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Economic Impact Assessment of the 2006 Fisheries Management Regime on the North Sea and West of Scotland Whitefish Trawl Segment

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Abstract
  • The financial success of the Scottish whitefish fleet is directly affected by the outcome of the December 2005 EU fisheries council where the fisheries management measures are decided. To assist government, vessel owners and industry bodies at the December council negotiations, the Seafish economics team has developed a cost and earnings model over a number of years to provide forecasts of fleet profitability. The Seafish forecasting model is updated through the year to take into consideration changes to the fishery management measures. The model uses the latest landings data from the UK Fishery Departments to estimate volume and value of landings along with the days at sea for all active vessels in the segment. Forecast average earnings are calculated per vessel using the predicted volume caught of each species. This is based on UK quota, % UK uptake and each vessel’s actual catch in the previous year. The predicted price for each species is assumed to be the same as actual prices received by the vessel in the previous year. The model also considers other factors affecting profitability. Originally developed to produce profit forecasts for given levels of total allowable catch (TAC), the model has, over time, been adapted to incorporate changes in other parameters that affect profits. These include fuel price, fish prices and other management measures. This paper outlines the development of the model and the economic viability of the Scottish whitefish fleet in 2006.
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  • Anton, Susan, and Hazel Curtis. 2006. Economic Impact Assessment of the 2006 Fisheries Management Regime on the North Sea and West of Scotland Whitefish Trawl Segment. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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