MARINE
SU
ADVISORY
PROG RAM
"GRANT
OREGON STATE UNIVERSITY
CORVALLIS, OREGON 97331
MEDS Rev April 1973
2
MARINE ECONOMICS DATA - 40-FOOT BROOKINGS TROLLER AND CRABBERDescription
$40,000 market value, 40 feet by 14 feet, wood hull, 12-ton capacity,
220 HP diesel engine, loran, radar, fathometer, 2 radios, automatic
pilot, refrigeration, 6 hydraulic salmon and tuna pullers, crab pot
block and 400 pots.
Price"
Effort-"
(days)
Fishery
Dungeness crab
Troll salmon
Albacore tuna
80
47
51
Low
Production
Medium
Per ton
Per lb.
($)
($)
(tons)
(tons)
(tons)
1,300
1,200
680
.65
.60
.34
3.45
17.62
21.00
4.60
22.03
30.00
5.75
26.44
39.00
$39,909
$52,816
$65,723
(1) Gross returns
High
Variable costs7
Vessel repairs
Gear repairs
Galley
Fuel......,..,
Transportation
Bait
Ice
Miscellaneous..
Season total with:
Low
Medium
High
production
production production
Crab
Salmon
Tuna
$1,355
2,806
646
486
745
$1,192
$1,053
556
427
248
226
511
378
232
41
51
40
40
685
0
57
$ 3,600
3,874
1,713
1,291
1,225
911
0
Crewshare.. .
(2) Total variable costs
$ 3,600
3,993
1,713
1,291
1,225
911
$ 3,600
4,112
1,713
1,291
1,225
911
81
81
148
9,488
148
12,483
81
148
15,479
$22,331
$25,445
$28,560
$ 2,901
2,000
$ 2,901
2,000
$ 2,901.
72
60
37
72
60
37
72
60
37
390
390
390
$5,460
$ 5,460
$ 5,460
Fixed
Insurance................,.,
Moorage. .
a. ø. . U
S
SS
CC
CSSSCS
CSS
Licenses. .
.......... .....
.
Property tax.............,.........,
Miscellaneous
.. . . .. . . . . .. . . . . .
/.
CS
. ..... .
(3) Total fixed costs...5........,
2,000
Opportunity cos
Low
production
Medium
production
High
production
$11,973
$15,845
$19,717
(5) Operator's management (10% of gross)
3,991
5,282
6,572
(6) Total investment ($40,000 @ 9%)
3,600
3,600
3,600
$12,118
$21,911
$31,703
8,518
18,311
28,103
-3,846
784
5,414
(4) Operator's labor (30% of gross)
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 Brookings fishermen, April 1969, in cooperation with Oregon State University Marine Advisory Program. Costs, landings, and
price have been adjusted to reflect changes since the original data was developed,
and is representative of above-average operators for this port.
Fishing days at sea.
2/
Prevailing prices for this port during the 1972 season.
Low and high are 25% below and above medium for crab, 20% below and above medium
for salmon, and 30¼ below and above medium for tuna.
Costs that vary with fishing effort. May include unpaid crew, operator, and
family labor. Some costs, such as gear repair and crewahare, also vary with production.
Costs that do not vary with fishing effort.
Utilities, accounting, 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.