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A Cost Benefit Analysis of the Fish Farming Enterprise and Productivity Program in Kenya Public Deposited

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  • The study contains a cost benefit analysis of the aquaculture development component of the Fish Farming Enterprise Productivity Program (FFEPP) undertaken for Meru County in Kenya. It focuses on the implementation of the FFEPP undertaken from 2009 up to 2013 and evaluates its benefits and costs against the opportunity cost of agricultural land for the beneficiaries of the project. In the authors' estimation, the aquaculture development project has a net present value of KSh 59.6 million during its 15 year lifespan. With some extra costs at the end of each 15 year period, the lifespan can be extended to infinity and the net present value increased to KSh 197.9 million. Besides these direct benefits which translate to improved livelihoods for locals, there are further indirect economic benefits for the whole region. These results indicate that the project can generate greater benefits for the community and the region; adequately compensating them for the opportunity forgone on their agricultural land used for the project. The project appears to be fulfilling all the intended governmental objectives in terms of providing food security and increasing production significantly. The sensitivity analysis shows that the NPV of the FFEPP project is highly sensitive to the market price of fish, the cost of feeds, the size of pond production, the prices of fingerlings, the discount rate and the drop-out rate of farmers respectively
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  • Seattle, Washington, USA
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