Republic of the Philippines

Province of Surigao del Sur

MUNICIPALITY OF MARIHATAG
Barangay Amontay

PROJECT PROPOSAL

I. INFORMATION

Project Title BANGUS PRODUCTION IN CAGES

Total Project Cost
Fund Source
Project Location
Nos. of beneficiaries
P 4,565,068
DOLE
Brgy. Amontay, Marihatag Surigao del Sur
BRgy. Amontay Nagkahiusang Mananagat
Alang sa Kalambuan (BANAK) Organization

II. RATIONALE

The Concept of cage culture project addresses the pressing issues on

clinging productivity and resource depletion from capture fisheries leading to
reduction of fish catch of fisher folks and persistent poverty among the coastal
communities. The fish cage proposed project is expected to produce good
quality bangus as compared to fish grown in ponds. This is mainly due to good
water quality and circulation generated from tidal currents which allowed for high
stocking density of bangus per unit space without affecting its growth and survival
rates. Moreover, the culture of fish in cages had lower investment cost as
compared to fishponds, although it requires high operating capital to support
total dependence on feeds. The culture of bangus in marine cages is highly
feasible as livelihood project for local fisherfolks organization. However, its
adaptability is dependent on marketability of bangus fry or fingerlings and
commercial feeds in the locality.

The proposed project is 20 cages with a 5m x 5m x 5m dimension, to be

located in barangay Amontay. The project will enable the BANAK members
increase their income and through the intervention of specified government
agencies that promote the welfare of individual well beings.

III. GOALS & OBJECTIVES

1. To augment the income of BANAK members and improve their quality of life;
2. To capacitate the organization through technical, vocational and
administrative trainings for them to become effective in the operation of the
business;
3. To develop the sense of ownership to the project that they advocate; and
4. To build camaraderie among the members and strengthen the people’s
organization.
5. Provide continuous fish production in the area through backyard mariculture
operations which will help boost the poor fisherfolks’ income.
6. Expects to bring in sufficient income, increase the volume of sales, capital
build-up for sustainability and stability of the whole province’s aquamarine
industry while institutionalizing the coastal and marine biodiversity
conservation and management in the area.

IV. DESCRIPTION OF THE PROJECT

Bangus production in cages aims to develop the fish farmer’s knowledge

and skills on Bangus culture in cage. The proposed project is to engage in Fish
Culture in Cages of cultivable species fish like bangus in a twenty (20) unit fish
cages. The equivalent production level of fish per 5mx5mx5m of fish cage is
expected to have an average harvest of two (2) tons per cropping per unit. The
management of Bangus fish cage training will serve as viable mechanisms for the
production and marketing quality of Bangus in municipality of Marihatag Surigao
del Sur. This will ensure additional income for the rural fish farmers in the area.
The direct beneficiaries of the said project are selected households of
coastal towns who are members of BANAK Organization, a bonafide peoples’
organization, duly registered with DOLE . The households have an average of
five members and has no stable means of livelihood. The marketing and sale of
harvested bangus shall be solely borne by the household beneficiaries and all
income earned shall be retained by them.

Furthermore, Fish Culture in Cages projects would eventually contribute

sufficient fish supply to the local market. Milkfish is a good source of protein and
food and its cultivation will augment household income. Supplementary
income-generating business venture includes fish preservation and processing,
product development and packaging, trading and marketing. Eventually, this
can provide sufficient source of income and help improve the quality of lives
among fisherfolk in the area.

The Construction will be bayanihan system wherein the project recipient will
be the one to construct their own cages in order for them acquire sense of
ownership that is very essential in the success of every organization. However, the
laborers will be paid a sum as a counterpart for their hardwork.

The production inputs will be provided by BFAR while the bureau of fisheries
and aquatic resources will lend its technical assistance throughout the
implementation from the training up to the whole operation process.
 BANAK Bangus Fish Cage Design

5mx5mx5m 5mx5mx5m

5mx5mx5m 5mx5mx5m

V. PROJECT MANAGEMENT

The project shall be ran by the association, A set of officers will be elected
and each officer must handle a certain committee that will focus on a specific
task and duties. The committee includes maintenance, feeding and marketing
and distribution of products. The recipient of the project shall perform their duties
and responsibilities on a rotation basis and the fisher folks shall formulate other
necessary mechanism to address any arising problem.

The project supervision and monitoring committee will be requested to

conduct inspection and evaluation on the project implementation on periodic
basis in order to give feedbacks for any improvements. A monitoring plan will be
developed and will be strictly implemented in order to gauge the condition of
the project, whether it needs to modify processes, reorganize structures, improve
schemes, or redefine goals. Monitoring will be done monthly or as often as
possible in order to immediately respond to the needs of the project. A technical
service provider from DA will also be part of the team to ensure that proper
management is observed.

