Assessment of household risk management strategies for coastal aquaculture: the case of clam farming in Thaibinh Province, Vietnam
Ngo, T.T.H.; Azadi, H.; Tran, H.C.; Lebailly, P. (2018). Assessment of household risk management strategies for coastal aquaculture: the case of clam farming in Thaibinh Province, Vietnam. Aquacult. Int. 26(2): 451-468. https://dx.doi.org/10.1007/s10499-017-0226-y
Clam farmers have experienced different types of risks that have been further exacerbated by the rapid expansion of clam farming areas, increased growing densities, and increased market difficulties in recent years in the Thaibinh Province of Vietnam. Most farmers have been seriously affected by production risk, market risk, and financial risk, while a number of others have met with success in almost all of their clam-raising cycles. This study applied a differentiating comparative analysis method and multiple discriminant analysis method to discuss the differences in risk management strategies between and among clam farming households and the impacts of those differences on their success/failure rates. In general, the tactics are related to increase in farm size, the application of technical innovations, diversifying livelihood activities, and accessing secure financial sources all provided better conditions for clam growth, diminished losses, and led to speedier recovery from shocks. To support farmers in managing risks, several government interventions are needed: (1) better re-zoning of clam farming areas in parallel with an increase in the farm size of each household, (2) promoting sustainable linkages between the farmers and the formal financial market and output market, and (3) investing more funding into research and extension related to sustainable clam farming practices and to the improvement of farmers' skills in cooperative works and management.
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