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

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spring. This incidental (or discard) catch problem is analyzed to ascertain<br />

whether alternative shrimp management policies should be instituted that would<br />

reduce the extent <strong>of</strong> the discard problem. The basis for evaluating the<br />

policies was whether or not net income to the fishery increased. Because <strong>of</strong><br />

the lack <strong>of</strong> required data, the analysis was primarily a sensitivity analysis<br />

on the parameters involved. Results showed that the potential for increasing<br />

income to the fishery through reduced discard exists only at high discard<br />

rates. This is primarily due to high natural mortality and the low<br />

probability <strong>of</strong> catching those pink shrimp that are save from being discarded.<br />

Waters, James R., J.E. Easley, Jr., and Leon E. Danielson (1980).<br />

"Economic Trade-Offs and the North Carolina Shrimp Fishery."<br />

American Journal <strong>of</strong> Agricultural Economics, 62(1):124-129.<br />

The purpose <strong>of</strong> this study is to analyze the incidental catch (or<br />

discard) problem to ascertain whether discard abatement policies should be<br />

instituted during August and September to protect juvenile pink shrimp.<br />

Interest is focused on whether or not the range <strong>of</strong> observed discard rates is<br />

sufficiently large to warrant protection. Because <strong>of</strong> the lack <strong>of</strong> required<br />

data, the study is primarily a simulation analysis.<br />

Waters, James R., Raymond J. Rhodes, and Robert Wiggers (1997). Description<br />

<strong>of</strong> Economic Data Collected With a Random Sample <strong>of</strong> Commercial Reef Fish<br />

Boats in the Florida Keys. U.S. Department <strong>of</strong> Commerce, National<br />

Oceanic and Atmospheric Administration, National Marine Fisheries<br />

Service, 101 Piver's Island Road, Beaufort, NC 28516 and South Carolina<br />

Department <strong>of</strong> Natural Resources, Marine Resources Division, <strong>Office</strong> <strong>of</strong><br />

Fisheries Management, P.O. Box 12559, Charleston, SC, October, 117 pp.<br />

This survey provides basic economic information about the financial<br />

performance <strong>of</strong> boats in the commercial reef fish fishery in the Florida Keys.<br />

Respondents were characterized with regard to their dependence on the<br />

commercial reef fish fishery as a source <strong>of</strong> household income. Boats were<br />

described in terms <strong>of</strong> their physical and financial characteristics. Some<br />

boats fished in one kind <strong>of</strong> activity year-round whereas others rotated among<br />

several kinds <strong>of</strong> fishing trips according to seasonal availability <strong>of</strong> fish,<br />

seasonal variation in prices, fishery regulations and so forth. An important<br />

objective <strong>of</strong> the survey was to estimate average net operating revenues per<br />

boat per trip and per boat per year that were earned on the most important<br />

kinds <strong>of</strong> fishing trips taken by reef fish boats. Yellowtail snapper was the<br />

most commonly sought species by commercial reef fish boats in the Florida<br />

Keys. Spiny lobster was the second most frequently cited species as being<br />

most important in terms <strong>of</strong> annual revenues, and generated the highest net<br />

returns among the activities examined in this study. Black grouper and mutton<br />

snapper were commonly mentioned as the second, third, fourth or lower ranked<br />

species in terms <strong>of</strong> the generation <strong>of</strong> annual revenues, principally in the<br />

Upper and Lower Keys. Fishing for greater amberjack was the highest volume<br />

activity examined in this study. Overall financial performance was measured<br />

as the boat's gross revenues and net income before taxes for all fishing<br />

activities combined. Net incomes per boat averaged $11,129 based on revenues<br />

<strong>of</strong> $49,581 in the Upper Keys, $3,301 based on revenues <strong>of</strong> $13,714 in the<br />

Middle Keys, and $6,653 based on revenues <strong>of</strong> $28,027 in the Lower Keys. The<br />

estimated total revenues for the sampled population <strong>of</strong> reef fish boats in the<br />

Keys were $18.4 million, with aggregate net incomes <strong>of</strong> $4.3 million.<br />

Waters, James R., Raymond J. Rhodes, Wayne Waltz, and Robert Wiggers (1997).<br />

An Economic Survey <strong>of</strong> Commercial Reef Fish Boats Along the U.S. South<br />

Atlantic Coast. U.S. Department <strong>of</strong> Commerce, National Oceanic and<br />

Atmospheric Administration, National Marine Fisheries Service, 101<br />

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