SALTONSTALL KENNEDY GRANT PROGRAM
Economic Valuation of Marine Recreational....
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GRANT NUMBER:  NA37FD0104           NMFS NUMBER: 92-NER-025

REPORT TITLE:  Economic Valuation of Marine Recreational Fishing for Large Pelagic Species

AUTHOR:  Kaoru, Yoshi and Hoagland, Porter

PUBLISH DATE: November 9, 1995

AVAILABLE FROM:  National Marine Fisheries Service, Northeast Region, One Blackburn Drive, Gloucester, MA 01930-2298.  PHONE: (978) 281-9267

ABSTRACT

This project was undertaken to fill the information gap between the commercial fishing benefits and recreational fishing benefits for deciding management actions over large pelagic species.  Given the lack of existing information about economic benefits of recreational fishing for large pelagic species, this project provided an important source of information toward better utilization of the marine fishery resources. On average, an angler took 11.4 trips, kept 20.7 fish and released 20.3 fish in 1993. The average travel expenditure was $596 per trip, and an angler spent $6,597 for boat and fishing equipment, maintenance, permit, insurance, and registration in 1993.  On average, 13.4 percent of anglers sold their catch, receiving $515.  Economic benefits accruing to anglers were found to be very large.  Furthermore, their preference and willingness to pay to catch one fish vary substantially over different target species.  Management decisions should be made with the understanding of their impacts on the recreational fishing sector.

 
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