MARINE
SEA&V /ADVISORY
U
RANTVPROG RAM
OREGON STATE UNIVERSITY CORVALLIS, OREGON 97331
MEDS - 32
August 1971
MARINE ECONOMICS DATA - 65-FOOT SCOTTISH INSHORE VESSEL7
Description
$119,000 market value, 65 feet by 20 feet, wood side trawler and
49 gross registered tons.
Effort
Fishery
Finfjsh
(days)
227
(1) Gross returns
$45,100
Variable costs"
Season total
Vessel repairs
Gear maintenance
Fuel and oil
Commission
Transportation
Galley
National Health Insurance
Port dues, unloading, and hauling
Boxes
Ice
Miscellaneous
Crewshare
(2) Total variable costs
$ 3,140
3,580
2,590
2,120
700
1,760
580
2,300
490
610
480
12,895
$31,245
Fixed
Depreciation
Insurance
Electronics rental
Miscellaneous
(3) Total fixed costs
$ 3,750
1,640
2,080
120
$ 7,590
Opportunity costs
Season total
(4)
Operator's labor
(5)
Operator's management (10% of boat share)
(6)
Total investment ($119,000 @ 10%)
$ 2,865
2,124
11,900
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)
6,265
-5,635
1,276
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.