COASTAL ALABAMA RECREATIONAL LIVE BAIT STUDY

R.K. Wallace, Terrill R. Hanson and L. Upton Hatch

No 15807, Staff Reports from Mississippi State University, Department of Agricultural Economics

Abstract: Recreational fishing is major industry and reasonably priced, high quality bait plays an important role in sustaining recreational fishing's popularity. This study provides a summary of Alabama's coastal live bait market including information on previous live bait studies and results of two surveys on the live bait shrimp, bull minnow and other bait markets. Results indicated there were periods of supply shortages, dealer willingness to pay more for shrimp that live longer and a dealers' use of multiple supply sources. Lost income was reported from not having live bait shrimp available for sale at peak demand periods. The economics of shrimp mariculture needs to be examined to determine its feasibility in augmenting the current supply of shrimp to the live bait industry.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 43
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:misssr:15807

DOI: 10.22004/ag.econ.15807

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