Measuring economic contributions of the marine recreational charter fishing sector using a resampling approach
- by Daniel K. Lew and Chang K. Seung
Resource Ecology and Fisheries Management Division, Alaska Fisheries Science Center, National Oceanic and Atmospheric Administration, National Marine Fisheries Service, 7600 Sand Point Way NE, Seattle, WA 98115, USA
LAST MONTH we linked to an article by journalist Craig Medred who investigated the value of Alaska's recreational charter fishing fleet.
As Medred reported, NOAA Fisheries sent out a press release describing their work on showcasing the economic contribution of sportfishing.
NOAA outlined the dollar value of the charter industry in Alaska but few details were provided.
Now we have received the advance copy the underlying economic study conducted by Dan Lew and Chang Seung. It's a technical paper and dense reading. They've put together a time series of economic data over the years when we've gone through some severe restrictions in the guided halibut fishery.
Now it should be possible to tease out the economic effects of regulatory changes over the past few years.
Due to copyright issues we can't share the full report at this time. Some highlights from the report:
- The authors developed a way to look at the value of the charter fleet over a period of several years, showing how restrictions to the sector have resulted in declines in revenue to the state of Alaska.
- The study develops a new method to predict more accurately the economic impact of specific regulatory changes, as we manage future seasons.
- Total charter fishing industry output declined from 2011, when the Halibut Catch Sharing Plan was implemented, to 2012 by more than 100 million dollars.
- Total output in for Alaska's charter fleet 2011 was $248 million, and climbed back up in more recent years to $166 million in 2015.
- Not in the report, but included here for comparison, in 2013 the commercial directed halibut fishery landed five times the amount of halibut with an ex-vessel value of $115 million. Of course there are other revenues associated with these commercial landings - but even so: is the state of Alaska receiving full value for these fish by restricting access to halibut for guided anglers?