Economic Impacts of the NC For Hire Fishing fleet

Last edited by Capt_Dave on Wed Dec 07, 2011 10:54 am; edited 1 time in total

Economic Impacts of the NC For Hire Fishing fleet

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_________________
Capt. Dave
Continental Shelf
Morehead City, NC
800-775-7450

Life is SHORT....Fish Hard!

Posted: Thu Mar 03, 2011 10:20 pm Post subject:

I am reading this now....More to come....
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Capt. Dave
Continental Shelf
Morehead City, NC
800-775-7450

Life is SHORT....Fish Hard!

Posted: Thu Mar 03, 2011 10:22 pm Post subject:

EXECUTIVE SUMMARY
The North Carolina for‐hire ocean fishery consists of approximately 750 charter boat vessels and
head boat vessels operating year‐round and targeting a succession of fish species depending on
seasonal fish abundances and economic conditions. The objective of this study is to document the
economic impacts and recreation benefits of the North Carolina for‐hire fishing industry. The data
for this study come from two sources, 2007‐2008 vessel data from the North Carolina Division of
Marine Fisheries (NCDMF), and new survey data collected in 2007‐2008 specifically for this study.
A field/mail survey of captains produced 158 completed surveys (150 charter boat surveys and 8
head boat surveys). A dockside field survey of passengers produced 1,317 completed surveys, and
a telephone follow‐up survey of passengers produced 296 additional surveys.
• Of 754 North Carolina for‐hire vessels, 27 (3.5 %) are head boats and 727 (96.5 %) are charter
boats.
• Coast‐wide, about 70,000 for‐hire vessel trips (not passenger trips) occur annually, split between
about 66,000 charter trips and 3,780 head boat trips.
• Coast‐wide, an estimated 431,000 passengers are serviced annually by the North Carolina forhire
fleet. Approximately 303,000 of these passengers take charter trips, and 128,000 take head
boat trips.
• The North Carolina for‐hire fishery receives approximately $65 million annually in fishing fees
paid by passengers, with about $55 million received by charter vessels and $10 million received
by head boat vessels. An additional $3.3 million is received in revenue for other items sold to
passengers. Tips paid by passengers to crewmembers bring in an additional $5.8 million per
year.
• There are an estimated 1,445 for‐hire captain and crew jobs in North Carolina.
• In the Northern region of the state (Dare County, Hyde County, and counties surrounding
Albemarle Sound), charter captains attributed 70 percent of household income to for‐hire fishing,
with head boat captains attributing 80 percent. In the remaining Central/Southern coastal
region, captains of vessels 0‐29 feet in length attributed 37 percent of household income to forhire
fishing, while captains of charter vessels 30‐69 feet attributed 54 percent, and captains of
head boats 70+ feet in length attributed 100 percent.
• In the Northern region, 45‐55% of charter boat passengers say that for‐hire fishing was the
primary reason for their visit to the NC coast, 60‐85% of charter passengers are from out of state,
and almost all 98‐100% of charter passengers spend at least one night in a coastal county as part
of their visit to the coast. Only about 20% of head boat passengers report that for‐hire fishing
was their primary reason for visiting the NC coast, about 80% of head boat passengers are from
out of state, and about 95% of head boat passengers in this region spend at least one night in a
coastal county as part of their visit.
In the Central region (Beaufort, Pamlico, Craven, Carteret, Onslow and Pender counties), 95% of
charter boat passengers say that for‐hire fishing was the primary reason for their visit to the NC
coast, 20‐25% of charter passengers are from out of state, and about 20% of charter trips are
taken on day visits to the coast (about 80% are overnight visits). About 35‐40% of head boat
passengers report that for‐hire fishing was their primary reason for visiting the NC coast, about
50‐65% of head boat passengers are from out of state, and about 85‐95% of head boat passengers
