A Comparison of Cost and Economic Benefit for Commercial Wolffia Rearing Ponds in Thailand

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Published: Apr 25, 2025
Keywords:
Wolffia Costs and Economic Returns Commercial Cultivation

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Pankamol Wangspa
Department of Agricultural and Resources Economics, Faculty of Economics, Kasetsart University, Thailand
Santi Sanglestsawai
Department of Agricultural and Resources Economics, Faculty of Economics, Kasetsart University, Thailand
Areeya Obidiegwu
Department of Agricultural and Resources Economics, Faculty of Economics, Kasetsart University, Thailand
Nopasom Sinphurmsukskul
Department of Agricultural and Resources Economics, Faculty of Economics, Kasetsart University, Thailand

Abstract

This research aims to analyze and compare the costs and economic returns of commercial Wolffia cultivation using cost-benefit analysis based on data collected from surveys and interviews with seven commercial Wolffia farmers. The farmers were classified into four groups according to the type of pond used for cultivation. The study's findings indicate that condominium ponds have the highest cost, averaging 92.1 THB per square meter per batch, while also yielding the highest net profit of 102.4 THB per square meter per batch. Although cultivation in condominium-style ponds involved high electricity costs and equipment depreciation, analyzing cost efficiency and profitability suggests that the use of condominium-style ponds for Wolffia cultivation is a suitable option for farmers seeking a worthwhile investment for commercial Wolffia production.

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How to Cite
Wangspa, P., Sanglestsawai, S., Obidiegwu, A., & Sinphurmsukskul, N. (2025). A Comparison of Cost and Economic Benefit for Commercial Wolffia Rearing Ponds in Thailand. Applied Economics, Management and Social Sciences, 2(1), 19–30. retrieved from https://so15.tci-thaijo.org/index.php/A_EMS/article/view/2189
Issue
Vol. 2 No. 1: January-April 2025
Section
Research Article

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