Fishpen Profit and Loss Update

How to farm for profit in the Philippines, business ideas. General advice about farming and business, how to get permit’s and licenses. Life style expectations and experiences.
Email… [email protected]

17 comments

  1. That is a fair salary for Gabriel, you may want to look at some sort of a profit sharing scheme that would be an incentive to maximize efficiency and profit.
    Sometimes, (not always) giving people a “piece of the pie” can instill personal interest in operations and pride in having pride in one’s work.
    Just an ideal.

  2. You’re supposed to take a loss in the first year. Tax breaks? Claims on plant equipment? Do you have those in the Philippines? Probably not…lol Most accounts can wring water from a rock! 🤗

    Daily Diaries on tides? Current flows? Current Speeds? Water temp? 3x+ a day? Low tides, High tides, Wind direction? Ambient temperatures? Get Microsoft Excel and start flow charting!

    Work on that oxygenation system…

  3. Not a bad start. You end up almost even (adding the cost of the pen). Next harvest will be a blast since you have ironed out the things that could be done better now. It’s just like opening a bank business. Most of the time you start with temporarily losing.

  4. Hey Brian, you said something about a budget to set up the other half of your pin, here’s my email ([email protected]) & my # 09499165222 if your interested lets talk about it? I’ve been waiting to hear your report and as I said if you and your partner are interested I maybe willing to fund the cost of the other half of your pin and it’s harvesting?

  5. Expensive lesson but a steep learning curve. Most businesses do not make back initial expenses in their first year, they amortize that over time so it’s the capital expense over the lifetime of that investment. 10 year on the caretaker house and 5-7 year in the fish pen that loss was a bit less than I thought you had at 75% that like a dry land farmer sometimes you buy seed and plant then the rains don’t come and you’ve lost the cost of the seed with little in return. That’s just life and I hope life spares you and Jason in the future. The depth of the pens and carrying capacity is good but at low tides it can be a bit cramped for a large amount of fish. Aeration is going to help with that kind of fluctuations and reduce mortality.
    Over all I think you did rather well with the hand you were dealt Brian. Commitment and good help cut your losses along with the providence of a storm . So here’s to better times and higher profits in the upcoming season. Good luck to you all Brian, Maricel, Jason and Jen ….❤️🙏

Leave a Reply