in this region spend at least one night in a coastal county as part of their visit.
• In the Southern region (New Hanover and Brunswick counties), 43‐53% of charter boat
passengers say that for‐hire fishing was the primary reason for their visit to the NC coast, about
45% of charter passengers are from out of state, and about 10% of charter trips are taken on day
visits to the coast (about 90% are overnight visits). About 40‐60% of head boat passengers
report that for‐hire fishing was their primary reason for visiting the NC coast, about 30‐50% of
head boat passengers are from out of state, and about 60% of head boat passengers in this region
spend at least one night in a coastal county as part of their visit.
• For‐hire fishing passengers spend about $380.0 million per year, including both on‐ and off‐vessel
spending, in coastal North Carolina. With economic multiplier effects, this spending supports
about $667.4 million in economic output (sales) along the coast, about 10,200 jobs (including
1,445 for‐hire fishing jobs), $261.4 million in wages and salaries, and $49.3 million in local/state
sales and excise (such as fuel and cigarette) taxes.
• "Consumer surplus" is the economic value of the fishing experience to the passenger beyond the
expenditures necessary to take the trip. On average, consumer surplus for a charter boat trip
averages $624 per fisher per trip, and consumer surplus for a head boat trip is $102 per fisher per
trip. Multiplying by the estimated annual numbers of charter passengers (303,000) and head
boat passenger (128,000) produces estimates of $189 million in charter boat passenger
consumer surplus and $13 million in head boat passenger consumer surplus per year.
• The most popular charter boat target species are tuna (22%), wahoo (17%) and dolphin (34%).
The most popular head boat target species are snapper (7%) and grouper (6%).
• For primary purpose fishers, one additional billfish per trip (per fisher) is worth over $2000. One
additional coastal migratory pelagic fish is worth $55. One additional mackerel is worth $39. An
additional snapper‐grouper is worth $94.
• The economic models used to estimate consumer surplus value can also be used to conduct
economic analysis of some types of policy changes. For a snapper‐grouper bag limit change from
15 to 7, fishers lose $77 in consumer surplus value per fisher. Fishers lose $34 from a reduction in
the king mackerel bag limit from 3 to 1 fish per trip.
• The survey of for‐hire vessel captain/owners asked several questions related to fishing policy, the
future of the fishery, and future participation in the fishery. Forty‐seven percent of for‐hire
captain/owners thought that the size of the NC for‐hire fleet was "about right" for maintaining
healthy fish stocks, and about forty‐five percent thought the fleet was "somewhat large" or "much
to large" to maintain healthy fish stocks.
• Thirty‐five percent of for‐hire captain/owners thought that the size of the NC for‐hire fleet was
"about right" for maintaining a financially healthy for‐hire industry in North Carolina, and about sixty‐one percent thought the fleet was "somewhat large" or "much to large" to maintain healthy
fish stocks.
• About sixty‐two percent of survey respondents either "somewhat support" or "strongly support"
a limited vessel entry or permit cap program for the for‐hire fishery in North Carolina, and about
thirty percent "somewhat oppose" or "strongly oppose" such a program.
• Seventy‐six percent of survey respondents support creation of a For‐Hire Advisory Committee to
the North Carolina Marine Fisheries Commission, and about thirteen percent oppose creation of
such a committee; about fifty percent of respondents say that they would be willing to serve on
such a committee.
• Slightly more than ninety‐five percent of survey respondents said that they plan on remaining in
the for‐hire industry in the future, two and a half percent said that they did not plan on remaining
in the industry, and about three percent were unsure.
_________________
Capt. Dave
Continental Shelf
Morehead City, NC
800-775-7450

