annotated bibliography of fisheries economics literature - Office of ...

Labisky, Ronald F., Douglas R. Gregory, Jr., and Joseph A. Conti (1980).
"Florida's Spiny Lobster Fishery: An Historical Perspective."
Fisheries, 5(4):28-37.
The Florida based fishery accounts for 98 percent of the spiny lobster
landed commercially in the United States; this catch is comprised almost
exclusively of the Florida spiny lobster, Panulirus argus. The commercial
lobster industry began in the lower Florida Keys during the early 1800's
principally as a bait fishery that supported the local finfish industry.
Subsequent developments in the lobster fishery have essentially mirrored the
prosperity of Key West. In 1908, landings totaled about 53,000 pounds that
were valued at $3,600. The fishery began to exhibit progressive expansion in
the 1940's, a trend that continued through the 1970's. A sport (diver)
fishery for lobsters that began in the 1950's has also gained prominence.
Commercial landings in Florida, including catches from international waters,
peaked in 1972 at 11.4 million pounds. The peak in ex-vessel landings value,
$13.4 million, was attained in 1974. The strong international fishery that
developed during the 1960's was severely curtailed in 1975 by the closure of
Bahamian fishing grounds to foreign fishing. Domestic catches from Florida
waters declined slightly during the 1970's, despite a substantial increase in
fishing effort. Retrospectively, the spiny lobster has not only strongly
impacted the culture, sociology, and economics of south Florida, but has also
emerged to rank second only to shrimp as Florida's leading fishing industry.
Lacewell, Ronald D., Wade L. Griffin, James E. Smith, Wayne A. Hayenga
(1974). "Estimated Costs and Returns for Gulf of Mexico Shrimp
Vessels: 1971." Departmental Technical Report No. 74-1, The Texas
Agricultural Experiment Station, Texas A&M University, College
Station, Texas, January, 36 pp.
This study is an analysis of expected vessel costs, returns, and
economic implications of alternative shrimp price situations. Costs and
return estimates were based on 1971 data taken from 29 vessels separated into
two classifications: (1) 53 to 65 foot and (2) 66 to 72 foot. Annual landings
of shrimp were 41,551 and 56,933 heads-off pounds for small and large vessels,
respectively. Total annual variable cost was $30,031 for small vessels and
$51,632 for large vessels. Based on an expected 20 year life and 1971 vessel
costs, annual fixed cost was $8,144 and $10,421 for small and large vessels,
respectively. Gross revenue was $46,800 for smaller vessels based on a price
of $1.13 per pound and $69,869 for large vessels based on a price of $1.23 per
pound. The resulting net per vessel was $8,625 and $7,816 for small and large
vessels, respectively. The investment analysis indicated that the internal
rate of return for a small vessel was 24 percent without external financing
and 50 percent with normal financing arrangements of an 80 percent loan at 8
percent interest for 6 years. This compares to an internal rate of return for
large vessels of 7 percent without financing and 32 percent with the financing
arrangement described above.
Lackey, Robert T. and Wayne A. Hubert (1976). Analysis of Exploited
Fish Populations, VPI-SG-76-04, Sea Grant, Extension Division,
Virginia Polytechnic Institute and State University, Blacksburg,
Virginia.
The purpose of this text is to provide students and practicing fisheries
scientists with a basic understanding of the analysis of exploited fish
populations. Methods for evaluating the state of a population and techniques
that lead to management options and decisions are presented. Population
dynamics is approached from a broad, principle oriented direction.
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