MARINE
U
SEA
ADVISORY
PROGRAM
RANT
OREGON STATE UNIVERSITY
CORVALLIS, OREGON 97331
MEDS - 33
August 1971
MARINE ECONOMICS DATA - 75-FOOT SCOTTISH INSHORE VESSEL7
Description
$154,000 market value, 75 feet by 22 feet, wood side trawler and
68 gross registered tons.
Effort
Fishery
(days)
Finfish
211
(1) Gross returns
Variable costs"
Vessel repairs
Gear maintenance
Fuel and oil
Commission
Galley
National Health Insurance
Port dues, unloading, and hauling
Boxes
Ice
Miscellaneous
Crewshare
Total variable costs
$59,094
Season total
$ 4,560
3,050
4,430
3,730
2,490
720
4,970
1,490
1,500
1,050
27,000
$54,990
Fixed costs"
Depreciation
Insurance
Electronics rental
Miscellaneous
Total fixed costs
$ 6,250
2,130
2,540
390
$11,310
Opportunity costs
Season total
(4)
Operator's labor
(5)
Operator's management (10% of boat share)
(6)
Total investment ($156,000 @ 10%)
15,400
Return to labor, management, and investment
(1 less 2 and 3)
-7,206
$
4,325
2,400
Summary
Return to labor and management (1 less 2, 3, and 6)
-22,606
Return to investment (1 less 2, 3, 4, and 5)
-13,931
Developed by the British White Fish Authority in cooperation with the Oregon
State University Marine Advisory Program, in Edinburgh, Scotland.
W
Costs that vary with fishing effort.
2/'
Costs that do not vary with fishing effort.
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.