The Feasibility of Integrating the Noble Scallop Mimachlamys nobilis with Existing Fish Monoculture Farms in the South China Sea: A Bioeconomic Assessment from Hong Kong

Abstract

The environmental implications of integrated multitrophic aquaculture have been well studied in China, but few investigations have empirically explored potential economic benefits. This study investigated the technical and economic feasibility of physically integrating the noble scallop Mimachlamys nobilis (Reeve, 1852) with existing fish monoculture farms in Hong Kong. Scallops were grown for 201 days from June to December in lantern nets hung directly from fish farm platforms at treatment depths of 1, 3.5, and 6 m. Only the 1-m treatment attained the target mean height-at-harvest of 80 mm. Fitted von Bertalanffy growth functions showed significant differences in growth performance between depths. The von Bertalanffy growth function projected that the 3.5- and 6-m treatments would require an additional 26 and 59 days of culture to reach 80 mm. Mortality was significantly lower at 1 m (53% ± 12.5%) compared with those at 3.5 m (70% ± 9.0%) and 6 m (83% ± 4.5%). The slower growth and higher mortality at 3.5 and 6mwere probably due to periodically low oxygen which dropped to 4.96, 3.08, and 1.73 mg L-1 at 1, 3.5, and 6 m, respectively, in midsummer. A bioeconomic assessments of two typical farm sizes was conducted; small (45 m2) and large (315 m2). The initial investment, discounted payback time, and 10-y net present value of the projects was US$5,485.51, 3 y, and US$20,211.33, respectively, for the small farm and US$27,659.03, 2 y, and US$227,406.49, respectively, for the large farm. Sensitivity analysis revealed that the profitability of operations was sensitive to changes in mortality and sales price. This study has confirmed that physically integrating M. nobilis at existing fish farms is technically and economically feasible.