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Economic Analysis of Recreational and Commercial Fisheries Occurring in the Middle and Lower Cape Fear River, North Carolina.

PB2017101076

Publication Date	2017
Personal Author	Hadley, J.
Page Count	26
Abstract	The Cape Fear River in North Carolina provides multiple ecosystem services for the region’s residents and visitors, including supporting fish stocks that drive several recreationally and commercially important fisheries. Using data collected by the North Carolina Division of Marine Fisheries, this study estimates the economic value and impact of fisheries occurring on the Middle and Lower Cape Fear River specifically for American shad as well as for all fisheries combined. Net benefit estimates are derived from data collected from 140 recreational anglers utilizing the Middle Cape Fear River, while the various presented economic impacts are based on estimated trip expenditures for the recreational fisheries and ex-vessel value of seafood landings for the commercial fisheries. Study estimates show that the American shad fishery is variable from year to year but can provide upwards of $106,000 in net benefits and can support $650,000 in industry output and business sales in the state economy. When all presented fisheries data are analyzed together, the findings indicate that the fisheries of the Cape Fear River supported an estimated 467 jobs, $14.2 million in income, and $35.7 million in business sales. While by no means a comprehensive examination of the ecosystem services provided by the Cape Fear River, this study does provide a baseline economic assessment of fisheries occurring in the Cape Fear River that may be later used in other analyses to gather a more complete representation of the importance of the river to area residents, visitors, communities, and in an more general sense to the state of North Carolina.
Keywords	Fisheries management Economic analysis Marine fish Commercial fishing Recreational fishing Fish stocks Data collection Economic impacts Economic assessment Aquatic ecosystems Rivers Cape Fear River (North Carolina)
Source Agency	National Oceanic and Atmospheric Administration
NTIS Subject Category	98F - Fisheries & Aquaculture 48B - Natural Resource Management 96A - Domestic Commerce, Marketing, & Economics 47D - Biological Oceanography
Corporate Authors	North Carolina Dept. of Environment and Natural Resources, Raleigh.; National Oceanic and Atmospheric Administration, Washington, DC.
Document Type	Technical Report
NTIS Issue Number	201708

Economic Analysis of Recreational and Commercial Fisheries Occurring in the Middle and Lower Cape Fear River, North Carolina.

Economic Analysis of Recreational and Commercial Fisheries Occurring in the Middle and Lower Cape Fear River, North Carolina.
PB2017101076

Publication Date	2017
Personal Author	Hadley, J.
Page Count	26
Abstract	The Cape Fear River in North Carolina provides multiple ecosystem services for the region’s residents and visitors, including supporting fish stocks that drive several recreationally and commercially important fisheries. Using data collected by the North Carolina Division of Marine Fisheries, this study estimates the economic value and impact of fisheries occurring on the Middle and Lower Cape Fear River specifically for American shad as well as for all fisheries combined. Net benefit estimates are derived from data collected from 140 recreational anglers utilizing the Middle Cape Fear River, while the various presented economic impacts are based on estimated trip expenditures for the recreational fisheries and ex-vessel value of seafood landings for the commercial fisheries. Study estimates show that the American shad fishery is variable from year to year but can provide upwards of $106,000 in net benefits and can support $650,000 in industry output and business sales in the state economy. When all presented fisheries data are analyzed together, the findings indicate that the fisheries of the Cape Fear River supported an estimated 467 jobs, $14.2 million in income, and $35.7 million in business sales. While by no means a comprehensive examination of the ecosystem services provided by the Cape Fear River, this study does provide a baseline economic assessment of fisheries occurring in the Cape Fear River that may be later used in other analyses to gather a more complete representation of the importance of the river to area residents, visitors, communities, and in an more general sense to the state of North Carolina.
Keywords	Fisheries management Economic analysis Marine fish Commercial fishing Recreational fishing Fish stocks Data collection Economic impacts Economic assessment Aquatic ecosystems Rivers Cape Fear River (North Carolina)
Source Agency	National Oceanic and Atmospheric Administration
NTIS Subject Category	98F - Fisheries & Aquaculture 48B - Natural Resource Management 96A - Domestic Commerce, Marketing, & Economics 47D - Biological Oceanography
Corporate Authors	North Carolina Dept. of Environment and Natural Resources, Raleigh.; National Oceanic and Atmospheric Administration, Washington, DC.
Document Type	Technical Report
NTIS Issue Number	201708