Economics of Fishery Failure: The Fall of the King-Analysis of U.S. West Coast Chinook Salmon (Oncorhyncus Tshawytscha)
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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This study examines bio-economic trends within the West Coast wild salmon fishery, specifically the Chinook King salmon Oncorhyncus Tshawytscha species. This study will first review the historical management, policies, competing interests, and environment affecting the health of the wild Chinook that brought the fishery sector to its current status. It focuses on fisheries supply data derived from both farmed aquaculture and troll caught wild salmon off the West Coast of the United States California, Oregon, Washington, and Alaska from 1980-2007. The study will then describe the wild Chinook fishery market and assess the effect of the farmed fishery supply and the long-term implications of changes in consumer preferences in conjunction with a growing farmed fish market and declining regional fishery availability. The data of the declining West Coast stocks, growth of wild imports and global salmon aquaculture data reflect the supply changes that have occurred in the salmon market both prior to and during this period. The study further examines the long and short-term economic implications of the development of international commercially farmed salmon fisheries upon the wild salmon fishery. Analysis of historical trends assesses the effects of status quo policy and management in the salmon fishery and resulting historical and current supply and demand curves as a means of forecasting future market pricing. The study will show how United States wild salmon stocks are vital to U.S. supply and competition in domestic and international salmon markets and how variability in that stock at low levels will most likely continue absent significant government policy revisions and will directly impact premium market pricing.
- Agronomy, Horticulture and Aquiculture
- Economics and Cost Analysis