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Message

re: Crawfish Price sets Record High

Posted on 1/9/24 at 1:08 am to
Posted by SWLA92
SWLA
Member since Feb 2015
3691 posts
Posted on 1/9/24 at 1:08 am to
It’s not weird at all. A lot of bait shops also sell seafood it’s very common in south Louisiana
Posted by fr33manator
Baton Rouge
Member since Oct 2010
130114 posts
Posted on 1/9/24 at 1:09 am to
Well, looks like I won't be having many this year
Posted by Gee Grenouille
Bogalusa
Member since Jul 2018
6738 posts
Posted on 1/9/24 at 1:16 am to
I never miss a chance to rail on coonasses, and I’m sure there’s a few that are gonna rip someone off if they can. But last years drought was unprecedented.
Posted by Classy Doge
Member since Nov 2021
4049 posts
Posted on 1/9/24 at 1:22 am to
People who take out their angst out on crawfish farmers because they perceive that the crawfish they buy are too expensive should look closely at those they buy their crawfish from. The middle men and retailers mark up every pound that goes through their hands and make the same profit whether crawfish is selling at $1/lb or $5/lb. Farmers do not have that luxury and have far more expenses to cut into profit than any other part of the supply chain.

Anybody who has a lick of sense can look at SWLA92's numbers as an example and see that this year will be a trying season and may bring some crawfish operations into the red.

Let's break down his numbers so people understand.

Last season:
20,000 lbs (average) x $3.00=$60,000 (it was much more than this because price started dropping from $5.00 last season just before Christmas and overall/early catch poundage was higher than average.)

This season:
3,000 lbs x $8.00=$24,000 (it's much less than this amount because price slowly rose and only as of this week got to $8.00/lb.)

$60k-$24k=$36k less revenue this season so far.

Even though those numbers are both off a good bit in opposite directions, it still represents a 60% decrease in revenue for SWLA92's operation year over year at this point in the season. It's probably more like a 70-75% decrease if we get the true price averages calculated into the equations. Moreso we are not even taking into consideration the record amount of expenses pumping to flood up with inflated fuel and electricity costs due to the historically dry conditions. And even more profit reductions if you factor rising bait prices, labor costs, equipment repair and other necessary expenses that no consumers ever care to consider.

But yes, by all means frick the greedy crawfish farmers. They who provide the vast majority of the annual harvest and provide a commodity that actually keeps the price lower than if only wild caught crawfish were available on the market. I don't know how people cannot grasp the concepts of simple economics and understand that they would not be able to afford crawfish or even have much to eat if not for the aquaculture industry in this state.
This post was edited on 1/9/24 at 1:45 am
Posted by SWLA92
SWLA
Member since Feb 2015
3691 posts
Posted on 1/9/24 at 1:27 am to
Spot on analysis, what you just explained is the reason I’m up at 1:25am, a lot of restless nights for alot of farmers the next few months wondering how we going to make this all work out haha.
Posted by Classy Doge
Member since Nov 2021
4049 posts
Posted on 1/9/24 at 1:28 am to
quote:

Your bait supplier also buys your crawfish from you? Sounds kinda weird I guess

Not weird at all. Many buyers in my area sell bait as a way to increase their cashflow and profit margins.

They already have big refrigeration units to keep live crawfish and freezers for bait. They operate like crawfish middle men and buy bait at a price, mark it up and sell it to their fishermen at a mark up. They make just as good of margin selling bait as they do crawfish at the farmer's expense. But unless you're in the industry and have to pay bait costs to operate, nobody gives a shite about it.
This post was edited on 1/9/24 at 1:28 am
Posted by Classy Doge
Member since Nov 2021
4049 posts
Posted on 1/9/24 at 1:34 am to
quote:

Spot on analysis, what you just explained is the reason I’m up at 1:25am, a lot of restless nights for alot of farmers the next few months wondering how we going to make this all work out haha.

Same here. I haven't even set out my cages yet. The numbers just don't work right now to justify it for my small operation.

Otherwise I'd have been in bed a long time ago to wake up at 3 am and get ready to raise traps lol.
This post was edited on 1/9/24 at 1:35 am
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
9829 posts
Posted on 1/9/24 at 1:36 am to
quote:

Gonna be a fried shrimp kind of Lent then. frick those crawfish farmers.


