For-hire cost/ earnings survey

Description

Nearly 1.6 million passengers fished aboard for-hire recreational fishing vessels during 2011 in the Northeast United States (ME - NC). While the National Marine Fisheries Service (NMFS) regularly collects detailed catch, effort, and expenditure information from anglers fishing aboard for-hire vessels, no data are collected about the business structure and costs of the marine for-hire fishing industry operating in the Northeast. This study is intended to fill that gap. Survey results show that the overall financial condition of marine recreational for-hire fishing businesses in the Northeast is mixed. Assets exceed liabilities by over four times for the average charter and head boat, and over 90% of charter and head boat owners carry insurance coverage. This implies that a rather strong financial for-hire fishing fleet exists in the Northeast. The results also reveal that the average charter boat produced only a little over $5.1 thousand in net income in 2010 and that over half of the charter boats in the Northeast actually incurred higher expenses than revenues in 2010. In contrast, the average head boat generated over $95.1 thousand in net income in 2010 although median net income per head boat was lower at $50.1 thousand. In addition to providing a detailed overview of the operating structure of the "average" Northeast for-hire head boat and charter boat, we constructed an input-output model to estimate the economic activity that for-hire businesses contribute to the Northeast's economy as measured by total employment, labor income, and sales. Model results show that in 2010 the for-hire industry earned $140.3 million in revenue, generated $50.4 million in income to owners, hired captains, crew/mates, and office staff, and employed over 6,200 individuals. The multiplier effects of this activity were substantial. An additional $193.7 million in sales, $66.5 million in income, and 1,290 jobs in other businesses in the Northeast were supported by the for-hire industry through indirect and induced transactions. Service businesses (real estate, food services, marinas, repair shops, etc.), wholesale and retail trade businesses (sporting goods stores, bait shops, gas stations, etc.), and manufacturing businesses (fishing gear manufactures, fuel refineries, commercial fishermen [bait], etc.) were the enterprises most reliant on the for-hire fleet. Over 700 service sector jobs, 360 wholesale and retail trade jobs, and 63 manufacturing jobs were dependent upon the for-hire fleet in the Northeast in 2010. In total, an estimated 7,530 jobs, in the overall Northeast regional economy, were supported by the active for-hire fleet in 2010.

Resources

Name Format Description Link
0 View the complete metadata record on InPort for more information about this dataset. https://www.fisheries.noaa.gov/inport/item/27523
0 Northeast Fisheries Science Center Reference Document 13-03 which describes the data http://nefsc.noaa.gov/publications/crd/crd1303/
0 Global Change Master Directory (GCMD). 2024. GCMD Keywords, Version 19. Greenbelt, MD: Earth Science Data and Information System, Earth Science Projects Division, Goddard Space Flight Center (GSFC), National Aeronautics and Space Administration (NASA). URL (GCMD Keyword Forum Page): https://forum.earthdata.nasa.gov/app.php/tag/GCMD+Keywords https://forum.earthdata.nasa.gov/app.php/tag/GCMD%2BKeywords
33 NOAA Data Management Plan for this record on InPort. https://www.fisheries.noaa.gov/inportserve/waf/noaa/nmfs/nefsc/dmp/pdf/27523.pdf
0 View the complete metadata record on InPort for more information about this dataset. https://www.fisheries.noaa.gov/inport/item/27523
0 Northeast Fisheries Science Center Reference Document 13-03 which describes the data https://nefsc.noaa.gov/publications/crd/crd1303/
0 Global Change Master Directory (GCMD). 2024. GCMD Keywords, Version 19. Greenbelt, MD: Earth Science Data and Information System, Earth Science Projects Division, Goddard Space Flight Center (GSFC), National Aeronautics and Space Administration (NASA). URL (GCMD Keyword Forum Page): https://forum.earthdata.nasa.gov/app.php/tag/GCMD+Keywords https://forum.earthdata.nasa.gov/app.php/tag/GCMD%2BKeywords
33 NOAA Data Management Plan for this record on InPort. https://www.fisheries.noaa.gov/inportserve/waf/noaa/nmfs/nefsc/dmp/pdf/27523.pdf
0 View the complete metadata record on InPort for more information about this dataset. https://www.fisheries.noaa.gov/inport/item/27523
0 Northeast Fisheries Science Center Reference Document 13-03 which describes the data https://nefsc.noaa.gov/publications/crd/crd1303/
0 Global Change Master Directory (GCMD). 2025. GCMD Keywords, Version 22. Greenbelt, MD: Earth Science Data and Information System, Earth Science Projects Division, Goddard Space Flight Center (GSFC), National Aeronautics and Space Administration (NASA). URL (GCMD Keyword Forum Page): https://forum.earthdata.nasa.gov/app.php/tag/GCMD+Keywords https://forum.earthdata.nasa.gov/app.php/tag/GCMD%2BKeywords
33 NOAA Data Management Plan for this record on InPort. https://www.fisheries.noaa.gov/inportserve/waf/noaa/nmfs/nefsc/dmp/pdf/27523.pdf

Tags

  • recreational uses
  • input-ouput models
  • northeast for-hire cost and earnings
  • recreational for-hire fishing
  • doc/noaa/nmfs/nefsc
  • for-hire cost
  • surveys
  • noaa
  • northeast fisheries science center
  • angler expenditures
  • charter
  • u.s. department of commerce
  • national marine fisheries service
  • northeast
  • 2012
  • earnings
  • recreational fishing
  • 2011
  • economics
  • 2006
  • economic contribution of for-hire fishing

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