Factors affecting the financial efficiency of crab farming model in the Mekong Delta

Abstract

The study aimed to analyze the financial performance of 308 crab farming households in the Mekong Delta, identify factors that impact financial performance, and determine their influence on farm household income. The research results revealed that extensive crab farming households were highly effective, with an average investment cost of 2,051 thousand VND/1,000 m² during the crab farming process. The average revenue generated from crab farming was 5,099 thousand VND/1,000 m², resulting in an average profit of approximately 3,020 thousand VND/1,000 m². The average financial ratios indicated that the production model in the Mekong Delta was financially successful, with an average cash revenue/cost ratio of 8.08 times, profit/total costs ratio of 2.31 times, net income/cash costs ratio of 7.08 times, and profit revenue ratio of  0.37 times. The factors that influenced the profits of extensive mud crab farmers included three key factors: area, ratio of crabs to the total crab output, and farmers in Kien Giang Province.