Shrimp is dirt cheap.

I found a local store selling the Wild Caught Gulf shrimp for 2.50 a bag for 150 and up.

I know small shrimp, but it good for a gumbo or spaghetti.
Posted by Classy Doge
Member since Nov 2021
4049 posts
Posted on 1/9/24 at 1:53 am to
quote:

Shrimp is dirt cheap.

I found a local store selling the Wild Caught Gulf shrimp for 2.50 a bag

Yeah and that's after at least a couple of markups since it all left the boats.

Just think about what the shrimpers got paid. Between the cutthroat prices and market flooded with even cheaper imported shrimp, they are struggling as an industry as well.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
9829 posts
Posted on 1/9/24 at 2:19 am to
I know it’s bad.

As much as I am from Cajun country, I hated to peel shrimp at least these are peeled.
This post was edited on 1/9/24 at 2:21 am
Posted by TheSadvocate
North Shore
Member since Aug 2020
4503 posts
Posted on 1/9/24 at 5:30 am to
Posted by thejudge
Westlake, LA
Member since Sep 2009
14734 posts
Posted on 1/9/24 at 5:47 am to
We have a family friend with a decent size crawfish setup.

With no water his ditches had salt water in them. He had to revive a 100 year old well setup to be able to pump something.

I believe he said he lost half of what he can conceivably pull out of for this season.

Pretty stressed out about it. Been farming his whole life in some way or another.
Posted by sledgehammer
SWLA
Member since Oct 2020
5482 posts
Posted on 1/9/24 at 5:49 am to
I was talking to a farmer in Oberlin and he said the government is now making them pay their Mexican help $14.50 an hour. This is an increase from last year. After crawfish season, the Mexicans go back to Mexico as rich as Escobar.
Posted by Geaux1
BR
Member since Oct 2008
1806 posts
Posted on 1/9/24 at 6:04 am to
quote:

Well, looks like I won't be having many this year


Same here. But I can tell you who will not miss a beat eating….
Those paying with food stamps!
A few years back I had a group of employees around Thanksgiving talking about going pick up crawfish. I’m thinking to myself, I know what I pay you, how in the hell are y’all getting crawfish. Finally I ask and all in unison they respond, FOOD STAMPS.

Yes I’m jealous. Just like this year when price is high I do without. Well those with a government card needed to help them meet essential household needs don’t shy away from buying anything with free money. ??
Posted by Classy Doge
Member since Nov 2021
4049 posts
Posted on 1/9/24 at 6:38 am to
quote:

they respond, FOOD STAMPS.

EBT stackkked.

Taxpayers frickkked.
This post was edited on 1/9/24 at 6:40 am
Posted by jizzle6609
Houston
Member since Jul 2009
14427 posts
Posted on 1/9/24 at 6:57 am to
quote:

ZIGG


Bravo.

Perfect summation
Posted by Classy Doge
Member since Nov 2021
4049 posts
Posted on 1/9/24 at 7:12 am to
quote:

Perfect summation


quote:

News flash crawfish is a very weather dependent commodity. We can’t make crawfish plentiful if they don’t survive the weather. Just educate y'all selves before spewing non facts
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 1/9/24 at 7:16 am to
quote:

A few years back I had a group of employees around Thanksgiving talking about going pick up crawfish. I’m thinking to myself, I know what I pay you, how in the hell are y’all getting crawfish. Finally I ask and all in unison they respond, FOOD STAMPS.


Hold up. Read that again... what exactly are you admitting here? The EBT, or wages?
Posted by SWLA92
SWLA
Member since Feb 2015
3691 posts
Posted on 1/9/24 at 7:19 am to
Sadly he’s right about food stamps. In a normal year when crawfish are plentiful sales decrease towards the end of the year and pick up at the beginning of the month. The only logic behind that is peoples food stamps for the month run low.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 1/9/24 at 7:23 am to
I mean, ok. But it can't be both ways. The whole living wage argument vs public assistance. If you're an employer paying below the minimum, you're essentially part of the problem. Right?
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