MARINE
EA
RANT
DVISORY
PROGRAM
OREGON STATE UNIVERSITY
CORVALLIS, OREGON 97331
MEDS - 42
Rev August 1973
MARINE ECONOMICS DATA - 60-FOOT RHODE ISLAND DRAGGER.
Description
$110,000 market value, 60 feet by 70 feet, wooden hull side trawler,
37.5 ton capacity, 350 HP V12 diesel engine, radar, 2 lorans, 2
fathoineters, 4 radios, fish finder, automatic pilot, hydraulic
winch, 4 nets, 2 pair doors, and 12 HP auxiliary engine.
PricePer ton Per lb.
Effort
Fishery
(days)
($)
($)
300
.15
Low
ProductionMedium
High
(tons)
(tons)
(tons)
Cod, flounder,
scup, butter-
fish, etc......
170
486
(1) Gross returns
$145,800
540
$162,000
594
$178,200
Variable costs4'
Season total with
Low
Medium
High
production
production
production
Vessel repairs.,,.,,..,..,..,,..,,,.,.,,...
Gear repair8.,,,,,,.,,,,..,,,,,.........,.
Fuel. ,
,
,
. . , ..
* . .
Welfare fwd, , . ,
Galley. .
,
,
Ice..,,.,
Transportation
Unloading, ,
,
Crewshare /
. ,.
. . . .
. . . . . . . . . .
. . ..., ....e.
.
. , , . . ,. , .
. ,. , . . . .
, , . . , ,
.0.
,. .. . ,
,
0* * 0 0
0
$
000000
*00
00S
(2) Total variable
8,340
3,584
7,430
7,290
3,281
3,143
1,808
1,458
51,894
$ 88,228
$
8,340
4,480
7,430
8,100
3,281
3,143
1,808
1,620
58,175
$ 96,377
$
8,340
5,376
7,430
8,910
3,281
3,143
1,808
1,782
64,457
$104 ,527
Fixed costs
Depreciation. . . . . . . . . . . , . . . . . . . . . . . , .
Insurance. , . , , . , , . , . , . , . . , . . . . . . . . . , . ,
Legal, professional, & administration
Moorage. * .. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Miscellaneous. . . . . . . . . . . . . . . . . . . . . . . .
$
. .
(3) Total fixed costs..,,....,,,.,.5..0
8,462
5,360
619
320
670
$ 15,431
8,462
5,360
619
320
670
8,462
5,360
619
320
670
$ 15,431
$ 15,431
$
$
Opportunity costs"
Low
production
(4) Operator's labor (1/4 crewshare)
Medium
production
High
product ion
$16,571
$18,664
$20,758
(5) Operator's management (10% of boatshare).
5,423
6,108
6,794
(6) Total investment ($110,000 @ 8%)
8,800
8,800
8,800
$42,141
$50,192
$58,242
Return to labor and management
(1 less 2, 3, and 6)
33,341
41,392
49,442
Return to investment
(1 less 2, 3, 4, and 5)
20,147
25,420
30,690
Summary
Return to labor, management, and
investment (1 less 2 and 3)
a" Original data developed by selected Point Judith, Rhode
Island fishermen in
cooperation with the University of Rhode Island and Oregon State University.
Costs, landings, and prices have been adjusted to reflect changes since the
original data were developed, and is representative of above-average operators
for this port.
W
Average for all species landed.
Low and high are 10 percent 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.
Using "broken 45 lay," the crewshare shown is 3/4 of total, including fringe
benefits. The remaining 1/4 crewshare goes to the operator under (4).
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.