Economic Analysis of Marine Recreational Fishing at NOAA Fisheries Office of Sabrina Lovell Science & Recreational Fisheries Economist Technology March 8, 2017 ― Presented at EAA Seminar: “Sustainable fisheries management and recreational sea fisheries - socio-economic value, data collection and data use in EU & US management .” EU Parliament, Brussels , Belgium. The opinions expressed in this presentation and on the following slides are solely those of the presenter and not necessarily those of NOAA Fisheries.
Outline Snapshot of recreational fishing across the U.S. Angler expenditure surveys Economic impacts of angler spending Study of bait and tackle businesses U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 2
Definition of Marine Recreational Fishing For economic analysis at NOAA Fisheries, marine recreational For fishing is defined as finfish fishing… (not shellfish) In open ocean For or a sport or pleasure saltwater (not subsistence) or brackish waterbody U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 3
4.2 M U.S. Marine Recreational Effort : 68.0 M Total 2005-2014 31.1 M Trips 32.7 M in 2014 50 Million Trips 40 For-Hire 30 Private Boat 20 Shore 10 0 Source: 2005 2008 2011 2014 FEUS 2014 U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 4
U.S. Marine Recreational Anglers : 2005-2014 10.5 M Anglers 14 Millions of Anglers in 2014 12 Coastal 10 Non- 8 coastal 6 4 2 0 Source: 2005 2008 2011 2014 FEUS 2014 U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 5
Catch of Key Recreational Species , 2014 33.8 M 24.5 M Drum (Atlantic croaker & spot) Drum (Seatrouts) 19.5 M 9.2 M Summer Flounder Striped Bass Source: FEUS 2014 U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 6
Marine Angler Expenditure Surveys Survey Methods How are the data used? • Target Population • Provide estimates of… Anglers who fished in past year 1. How angler expenditures contribute to a region’s economy • Angler Interview Sites relative to other activities. 1. Fishing sites or 2. Economic impacts related to natural resource damage 2. Contacted by mail/email assessments. (using state fishing license frames) Examples: oil spills, hurricanes… • Frequency Every 3-5 years (2006, 2011, 2014, 2016/17) • Locations Conducted in all U.S. coastal states U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 7
2014 Durable Goods Expenditure Survey 32 annual categories Survey focused on durable equipment • Tackle, rods/reels, & other gear expenditures only • Camping equipment (no trip expenses) • Clothing • Binoculars • Taxidermy • Magazine subscriptions • Club Dues • License fees • Boat purchases/accessories & related expenses • Vehicle purchases & related expenses • 2 nd home purchases & related expenses
2016-2017 Trip Expenditures Survey Charter fees, tips, Transportation & catch processing (private, public, airfare, auto rental) Boat fuel & oil Boat rental Access & parking Bait Ice Lodging Food Gifts & souvenirs (from grocery stores or restaurants)
Estimating Total Expenditures Total Avg. Durable Durable Num. of Anglers Expenditures by state by state Expenditures Total Avg. Trip Trip Num. of Trips Expenditures by state & mode by state & mode Expenditures U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 10
Demographics of Average Angler 54 years old 85% male 44% college educated 28 days fished in past year 32 years fishing Fisherman in St. Petersburg, FL U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 11
Results: Average U.S. Expenditures in 2014 Rods & Reels $226.09 Tackle $171.15 Clothing $71.40 Camping Equipment $43.52 License Fees $35.67 Club Dues $17.00 Binoculars $14.61 Magazine Subscriptions $13.86 Taxidermy $9.98 $0 $50 $100 $150 $200 $250 U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 12
Total U.S. Angler Expenditures , 2014 $2.0 B $1.6 B Private Shore Boat $28 B $1.3 B Durable For-Hire Goods U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 13
Economic Contributions from Angling Expenditures used to estimate total Total Output = output, value-added, and gross value of sales by businesses employment contributions within the economic region to state and national economy Value added = Employment = labor income and profits supported by full and part-time jobs recreational fishing expenditures U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 14
U.S. Recreational Fisheries 2014 Values Economic Impact Trends, 2014 $60.6 B $22.0 B in Value-Added $60.6 B in Income in Sales 68.0 M Total Trips 439,000 Jobs Source: FEUS 2014 U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 15
2013 Study of Bait & Tackle Retail Stores Objective of study Obtain a detailed picture of the bait and tackle industry serving marine recreational anglers. U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 16
Businesses Included in Study Independent stores & small local chains Fishing license vendors as proxy sample frame Lists acquired from all 23 coastal U.S. states + 2 wholesalers Concentrating on near coastal counties U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 17
Data Collection and Analysis • Gross sales (range), fishing sales & costs (%) Goal to collect • Sales by bait & tackle categories (%) baseline economic data • Fisheries targeted by customers • Collected 2013 data Conducted cost-earnings and economic impact analyses (IMPLAN) Conducted analysis • Bait & Tackle vs. Other Stores by business categories U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 18
Store Characteristics Bait & Other Percent Stores by Category Tackle Stores Marina (1,259) (2,255) Years Bait & 13% selling Hard- Tackle 25 25 ware marine B&T 10% 35% Full time 12% employees 3 7 General Retail 15% 15% Part time employees 4 6 Sporting Convenience Goods U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 19
Average U.S. Sales by Store Type 2.0 Million Dollars $1.7 M 1.5 1.0 $0.8 M $0.6 M $0.4 M 0.5 $0.2 M $0.1 M 0.0 Bait & Tackle Stores Other Stores Total Fishing Saltwater ($1,000) U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 20
Nationally… 3,514 retail stores SW Bait & Tackle Sales Boat accessories $854 M Total Bait 9% Apparel 8% 18% $318 M Access- Other 9% ories Stores 11% 45% $536 M Fishing line Tackle Bait & Tackle Stores U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 21
Economic Impacts Generated by $854 M in Sales $2.3 B $796 M 16,000 + in total in full & sales output income part time jobs U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 22
For more information FEUS 2014 www.st.nmfs.noaa.gov/economics/publications/feus/ fisheries_economics_2014/index Durable Goods Survey 2014 www.st.nmfs.noaa.gov/economics/fisheries/recreational/ angler-expenditures-economic-impacts/index Bait & Tackle Study www.st.nmfs.noaa.gov/economics/fisheries/recreational/ Bait-and-Tackle/bt-survey-2014 Contact sabrina.lovell@noaa.gov U.S. Department of Commerce | National Oceanic and Atmospheric Administration | NOAA Fisheries | Page 23
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