MARINE
SUi
EA1
ADVISORY
PROGRAM
RANT
CORVALLIS, OREGON 9733
OREGON STATE UNIVERSITY
MEDS - 1
Rev April 1973
MARINE ECONOMICS DATA - 32-FOOT PORT ORFORD TROLLER AND CRABBER'
Description
$12,000 market value, 32 feet by 11 feet, wood hull, 130 HP diesel
engine, loran, fathometer, 2 radios, automatic pilot, 6 hydraulic
salmon puller's, crab pot block and 200 pots.
di
ci
Price
Effort'
Fishery
Dungeness crab...
Troll salmon....
Production
Per ton
Per lb.
Low
Medium
High
(days)
($)
($)
(tons)
(tons)
(tons)
72
53
1,300
1,200
.65
.60
3
4
5
12
15
18
$18,300
$23,200
(1) Cross returns
Variable costs!!
Crab
Gear repairs
Vessel repairs
Transportation...
Bait
Fuel
Galley
Miscellaneous
Crewshare (20%)..
$2,420
795
927
856
291
169
68
(2) Total variable costs
Salmon
$ 657
170
56
246
157
56
$28,100
Season total with:
Low
Medium
High
production production
production
$ 3,285
1,452
1,097
912
540
$ 3,381
1,452
1,097
912
540
$ 3,477
1,452
1,097
912
540
326
124
326
124
326
3,660
4.640
124
5,620
$11,396
$12,472
$13,548
Fixed
Depreciation
Utilities
Insurance (hull)
Dock maintenance
Moorage
Licenses
Property tax
Miscellaneous 1q1
(3) Total fixed costs
59
57
13
59
550
580
568
289
75
57
13
59
$ 2,191
$ 2,191
$ 2,191
$
550
580
568
289
75
57
13
$
550
580
568
289
75
$
Opportunity costs!/
Low
pro4uction
Medium
production
$4,961
$6,264
$ 7,587
(5) Operator's management (10% of gross)
1,830
2,320
2,810
(6) Total investment ($12,000 @ 9%)
1,080
1,080
1,080
$4,713
$8,537
$12,361
3,633
7,457
11,281
-2,058
-47
1,964
(4) Operator's labor (27% of gross)
High
production
Summary
Return to labor, management, and
investment (1 less 2 and 3)
Return to labor and management
(1 less 2, 3, and 6)
Return to investment
(1 less 2, 3, 4, and 5)
Original data developed by selected Port Orford fishermen,, AprIl 1969, in cooperation with Oregon State University Marine Advisory Program.
Costs, landings, and
prices have been adjusted to reflect changes since the original data was developed1
and is representative of above-average operators for this port.
Fishing days at sea.
Prevailing prices for this port during the 1972 season.
'Low
and high are 25% below and above medium for crab, and 20% below and above
medium for salmon.
Costs that vary with fishing effort. May include unpaid crew, operator, and
family labor.
Some costs, such as gear repair and crewshare, also vary with
production.
Costs that do not vary with fishing effort.
Accounting, legal fees, etc.
Opportunity cost of labor is the estimated value of this operator's time, or what
could have been earned working for someone else. Opportunity cost of management
is the estimated value of this operator's management (decision-making and risk),
or what could have been earned managing another similar business.
Opportunity
cost of investment is the estimated fair return to total investment in the business, regardless of the actual amount of debt.