In Haiti aquaculture production becomes even more important because of the factors mentioned below :
- Uncontrolled depredation in coastal areas of indiscriminately harvested species and sizes endangers not only natural resources but also the source of work that depends on them and the nutritional future of the population. Fishing for small or very young individuals prevents the reproductive cycle from being successful and continuous.
- As the cost of sea fish is too high, it is only accessible to certain sections of the population, a minority better positioned socially and economically. Sea fish as well as its nutrients, more precisely its protein intake in the diet are inaccessible to the great mass.
- Environmental, geographic and demographic factors such as: rapid population growth, deforestation, soil erosion and water availability and quality make access to locally produced food more difficult and the country more dependent on import and more expensive commodities. Hence the importance of thinking of effective and sustainable alternatives to fight hunger and undernutrition.
- According to the FAO, to meet the average per capita annual fish consumption of 4.8kg, almost 50% of fish comes from imports. Investing in aquaculture would reduce these imports in order to reduce the overall trade deficit and limit damage to the depreciation of the local currency.
- Again according to the FAO, the recommended consumption of fish per year per person is 11.7kg. We are more than twice below the recommended average, so we need to fix it. To do this, if we do not want to resort to even more imports and further aggravate the trade deficit, resort to aquaculture and increase its production are essential.
- Consumption of imported frozen hen is widespread in the country. These hens consumed are often go through hormone-based treatments and chemicals. Which is potentially harmful to human health. As a result, offering an appropriate substitute that would reduce these imports and provide a more reliable food alternative is necessary.
From a macroeconomic point of view, this project would then make it possible to increase the local production potential in order to reduce a part of the fish import market, which would thus favor a reduction of the trade deficit on a global scale. Also, according to the national projects for the protection of the littoral and the biological biodiversity, several marine parks will be implemented in order to stop the phenomenon of overfishing which considerably reduces the production of sea fish of Haiti. As a result, fishermen will be relocated and deprived of their main source of income. The project thus offers a possibility for these sinners of a substitution job either within the structure itself as employees or as small distributors.
Also if we have to increase our fish consumption
From the social point of view, there is evidence that (studies on malnutrition). According to the international figures quoted earlier, we are below the average annual consumption of fish and we must compensate. Investing in a project that promotes fish production would provide local people with access to a rich food source and help fight hunger.
The financial profitability of the Aquafarm Rose is presented in the financial analysis of the final section and will begin after the first year of marketing On the other hand this profitability will be relatively low at the very beginning since the net profits will not be able to cover the 3 first years the amount of the repayment of the borrowed capital. We will then consider that the project will be in perfect form from the 4th year. Even though Rose AquaFerme produces 70000 pounds per month of tilapia thus 600000 pounds per year, and even without increasing the size of the market by marketing, it does not represent 420 tons per year of the 26354.4 tonnes of fish imported so a percentage of less than 2% total imports (1.6%)
Through its mission aiming to provide an alternative employment opportunity for the relocated fishermen due to the operationalization of the new marine parks (protected areas) and offer a viable low cost nutritional solution to the local population by encouraging a reduction of imports into the fishery and aquaculture sector which would make it possible to combat hunger and undernutrition, the launching of the ROSE AQUAFERME project by our group responds in priority to the urgent need to overcome the hunger problem in Haiti and provide the population with a balanced source of nutrients in their diet.
To all this comes then the problem of fishermen and their families relocated and deprived of their only source of subsistence, that of the participation of fish imports (50% of the local consumption) to the budget deficit of the country, and that of the local consumption of fish which remains below the threshold of 11.7 kg on average per person per year recommended by the WHO (below 5kg).
Planned on 5 hectares of land located in Port-au-Prince, on the National Road # 1, in the town of Williamson, Rose is positioned on a strategic distribution axis with quick access to very large markets which most of them remain untouched by the competition: Port-au-Prince, Ti Tanyen, Montrouis, Cabaret, St. Marc, Gonaïves, Côte des Arcadins (tourist areas), etc.
To promote the integration of women, ROSE Aquafarm intends to employ within its team a quota of 70% female employees. ROSE will provide its employees with a free balanced meal every day and set up a free popular canteen program where balanced meals will be served at no cost to infants in the target area.
The projected capacity of the project at its onset will be an average of 70,000.00 fish per month at an average weight of 1 lb. which represents an average of 35 tons per month, thus 420 tons per year, which represents only 1.56% of the sector's imports. With an average maximum price of US $ 3 per pound, ROSE is positioned as the most competitive company on the local market as average industry prices are estimated at USD 3.4 the pound.
To be environmentally responsible, ROSE’s waste will be chemically treated with muriatic acid and redistributed on neighboring farms either as a food for pigs or as a fertilizer for soils.
Gradually, Rose plans to become more and more responsible for the environment. From the 5th year of operation, we intend to adopt clean energy sources and use in the framework of the ROSE operation mainly photovoltaic panels to supply us with electricity.
The impact of this initiative will be significant as it will directly and indirectly facilitate employment for many households across the country.