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Lab 10 FISH FARM 2 |
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The Business of Fish farming
This week you are going into business. You will take control of a fish farm and make all of the important management decisions. You can use some or all of the ponds to grow catfish. At the beginning of the year you will borrow money (you'll be out $100,000s to $1,000,000s) to buy fish, fish food and pay for your expenses including electricity. If you know what you are doing the fish will stay healthy and grow and at the end of the growing season you will be able to sell them and repay all of your loans plus have $250,000 or more profit. But if you don’t manage the farm well you will end up deep in debt.
The rest of the pre-lab reading gives you more information about your farm, the decisions that you have to make and the expenses that are involved. You will also get a hint on how to be successful this week.
Click on each of the categories below to find out more.
This week there is a pre-lab quiz and the class activity.
Make sure that you take the pre-lab quiz on blackboard before you come to class.
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