MARINE
SEA I /ADVISORY
RANTV
PROGRAM
OREGON STATE UNIVERSITY
CORVALLIS, OREGON 97331
MEDS 21
Rev June 1973
MARINE ECONOMICS DATA - 35-FOOT BRITISH COLUMBIA SALMON GILLNETTER-"
Description
$15,500 market value, 35 feet by 11 feet, 5-ton capacity, 180 HP
gasoline engine, 2 radios, fathometer, automatic pilot, wooden
net drum, and automatic conversion drive.
Productio"
Price2t"
Fishery
Net salmon
Effort-i
(days)
Per ton
Per lb.
($)
($)
940
.47
60
(1) Gross returns
Low
(tons)
8.5
$7,990
Medium
(tons)
10
$9,400
High
(tons)
11 5
$10,810
Variable costs-"
Season total with
Low
Medium
High
production
production
product ion
Vessel and equipment repairs
Gear repairs
Fuel
Galley
Miscellaneous
(2) Total variable costs
$1,217
980
673
589
$ 1,217
1,326
673
932
$1,217
1,153
673
589
932
$4,391
$4,564
$ 4,737
$1,192
343
225
$1,192
343
225
$ 1,192
343
$1,760
$1,760
$ 1,760
589
932
Fixed costsl"
Depreciation
Insurance
Moorage
(3) Total fixed costs
225
Opportunity costs/'
(4) Operator's labor (30% of gross)
(5) Operator's management (10% of gross)
(6) Total investment ($15,500 @ 7%)
Low
production
Medium
production
High
production
$2,397
$2,820
$3,243
799
940
1,081
1,085
1,085
1,085
$1,839
$3,076
$4,313
754
1,991
3,228
-1,357
-684
-11
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)
W
2/'
Original data developed by British Columbia Department of Fisheries and Forestry,
1968. Vessel characteristics, costs, landings,
and price have been adjusted to
reflect changes since the original data were developed.
Actual days at sea.
Prevailing prices during the 1972 season.
Low and high are 15% below and above medium.
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.
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.