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Farmed shellfish creates half of economic impact of shellfish in North Carolina

June 10, 2021 — Cultivated, or farmed, shellfish now represent over half of the total economic impact of shellfish in the state.

New research has found that North Carolina’s shellfish industry provides over $27 million in economic impact and 532 jobs in the state. Until 2016, the industry’s economic impact primarily came from the harvest of wild oysters and clams.

In 2019, farmed oysters contributed over $14 million to state gross domestic product and 271 jobs, according to research published by Eric Edwards of NC State University’s Department of Agricultural and Resource Economics.

The findings stem from a collaborative project led by North Carolina Sea Grant in partnership with researchers at NC State University, Appalachian State University, Duke University and the University of North Carolina Wilmington and funded by the N.C. Commercial Fishing Resource Fund Grant Program.

“The goal of the research was to better understand the economic impact of North Carolina’s seafood industry,” says Jane Harrison, North Carolina Sea Grant’s coastal economics specialist and a project lead. “The shellfish results indicate the strength of the growing aquaculture sector.”

Read the full story at The Coastland Times

New Research to Examine Economic Impacts of North Carolina Commercial Fisheries

October 25, 2019 — Imagine a vessel gliding through coastal waters, heading for Wanchese in Dare County. Upon arrival, the captain, mate and team at the fish house hustle to unload the day’s catch: baskets of blue crab.

North Carolina’s most harvested commercial species by pound, the blue crab will be sold in nearby seafood markets or trucked to farm-to-table restaurants in Raleigh or Charlotte. Other days, depending on market demands, it may be packed on ice, bound for New York, Boston or Washington, DC.

North Carolina’s commercial fishing industry is a complex economic puzzle with many pieces. In 2017, $97 million of wild-caught fish and shellfish were landed, over $16 million to Wanchese alone.

“These fisheries support local communities by providing important sources of employment, business income and food,” explains Jane Harrison, North Carolina Sea Grant’s coastal economist.

Harrison is leading a new research project to consider commercial fisheries’ impacts on state and local economies. The one-year study, which includes partners at three universities, is funded by the N.C. Commercial Fishing Resource Fund. The fund is jointly overseen by the Marine Fisheries Commission’s Commercial Resource Fund Committee and the Funding Committee for the N.C. Commercial Fishing Resource Fund.

Read the full story at The Island Free Press

ASMFC Releases Atlantic Menhaden Socioeconomic Report

June 28, 2017 — The following was released by the Atlantic States Marine Fisheries Commission:

The Atlantic States Marine Fisheries Commission releases the report, “Socioeconomic Analysis of the Atlantic Menhaden Commercial Bait and Reduction Fishery,” which characterizes coastwide commercial menhaden fisheries, including bait and reduction sectors and the fishing communities they support. The report’s findings will be used to inform the Commission’s Atlantic Menhaden Management Board as it considers potential management changes to menhaden commercial bait and reduction fisheries through Draft Amendment 3. Additionally, information from the report will be incorporated into the socioeconomic section of Draft Amendment 3, which is scheduled to be released for public comment in August.

In March 2016, the Commission awarded a grant to the research team of Dr. John Whitehead of Appalachian State University and Dr. Jane Harrison from North Carolina Sea Grant to conduct a socioeconomic study of Atlantic menhaden commercial fisheries. Over the past year, the team has collected and analyzed data to describe the coastwide commercial fisheries. The team interviewed stakeholders and conducted industry surveys to characterize participation in the menhaden fishery, vessel and gear characteristics, as well as identify substitute products, subsidies, and other sources of employment. Interview and survey data also provided information on recent market changes, state-quota impacts, and fishing communities. In addition, a public opinion internet survey was conducted, involving over 2,000 respondents from Maine, Rhode Island, New York, New Jersey, Maryland, Virginia, North Carolina, and Florida. A secondary data analysis was conducted using Atlantic Coastal Cooperative Statistics Program data on pounds landed, ex-vessel revenues, and trips. An economic impact analysis was also performed to evaluate the effects of varying levels of quota on both the bait and reduction sectors.

Some of the report’s primary findings include:

  • Interviews and surveys of commercial fishermen and other industry members found many agreed demand for menhaden bait, oil, and meal had increased in recent years.
  • The public survey used hypothetical quota variations, with associated changes in fisheries revenue, jobs, and ecosystem services. Survey results indicated a willingness to trade-off some amounts of fisheries revenue in exchange for improvements in ecosystem services; however, willingness was influenced by the respondents’ attitudes and characteristics (i.e. perceptions about the importance of menhaden as bait for recreational/commercial fishing, as a contributor to their state’s economy, as a source of food for predators, etc.)
  • Analysis of historic landings data found prices for menhaden were negatively related to landings levels, but the relationship was small and insignificant in some instances. This suggests quota reductions might reduce commercial fishery revenues, as decreases in landings are not fully compensated by higher prices.
  • Analysis of the economic impacts of quota changes indicated increases and decreases in total allowable catch corresponded to income and employment increases and decreases, and these effects were concentrated in New Jersey and Virginia.

 The full report can be found on the Commission’s website at http://www.asmfc.org/files/Atlantic%20Menhaden/ASMFC_MenhadenSocioeconomicReport_June2017.pdf. For more information, please contact Shanna Madsen, Fisheries Science Coordinator, at smadsen@asmfc.orgor 703.842.0740.

ME, NJ, and VA Atlantic Menhaden Harvester and Dealer Survey Participants Sought for Socioeconomic Study

September 2, 2016 — The following was released by the Atlantic States Marine Fisheries Commission:

Arlington, Va. — The Atlantic States Marine Fisheries Commission awarded funding to a research team headed by Dr. John Whitehead of Appalachian State University and Dr. Jane Harrison from North Carolina Sea Grant to conduct a socioeconomic study of Atlantic menhaden commercial fisheries. The study is intended to characterize the coastwide commercial fisheries, including bait and reduction sectors and the fishing communities they support.

The principal investigators have sent survey announcements to fishermen and bait dealers in Maine, New Jersey, and Virginia. Virginia fishery participants will receive postcards announcing the surveys while Maine and New Jersey participants will receive an email announcement. Reminders will be sent throughout August and early September. Participation in this survey is highly encouraged, as the data from this study will be used in the development of Draft Amendment 3 to the Atlantic Menhaden Fishery Management Plan in 2017 and subsequent management decisions. The deadline for responding to this survey is September 15.

The full proposal can be found here. For more information, please contact Dr. Jane Harrison, North Carolina Sea Grant, at jane_harrison@ncsu.edu or 919.513.0122.

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