shrimp farms. The presence of these companies is one of the factors that make shrimp farms increasingly popular and become an alternative investment. The business models offered are also diverse, including a cooperation scheme for pond management and operation.
You can find this cooperation scheme in JALA. Shrimp farmers do not need to worry about cultivating since JALA will provide assistance from pre-production, production, to post-production. JALA can help you with anything, from the access to funding, consulting with experts, implementing technology, to gaining access to the market.
Are you interested in starting a shrimp farm? Start managing your shrimp farm with JALA. Kindly contact 0813-2551-4194 for further information.
