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Estimating the economic impacts of bycatch in U.S. commercial fisheries

Author

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  • Patrick, Wesley S.
  • Benaka, Lee R.

Abstract

Bycatch presents a challenge to optimizing yield in commercial fisheries, where bycatch can total more than 1 million mt per year in the United States. Yet the economic impacts of bycatch have rarely been evaluated in the scientific literature. These economic impacts largely occur from the loss of landings through (1) early closure of fisheries when catch limits of bycatch species are reached; and (2) discards of marketable catch due to regulatory requirements in the fishery. This paper illustrates the economic impacts of early closures due to bycatch in U.S. fisheries by describing past case studies, as well as evaluating the economic impacts of discarding fish in U.S. commercial fisheries. Premature closures in the fisheries reviewed resulted in potential losses ranging from $34.4 million to $453.0 million annually. Nationally, bycatch estimates in the form of regulatory discards are annually reducing the potential yield of fisheries by $427.0 million in ex-vessel revenues, and as much as $4.2 billion in seafood-related sales, $1.5 billion in income, and 64,000 jobs. Our review also shows that some of the most promising work to reduce bycatch over the last decade has been the development of gears or gear modifications, termed “conservation engineering.”

Suggested Citation

  • Patrick, Wesley S. & Benaka, Lee R., 2013. "Estimating the economic impacts of bycatch in U.S. commercial fisheries," Marine Policy, Elsevier, vol. 38(C), pages 470-475.
    • Handle: RePEc:eee:marpol:v:38:y:2013:i:c:p:470-475
    DOI: 10.1016/j.marpol.2012.07.007
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    Cited by:

    1. Negar Akbari & Pierre Failler & Haoran Pan & Benjamin Drakeford & Andy Forse, 2023. "The Impact of Fisheries on the Economy: A Systematic Review on the Application of General Equilibrium and Input–Output Methods," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    2. Drupp, Moritz A. & Khadjavi, Menusch & Quaas, Martin F., 2019. "Truth-telling and the regulator. Experimental evidence from commercial fishermen," European Economic Review, Elsevier, vol. 120(C).
    3. Patrick, Wesley S. & Link, Jason S., 2015. "Hidden in plain sight: Using optimum yield as a policy framework to operationalize ecosystem-based fisheries management," Marine Policy, Elsevier, vol. 62(C), pages 74-81.
    4. Surís-Regueiro, Juan C. & Garza-Gil, M. Dolores & Varela-Lafuente, Manuel M., 2014. "Socio-economic quantification of fishing in a European urban area: The case of Vigo," Marine Policy, Elsevier, vol. 43(C), pages 347-358.
    5. Drupp, Moritz A. & Khadjavi, Menusch & Quaas, Martin F., 2016. "Truth-telling and the regulator: Evidence from a field experiment with commercial fishermen," Kiel Working Papers 2063, Kiel Institute for the World Economy (IfW Kiel).

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