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.
