December 25, 2024 | 11:50 GMT +7

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Wednesday- 19:17, 20/11/2024

Linked chain models help pangasius farmers cut losses and get rich

(VAN) Thanks to the pangasius farming link, cooperative members overcame the price crisis and reduced costs by VND 1,500-2,000/kg of fish over farmers.
Mr. Nguyen Thanh Binh, Director of Chau Thanh Aquatic Services Cooperative, Dong Thap, inspects fish feed. Photo: Le Hoang Vu.

Mr. Nguyen Thanh Binh, Director of Chau Thanh Aquatic Services Cooperative, Dong Thap, inspects fish feed. Photo: Le Hoang Vu.

Avoiding losses thanks to the linked chain

While pangasius farmers in the Mekong Delta are facing the situation of "the more they farm, the more they lose," the farming households in the Chau Thanh Aquatic Services Cooperative in An Hoa Islet, An Nhon commune, Chau Thanh district, Dong Thap province, still maintain a profit of VND 500-1,000/kg of fish. This success is due to the model of linking with Co May Lai Vung Co., Ltd., which ensures stable input and output for the farmers.

According to Mr Nguyen Thanh Binh, Director of the Chau Thanh Aquatic Services Cooperative, this linked model fully utilizes the local advantages, such as favourable water sources from the Tien River and the long-standing fish farming experience of the cooperative's members. The enterprise supports 100% of the feed for the entire farming season, with capital recovery after harvest, while also ensuring stable output through contracts for purchase.

The Chau Thanh Aquatic Services Cooperative was established in June 2015 with 16 members and 30 ha of water surface for pangasius farming, all linked with enterprises. Photo: Le Hoang Vu.

The Chau Thanh Aquatic Services Cooperative was established in June 2015 with 16 members and 30 ha of water surface for pangasius farming, all linked with enterprises. Photo: Le Hoang Vu.

At this time, most pangasius farmers in the Mekong Delta are facing losses, while the investment cost for 1kg of fish is currently between VND 28,000 - 29,000/kg, and when selling below cost, it is only VND 27,000 - 27,500/kg. This means farmers are losing more than VND 1,000/kg, but Chau Thanh Aquatic Services Cooperative is still surviving, albeit with small profits.

Many benefits from the cooperative

Upon joining the cooperative, members not only receive support from the enterprise but also from the Chau Thanh Aquatic Services Cooperative itself. One of the notable benefits is a 6% discount on the total value of feed invoices, along with interest-free loans to help with short-term capital.

Members of the Chau Thanh Aquatic Services Cooperative are supported by Co May Lai Vung Co., Ltd. with 100% of the feed for the entire farming season. The enterprise only recovers the feed cost after the fish are sold. Photo: Le Hoang Vu.

Members of the Chau Thanh Aquatic Services Cooperative are supported by Co May Lai Vung Co., Ltd. with 100% of the feed for the entire farming season. The enterprise only recovers the feed cost after the fish are sold. Photo: Le Hoang Vu.

The cooperative also encourages its members to apply advanced farming standards such as VietGAP, GlobalGAP, and HACCP, which help reduce production costs and improve fish quality. As a result, the pangasius from the cooperative always meets export standards, ensuring profits for the farmers.

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Thanks to the linkage in pangasius farming, the members of the Chau Thanh Aquatic Services Cooperative have reduced investment costs by VND 1,500-2,000/kg of fish compared to farmers outside the cooperative. Photo: Le Hoang Vu.

Author: Le Hoang Vu

Translated by Hoang Duy

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