4/
SU
A
MARINE
ADVISORY
PROGRAM
RANT
OREGON STATE UNIVERSITY
CORVALLIS, OREGON 97331
MEDS - 36
August 1971
MARINE ECONOMICS DATA - 50-FOOT SCOTTISH INSHORE VESSEL
Description
$87,500 market value, 50 feet by 18 feet, wood side trawler and
24 gross registered tons.
Effort
Fishery
(days)
Finfish
210
(1) Gross returns
$29,946
Variable COsts"
Season total
Vessel repairs
Gear maintenance
Fuel and oil
Commission
Galley
National Health insurance
Port dues, unloading, and hauling
Boxes and ice
Miscellaneous
Crewshare
Total variable costs
$ 2,100
2,060
1,410
1,420
1,060
440
880
310
280
8,860
$18,820
Fixed costs 2/
Depreciation
Insurance
Electronics rental
Miscellaneous.. . . . .
. , . . . , . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ,
Total fixed costs
$ 1,900
i,000
1,570
170
$ 4,640
Opportunity costs"
Season total
(4)
Operator's labor
(5)
Operator's management (10% of boat share)
1,424
(6)
Total investment ($87,500 @ 10%)
8,750
Return to labor, management, and investment
(1 less 2 and 3)
6,486
$ 2,685
Summary
Return to labor and management (1 less 2, 3, and 6)
Return to Investment (1 less 2, 3, 4, and 5)
-2,264
2,377
Developed by the British White Fish Authority in cooperation with the Oregon
State University Marine Advisory Program, in Edinburgh, Scotland.
bJ
Costs that vary with fishing effort.
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.