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Economic Study of San Pedro Wetfish Boats

Author

Listed:
  • Perrin, William F.
  • Noetzel, Bruno G.

Abstract

Because the San Pedro wetfish fleet is shrinking and is not yielding good wages for fishermen or good returns to investors, it needs to improve its economic state. The fleet is antiquated,and one way it can improve itself is by constructing new, efficient vessels, both for replacement of vessels and for expansion of the fleet to harvest presently underexploited stocks of jack mackerel and anchovies in the California Current. The study reported here investigated the feasibility of this approach. It found that, at present rates of catch and prices of fish, the construction of new vessels is not economically feasible--even if the construction is subsidized. It also found, however, that expansion of the fleet through acquisition of surplus vessels from other fisheries is feasible, given sufficient demand for wetfish at present prices.

Suggested Citation

  • Perrin, William F. & Noetzel, Bruno G., 1969. "Economic Study of San Pedro Wetfish Boats," Working Papers 233020, United States Bureau of Commercial Fisheries, Division of Economic Research.
    • Handle: RePEc:ags:uscfwp:233020
    DOI: 10.22004/ag.econ.233020
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    File URL: https://ageconsearch.umn.edu/record/233020/files/us-fisheries-interior-32.pdf
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    References listed on IDEAS

    as
    1. Unknown, 1969. "The 1969 Fishing Fleet Improvement Act: Some Advantages of its Passage," Working Papers 232950, United States Bureau of Commercial Fisheries, Division of Economic Research.
    2. Nash, Darrel A., 1969. "A Survey of Fish Purchases by Socio-Economic Characteristics," Working Papers 233022, United States Bureau of Commercial Fisheries, Division of Economic Research.
    3. Nash, Darrel A., 1969. "A Survey of Fish Purchases by Socio-Economic Characteristics: Second Quarterly Report," Working Papers 243185, United States Bureau of Commercial Fisheries, Division of Economic Research.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Bell, Frederick W. & Carlson, Ernest W., 1970. "The Productivity of the Sea and Malthusian Scarcity," Working Papers 233061, United States Bureau of Commercial Fisheries, Division of Economic Research.

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