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Cost-earnings Study and Economic Performance Analysis of American Samoa Longline Pelagic Fishery—2016 Operation and Recent Trends
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2019
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By Pan, Minling
[PDF-1.74 MB]
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Description:The purpose of this study is to conduct a cost-earnings survey and examine the economic health of the American Samoa pelagic longline fishery. Previous cost-earning studies on the American Samoa fishery were conducted based on 2001 (O’Malley and Pooley 2002) and 2009 (Pan et al. 2017) operational years. O’Malley and Pooley (2002) found that the majority of vessels were profitable based on the 2001 operation, generating revenue sufficient to meet expenses and earned profit (approximately $251,000 per vessel per year). However, 8 years later, the cost-earnings study conducted by Pan et al. (2017) found that the economic performance of the 2009 fishing operation considerably decreased compared to 2001. Of the 23 vessels surveyed based on 2009 operation, only 52% (12 vessels) were able to make a net gain (earn a profit), while 48% of the vessels showed negative returns in fishery operations. On average, the vessel owners in 2009 generated a small margin of profit (approximately $6,000 per vessel), which equates to only 2% of the profit level in 2001.
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Rights Information:Public Domain
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Compliance:Submitted
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