U.S. Caribbean Fish Trap Fishery Costs and Earnings Study

U.S. Caribbean Fish Trap Fishery Costs and Earnings Study

Primary Country: Puerto Rico
Ecosystem: coral reef
Sample Value Estimates: $32,467 is the maximum annual profit (AFP) for a fish trapping vessel in Puerto Rico; $13,652 maximum AFP for St. Thomas and St. John; $15,781 maximum AFP for St. Croix; $8,711 maximum economic profit (EP) for Puerto Rico; ($7,920) maximum EP for St. Thomas and St. John; $10,674 maximum EP for St. Croix. The study determined the minimum and maximum annual fish trapping vessel financial profit for Puerto Rico, St. Thomas, St. John and St. Croix. In addtition, the study found the minimum and maximum annual financial profit for each of these islands.
Methodology: household survey
Data source: NOAA

Publication information

Agar, J.J. J.R. WatersM. Vald├ęs-PizziniT. MurrayJ. KirkleyD. Suman “U.S. Caribbean Fish Trap Fishery Costs and Earnings Study” NOAA Technical Memorandum NMFS-SEFSC- 534, 127 p., 2005

Addtional Notes

The study describes the socio-economic condition of the U.S. Caribbean fish trap fleet. The survey illustrated that higher revenues did not necessarily translate into higher net economic returns. the presence of positive financial profits and negative economic profits suggests that higher economic returns could be earned from a societal perspective by redirecting some of these scarce capital and human resources elsewhere in the economy.

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