Changes in some economic indices of fish farms under market economy conditions [SHORT COMMUNICATION]

Abstract

The present study was undertaken to evaluate the effect of market economy conditions on the economic results of fish farms. Data collected from 1992 to 1998 were analyzed. Sample sizes for various indices, separately for pond and lake farms, ranged from 69 to 123. Six indices were chosen for the analyses, including financial liquidity (current and rapid), cost level, return (on sales and total assets) and labor efficiency. The direction and statistical significance of trends were evaluated using correlation coefficients. No negative trends were observed for any index, while positive trends were found for the following: index of current financial liquidity; rapid liquidity index; labor efficiency for lake farms; return on total assets and labor efficiency for pond farms. The overall economic efficiency was higher for pond farms.

CORRESPONDING AUTHOR:

Jerzy Worniałło, Instytut Rybactwa Śródlądowego, ul. Oczapowskiego 5, 10-719 Olsztyn; Tel./Fax: +48 89 5240171, +48 89 5240505