Life is SHORT....Fish Hard!

Ol'Salt Joined: Sep 15, 2009 Posts: 435 Location: Burgaw

The economic models used to estimate consumer surplus value can also be used to conduct
economic analysis of some types of policy changes. For a snapper‐grouper bag limit change from
15 to 7, fishers lose $77 in consumer surplus value per fisher. Fishers lose $34 from a reduction in
the king mackerel bag limit from 3 to 1 fish per trip.

Does the snapper-grouper include black bass? Is there a proposal to reduce king mack to 1 per day?
Just wondering?????
Wayne
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C Wayne, Retired
20 ft Wellcraft
Salt Water Therapy

Wayne Batten Agronomic Services

Cape Fear Anglers

Posted: Fri Mar 04, 2011 8:34 am Post subject:

Thank you for posting Captain Dave. This is a very powerful document. With 10,200 jobs generated just from the For Hire industry in NC, add the entire fishing industry into the eqation and it looks like NOAA and NMFS is really sticking it to the citizens of our State. A we talk about budget shortfalls and high unemployment.....

I'll be emailing a copy of this to our Seanators today!!!
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Capt Cane Faircloth
Ollie Raja Charters
(Fishizzle Tackle Prostaff)
www.fishizzletackle.com
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www.holdenbeachfishingcharters.com
www.coastalmobilemarine.com

Posted: Fri Mar 04, 2011 10:43 am Post subject:

Now if we could this info for the our states would be nice too.
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Captain Keith
North Myrtle Beach Fishing Charters
843-907-0064
www.NorthMyrtleBeachFishingCharters.com
www.feedinfrenzycharters.com
www.southcarolina-offshore.com
www.southchathamtackle.com
www.BarefootFishing.net
www.fishfindertackle.com

Posted: Sat Apr 09, 2011 6:49 am Post subject:

Coast‐wide, about 70,000 for‐hire vessel trips

Coast‐wide, an estimated 431,000 passengers are serviced annually by the North Carolina forhire
fleet. Approximately 303,000 of these passengers take charter trips, and 128,000 take head
boat trips.

• For primary purpose fishers, one additional billfish per trip (per fisher) is worth over $2000. One
additional coastal migratory pelagic fish is worth $55. One additional mackerel is worth $39. An
additional snapper‐grouper is worth $94.

$40,514,000 per year per Snapper/Grouper in NC
_________________
Capt. Dave
Continental Shelf
Morehead City, NC
800-775-7450

Life is SHORT....Fish Hard!

Posted: Sat Apr 09, 2011 11:53 am Post subject:

Sounds like a good argument for support of recreational fishing. FYI, for those that don't know charter boats and head boat harvests are part of the recreational harvest figures.
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FISHERMEN IN SUPPORT OF HEROES, INC.
www.fishheroes.org
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Posted: Sun Apr 10, 2011 8:37 am Post subject:

Posted: Mon Apr 11, 2011 5:49 pm Post subject:

"Thirty‐five percent of for‐hire captain/owners thought that the size of the NC for‐hire fleet was
"about right" for maintaining a financially healthy for‐hire industry in North Carolina, and about sixty‐one percent thought the fleet was "somewhat large" or "much to large" to maintain healthy
fish stocks."

Too large for the fishery or the business? I am curious how that question was posed to respondents. I personally have never thought while fishing "there are too many charter boats in WB for the fishery to sustain."
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Posted: Fri Dec 16, 2011 9:37 am Post subject:

Great post with excellent information on the For-hire industry Capt. Dave.
Glad to see Sea Grant putting forth a very good survey with the help of industry participants.

Capt. Joe Shute
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Capt. Joe

Posted: Mon Jan 09, 2012 7:25 pm Post subject:

Posted: Sat Feb 11, 2012 7:12 am Post subject:

Thanks Dave. Keep the info coming.

Ol'Salt Joined: Jun 18, 2009 Posts: 730

Not trying to stir the pot here. But my question would be (and has been for over 30 year's now), when has rec/comm fishing, ever NOT been a HUGE part of Eastern NC's economic base??? I guess that the bean counter's have got to have %, decimel's and pie chart's what to understand what WE've known all along. Is common really gone for good???? I'm afraid so, Frank

Ol'Salt Joined: Apr 28, 2011 Posts: 353 Location: Virginia

Anyone should know without looking at stats etc. that the charter fleet along with all other recreational money spent is far greater than the money posted,its not only the fishing its everything down to suntan lotion if you think its everything from cloths,food,soveneirs,medical visits when people come to the coast to fish.Anything that would build on that is what the fishing laws should be built around and any restrictions.

Ol'Salt Joined: Apr 24, 2012 Posts: 325 Location: Pembroke

Do you feel sportfishing is a dieing sport? So many factors working against

Ol'Salt Joined: Apr 28, 2011 Posts: 353 Location: Virginia

A study showed the amount of money recreational fishing brought into NC was huge

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