This document discusses the economics of fish hatcheries and grow-out facilities. Key factors to consider when constructing a hatchery include the layout, type of fish to breed, and water supply and quality. Hatcheries produce juvenile fish to support aquaculture by transferring them to grow-out systems on farms. Grow-out facilities allow hatchery fish to reach harvest size. Hatcheries can help ensure consistent fish supply, support genetic improvement, and provide healthy, uniform fish seeds for farming when sited properly and run effectively.