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Economic Impacts of the Opening of the Bonnet Carre Spillway to the Mississippi Oyster Fishery

Benedict C. Posadas and Benedict Kit A. Posadas
Authors registered in the RePEc Author Service: Benedict Posadas ()

Journal of Food Distribution Research, 2017, vol. 48, issue 1

Abstract: The negative economic impacts of the prolonged Bonne Carre Spillway opening in 2011 were evaluated using two methods: (i) preliminary and updated assessments method and (ii) economic recovery modeling method. The cumulative foregone landing values of commercial oyster harvesting ranged from $21.8 million to $46.0 million, depending on the method used. The negative output impacts reached $9.6 million in 2011, $19.6 million in 2012, $19.9 million in 2013, and $8.9 million in 2014. Mississippi lost 145–324 jobs per year during the period. Labor income lost ranged from $1.8 million to $8 million per year.

Keywords: Agricultural Finance; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2017
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