Is Raising Crayfish Profitable? Profit and Cost Analysis of Crayfish Farming

As the economy grows more developed today, crayfish have become an indispensable delicacy on the dining table. More and more people enjoy eating crayfish. So is crayfish farming actually profitable? Is the risk of crayfish farming high? Are the profits of crayfish farming high? Let us take a look together at the 2018 market value analysis of crayfish.

Is Crayfish Farming Profitable

Although problems such as incomplete farming infrastructure, an still unsound crayfish seed industry system, a relatively lagging processing industry, and a low level of organization and intensification still restrict the development of the industry. According to a report forecast, at present, China's total annual demand for crayfish is about 1.9 million tons, of which catering demand is 1.4 million tons and processing demand is 500,000 tons, with a demand gap of nearly 1 million tons. In addition, the international market demand gap is about 300,000 tons. Fortunately, capital, policy, and consumption levels are all optimistic about the development prospects of the crayfish industry. The crayfish supply chain will have a “model” to follow, and some local governments have even included the construction of crayfish production bases in modern fishery construction projects, increasing the amount of funds for farmland improvement and construction. According to analysis, the social attributes of crayfish itself, as well as the characteristic that the concentrated supply season coincides with the peak period of night markets, will keep consumption scenarios such as brand catering stores and late-night food stalls themed around crayfish booming, and the building and optimization of industry brands, markets, and supply chains will step into normalization, standardization, and institutionalization. The crayfish market is in short supply, and the situation in which demand on the consumption side forces growth on the industry side will continue. “The entire crayfish industry still has great room for development”, so crayfish farming still has opportunities to make money.

Profit and Cost Analysis of Crayfish Farming

1. Cost

1. Now taking 120 jin of breeding crayfish per mu as the base for a rough estimate, the stocking amount is 120 jin/mu×20 crayfish/jin=2400 crayfish/mu, the ratio of male to female crayfish is 1:1, and 1200 male and 1200 female crayfish are stocked per mu.

2. There is loss in the process of transporting breeding crayfish. Calculated at a survival rate of 95%: then the number of female crayfish per mu is 1200×95%=1140.

3. Each jin of breeding crayfish costs 58 yuan, and the total cost of breeding crayfish is: 120 jin*58 yuan=6960 yuan.

2. Income

1. The total number of juvenile crayfish produced per mu per year in crayfish farming is: 1140/mu×2 times/crayfish?year×200 crayfish/time=456000 crayfish/mu?year.

2. The survival rate of breeding crayfish from laying eggs to growing into juvenile crayfish is 8%—30%. Calculated at the lowest 8%, the total number of adult crayfish produced per year is: 456000 crayfish/year×8%=36480 crayfish/mu?year.

3. They can be marketed 2—3 months after laying eggs. Each adult crayfish grows to 50 grams (about 10 crayfish/jin). The total annual output per mu is: 36480 crayfish/mu?year÷12 crayfish/jin=3040 jin/mu?year.

4. Then the annual gross profit per mu is: 3040 jin×10 yuan/jin=30400 yuan/mu.

3. Profit

1. Net profit=gross profit 30400 yuan—seed purchase cost (120 jin×58 yuan) 6960 yuan-feed, feed cost, water and electricity, transportation 2000 yuan=21440 yuan.

2. Summary: the profit of crayfish farming per mu is 21440 yuan, then farming 10 mu of crayfish requires labor, so it is necessary to pay more for pond rent (700/mu), labor wages 12000 yuan/year?mu, and farming 10 mu of crayfish can earn: 21440-700-12000=8740 yuan*10=87400 yuan.

2018 Crayfish Market Analysis

1. New models emerge endlessly. Newly established brands like Duoluoxia became the company with the largest sales volume in the crayfish industry in just two years, and were also the first to cover the whole country, and also drove up demand for crayfish. E-commerce will still be crazy. After using crayfish as a traffic entry point in 2017, JD.com and Tmall got a taste of the benefits, and in 2018 the two giants will still promote it at all costs, and will still consume large amounts of crayfish.

2. Huge offline dine-in will continue to spread across the country, and huge demand will still grow.

3. New forces will also emerge endlessly: in addition to giants like Duoluoxia that will still grow at high speed, 2018 sales are estimated to surge into the range of several billion yuan, and other listed companies and new-model businesses are all sharpening their knives and entering crayfish in a big way.

How Much Can Be Earned by Farming 20 Mu of Crayfish

1. This is actually affected by many factors, such as stocking density, market selling price, and so on. Now suppose 120 jin of breeding crayfish are stocked per mu, 20 crayfish per jin, then 120 jin is 2400 crayfish, the ratio of male to female crayfish is 1:1, and because there is transportation loss, suppose the survival rate is 95%, that is 2280 crayfish.

2. The annual number of juvenile crayfish produced by female crayfish is 1140*2 times/crayfish/mu*200 crayfish/time=45.6 crayfish/mu/year. The survival rate of breeding crayfish from laying eggs to growing into juvenile crayfish is 8%—30%. Calculated at the lowest 8%, the total number of adult crayfish produced per year is: 456,000 crayfish/year×8%=36480 crayfish/mu/year.

3. They can be marketed 2—3 months after laying eggs. Each adult crayfish grows to 50 grams (about 10 crayfish/jin), then the annual output per mu is 6480 crayfish/mu/year÷12 crayfish/jin=3040 jin/mu/year. Now suppose the market price per jin of crayfish is 10 yuan, not counting costs, one mu can earn 30,400 yuan, and 20 mu of crayfish can earn 608,000 yuan. This is still a conservative estimate, and the actual situation may be more.

4. Crayfish farming has very low requirements for water quality, and they can be farmed in various waters, whether lakes, ponds, rice fields, or swamps, etc. In addition, crayfish grow quickly and have high yields. About 3 months after stocking crayfish seed and laying eggs, they can be marketed. The crayfish seed is stocked once, and there is no need to purchase and stock seed again within 3—5 years. Moreover, the offspring do not degenerate or mutate, and the yield per mu remains unchanged for a long time. There are many farming advantages.

Now more and more people like eating crayfish, and crayfish can also be made into many flavors, such as spicy crayfish, garlic crayfish, mala crayfish, braised crayfish, and so on. Therefore I think the advantages of crayfish farming are still very strong. So friends who are still wavering can choose to give it a try.