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The Economics of Atlantic Highly Migratory Species For-Hire Fishing Trips

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Abstract
  • The for-hire sector plays a significant role in providing recreational fishing opportunities for Atlantic highly migratory species (HMS) such as tuna, billfish, swordfish, and sharks. Because of the high cost of equipment needed to pursue HMS, many saltwater anglers find chartering a for-hire vessel to be the only affordable alternative. In 2013, there were 3,968 licensed Atlantic HMS Charter/Headboat (CHB) permit holders from Maine to Texas that took an estimated 12,965 for-hire vessel trips in the Atlantic and Gulf of Mexico (not including Texas) to pursue HMS from July to December of 2013. During this time period, NOAA Fisheries conducted a log-book study of randomly selected Atlantic HMS Charter/Headboat (CHB) permit holders to collect trip cost and earnings data. Data were collected on 596 for-hire trips targeting Atlantic HMS. Approximately 68 percent of HMS for-hire trips targeted a combination of pelagic species (most commonly yellowfin tuna, swordfish, or marlin) while 32 percent targeted coastal sharks. Average charter fares for HMS charter boat (6 anglers or fewer) trips ranged from $1,223 in the Southeast (NC - FL) to $2,450 in the Northeast (ME - VA). Net returns per trip ranged from a low of $528 in the Southeast to a high of $1,028 in the Gulf of Mexico (FL -TX). Overall, HMS for-hire charter operations were estimated to generate approximately $21 million in total expenditures and $34 million in economic output along the Atlantic and Gulf of Mexico coasts.
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Citation
  • Hunt, Cliff and George Silva. 2015. The Economics of Atlantic Highly Migratory Species For-Hire Fishing Trips. In: Proceedings of the Eighth Biennial Forum of the North American Association of Fisheries Economists, May 20-22, 2015, Ketchikan, Alaska: Economic Sustainability, Fishing Communities and Working Waterfronts. Compiled by Ann L. Shriver and Melissa Errend. North American Association of Fisheries Economists, Corvallis, Oregon, USA, 2015.
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Conference Location
  • Ketchikan, Alaska, USA
Subject
Déclaration de droits
Funding Statement (additional comments about funding)
  • Alaska Sea Grant, North Pacific Fishery Management Council, North Pacific Research Board, Northern Economics, Pollock Conservation Cooperative Research Center, Rasmuson Foundation, University of Alaska Fairbanks, School of Fisheries and Ocean Sciences, University of Alaska Southeast, Ketchikan
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