VI. PROJECT BENEFICIARY

The intended beneficiary of the mudcrab project is Brgy. Amontay

Bagkahiusang Manangat ALang sa Kalamboan (BANAK) Organization, a
fisherfolk association registered with DOLE on December 12, 2010, with registration
number ROXIII-SDS-2010-11-WA-095. Currently, the association includes 23
households, all of which are residents of Brgy. Amontay, Marihatag, Surigao del
Sur. Each household will be awarded with 1 unit (5mx5mx5m) fish cage.

The beneficiary household will be directly in charge for the management,

supervision, care and maintenance of the fish cage assigned to them. The
household members are also directly responsible for the fish feeding and such
other works related to harvest and maintenance. The income derived from
harvest shall be equally divided by 23 households.

BANAK Officers
Name Designation
Arlinda Q. Cacho President
Prudencio S. Campos Vice-President
Michelle B. Cacho Secretary
Josefa C. Salinas Auditor
Jocelyn P. Sabatin Treasurer
Ronald Q. Cacho PIO
Jonathan A. Rivera Sgt. At arms
Rosario S. Jaminez Sgt. At arms

VII. BUDGETARY REQUIREMENTS

Project Details/Assumptions

o Number of Cages - 20 Units

o Cage Dimension - 5m x 5m x 5m
o Culture Period - 120 days (4 months)
o Fingerling Size - 5-6 inches
o Average Body Weight @ Harvest - 350 grams
o Stocking density per 5mx5mx5m cage - 5,000 pcs
o Survival rate - 98%
o Frequency of Production Cycle - 3 times per year
o Estimated Volume of Harvest per Cropping - 34,300 kilos
o Farm Gate Price/kl - P 120.00
o Feeding scheme - 3 times/ day
o Change of Fish Nutrition & Feeding System - As necessary
 Particulars Quantity/Unit Unit Total
Cost (for 20
units
fish
cage)
A. Capital Outlay
1x10x16 (yakal)- 480 bd.ft.(36pcs per 1unit 37 P 88,800
fish cage)
2x4x15 (yakal) – 384 bd.ft.(36pcs per 1unit 37 71,040
fish cage)
2x2x16(yakal) – 106.7 bd.ft. (20 pcs. per 37 19,795
1unit fish cage)
2x2x16(yakal)- 37 bd.ft (10 pcs. per 37 6,845
1unit fish cage)
Volt with knot 5 inch 1,200 pcs 13 15,600
stainless (5inxcm)
Plastic drum 200 210 pcs. 1,200 252,000
liter
PE net double 20 bundles 1,200 24,000
CC net 1000meters 100 100,000
PE rope 24mm 10 rolls 10,00 100,000
0
PE rope 1mm 100 rolls 100 10,000
PE rope 8mm 20 rolls 1,500 30,000
Mono nylon 150 lbs. 100 kls. 400 40,000
Mooring blocks 30 units 1,500 45,000
2x3x16 (lawaan) 40 bd.ft (5 pcs per unit) 25 5,000
2x2x16 (lawaan) 53.5 bd.ft. (10pcs per 25 6,688
unit)
Nipa 300 pcs. 10 3,000
Total Cost of P 817,768
Materials
B. Labor
 Cage Construction 500/day P
(20 laborers for 100,000
10 days)
C. Production Cost (per
production cycle)
1. Milkfish 100,000 pcs. 8 800,000
Fingerlings
(5-6 inches 200 bags 759 151,800
garungan) 300 bags 705 211,500
2. Starter Crumble 2,000 bags 830 1,660,00
3. Starter Pellets 1,000 bags 824 0
4. Grower Pellets 824,000
(Extruded)
5. Finisher
Total Production Cost
3,647,30
0
Total Project Cost
P 4,565,068

VIII. ECONOMIC ANALYSIS

Depreciation Cost

Item Life Total Annual Depreciation Cost

Description Span Cost (P) Depreciation Per Cropping (3
(Yr.) Cost (P) croppings)

materials 5 817,768 163,554 P 54,518

 Net Income per Cropping

Gross Sales
100,000 pcs. x 98% x 350g/1000= 34,300 P 4,116,000
kls@P120/kl
Less: Production Cost 3,647,300
Gross Income 468,700
Less: Depreciation Cost 54,518
Net Profit per cropping P 414,182
Net Income per Household (23 P 18,008
households)

IX. RECOMMENDATION

It is important that the aforementioned activity be conducted to achieved

livelihood development and enhancement of knowledge, skills and abilities of the
beneficiaries. Therefore, recommending for the approval of this activity proposal
in the amount of four million five hundred sixty five thousand and sixty-eight pesos
only (Php. 4,565,068.00)

Prepared by: Reviewed by:

JOCELYN SABATIN ARLINDA O. CACHO

BANAK Treasurer BANAK President
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