KatRita-Fish-Econ-audio.ppt - CNREP

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					Fisheries Impacts of Hurricanes
        Katrina and Rita




      Rex Caffey, Associate Professor
       LSU AgCenter & LA Sea Grant
Shrimp
       Shrimp
• Fleet disruption (sunk, destroyed, damaged, displaced)
   – Southeast:            65-85%
   – South Central:        10-15%
   – Southwest:            60-80%

• Habitat damage – 100 square miles of coastal marsh?

• Very strong post-storm catches from remnant fleet

• Slight decrease in dock prices, 30% increase in fuel costs

• Dockside revenue losses of $90.4 million
Shrimp: La Gear Licenses
          Shrimp: U.S. Value & Imports
                  Source: Diop, H. 2004

Processed Value                           Import Quantity
   Billions ($)                            Millions (lbs)
Crabs
        Crabs

• Mobile industry, low barriers to entry


• Very strong catches after the storms – lag effect?


• Decreasing dock prices, increasing in fuel costs


• Dockside revenue losses of $18.7 million
Crabs: LA Resident Licenses
       Source: LDWF 2004
Oysters
        Oysters
• Estimated mortality from silt deposition
   – Southeast:           50-70%
   – South Central:       20-30%
   – Southwest:           30-40%

• Precautionary closures, areas reopened as of 11/05

• Sustained price increase due to Chesapeake?

• Louisiana Oyster Recovery Plan

• Dockside revenue losses of $27.5 million
Oysters – LA Resident Licenses
       Source: LDWF 2004
Crawfish
      Crawfish
• Some saltwater damage in southernmost range of
  production: Lower Vermilion, Iberia, St. Martin.

• Semi-drought conditions pre-Katrina and post-Rita

• 30% increase in fuel costs Sept- Nov.

• Poor recruitment in fall sampling – short, late season

• Loss of in-state markets could be big issue

• Production revenue losses of $38 million
       Crawfish -            LA Production & Imports
                       Source: NMFS 2003

Domestic Production                              Imports
 Millions (lbs Live)                       Millions (lbs Meat)
Finfish
      Finfish

• Commercial losses:
   – Menhaden:      $25.2 million over coming year
   – Other finfish: $14.7 million over coming year

• Capacity reduction for federally-permitted species
   – Limited entry?
   – Individual Transferable Quota (ITQ)?
   – Vessel buy-out programs?


• Charter boat industry heavily impacted
   – $27 million in lost revenue over coming year
   Finfish: Licensed Charter Guides
            Source: LDWF 2004

Number of
 Guides
Fisheries Infrastructure
       Fisheries Infrastructure
• Vessels missing, damaged, in need of salvage
      Commercial:          1,800 – 3,500
      Recreational:        30,000 – 40,000

• Tremendous damage to fisheries infrastructure:
  docks, ice houses, processing, storage, markets

• Prices constrained by lack of cold-storage capacity

• Unknown damage to 110 seafood processors

• Temporary/permanent loss of domestic retail outlets
   – Seafood markets and dealers
   – Of 3,500 New Orleans restaurants, 74% remain
     unopened as of 11/30 (La Restaurant Assoc.)
Prospects for Fisheries Recovery
• Despite habitat damages, stocks will recover in short-term

• Fishermen less resilient, will require assistance
   – Federal Fisheries Disaster Declaration
   – Emergency loans, state and federal grants, trade relief
   – Capacity reduction : market-based and program-based
• 1-year economic impact for commercial and recreational
   – Dockside revenue loss: $203.7 million
   – Dockside plus retail losses $406 - $508 million

• Infrastructure losses still unknown, likely to be major $

• Strong recovery expected for recreational charter sector
• Continued decline expected in commercial shrimp sector
Hurricane Recovery
    Resources
www.lsuagcenter.com
www.laseagrant.org

				
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posted:3/29/2013
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