Economic Study of San Pedro Wetfish Boats

William F. Perrin and Bruno G. Noetzel

No 233020, Working Papers from United States Bureau of Commercial Fisheries, Division of Economic Research

Abstract: Because the San Pedro wetfish fleet is shrinking and is not yielding good wages for fishermen or good returns to investors, it needs to improve its economic state. The fleet is antiquated,and one way it can improve itself is by constructing new, efficient vessels, both for replacement of vessels and for expansion of the fleet to harvest presently underexploited stocks of jack mackerel and anchovies in the California Current. The study reported here investigated the feasibility of this approach. It found that, at present rates of catch and prices of fish, the construction of new vessels is not economically feasible--even if the construction is subsidized. It also found, however, that expansion of the fleet through acquisition of surplus vessels from other fisheries is feasible, given sufficient demand for wetfish at present prices.

Keywords: Financial Economics; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 102
Date: 1969-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/233020/files/us-fisheries-interior-32.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uscfwp:233020

DOI: 10.22004/ag.econ.233020

Access Statistics for this paper

More papers in Working Papers from United States Bureau of Commercial Fisheries, Division of Economic Research
Bibliographic data for series maintained by AgEcon Search ().