Proj595 Course Project Part 1

Topics: Cost, Costs, Price Pages: 8 (2511 words) Published: August 25, 2013
Building an Auqaponic Farm:
Construction & Operation

PROJ592 – Project Cost & Schedule Control
Course Project - Part 1

Executive Summary
With a minimal initial investment of $100,000 and a single acre of level ground, a self-sustaining aquaponics based growing operation can be established and become profitably within 6 months. Through continuous year round vegetable and fish production, this operation can conservatively generate $250,000 in annual revenue starting in the very first year. While the initial investment in materials and equipment is steep, the output of this system rapidly accelerates to full potential and costs very little to maintain on an annual basis. The versatility of this system allows for the simultaneous production of a variety of sought after vegetables at reasonable cost and can reproduced in nearly any area of the United States. Project Description

This project is designed to develop a reproducible and self-sustaining aquaponics system based on $100,000 initial investor input. A functioning model will be created to prove the viability of a self contained and symbiotic relationship that combines hydroponic vegetable production with aquaculture production. Hydroponics is the farming of vegetables using only water and loose fill media instead of soil. Aquaculture is the farming of fish in a controlled and sustainable environment. Putting these two systems together provides a source of nutrient rich water for growing plants and a natural filtration system, rich with oxygen, for growing fish. The combined system will be operated and monitored over a five year period to determine the total cost of production for a variety of leafy green vegetables as well as the price per pound of fish created over the same time period. The greatest price factor of getting food to local markets is the fuel cost from the production location, through one or more levels of storage and packaging and lastly the trip to each point of sale. The system we propose to build would remove the fuel and transportation costs of a variety of vegetables that could easily be grown local to the market in which they are ultimately sold. Each certified organic aquaponics production facility could support the growth of several varieties of vegetables on a year round basis. This would allow local markets and restaurants the opportunity to provide locally grown organic produce and fish at reduced prices. Creating a system that is both self-sustaining and profitable is the key in the development of a solution that can be marketed. After the initial startup of a location, minimal financial input must be maintained while keeping the operational costs as low as possible to create a viable business model. This project will document the expenses over the course of the initial five year operational period to determine the output potential of an installed system. The output potential will be combined with sales and market factors to determine the business viability of the project. Work Breakdown Structure

1. Build Aquaponics Farm
2.1. Site Development
2.2.1. Clear location
2.2.2. Utilities to site
2.2.3. Design install and test septic system
2.2. Purchase Equipment & Services
2.3.4. Site excavation and leveling services
2.3.5. Buy 6 green house kits, delivery & install service 2.3.6. Buy insulated metal building, delivery and install service 2.3.7. Buy fish tanks
2.3.8. Buy all plumbing, pumps and valves
2.3.9. Buy mechanical and bio filtration systems
2.3.10. Buy lumber and rubber to create hydro troughs 2.3.11. Buy Styrofoam sheets
2.3.12. Buy seed cups and grow media
2.3.13. Buy starter fish and fish food
2.3.14. Buy bulk seeds
2.3. Building Construction
2.4.15. Pour 65 ft square concrete slab
2.4.16. Pour 6 concrete slabs for the 25ft x 75ft...
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