MARINE
ADVISORY
PROGRAM
CORVALLIS, OREGON 97331
OREGON STATE UNIVERSITY
MEDS - 11
Rev April 1973
MARINE ECONOMICS DATA - 66-FOOT SEATTLE DRAGGER
Description
$80,700 market value, 66 feet by 18 feet, 40-ton capacity, 300 HP
diesel engine, loran, 2 fathometers, radar, 2 radios, automatic pilot,
hydraulic net drum and winches.
PriceFishery
Sole, snapper,
cod, etc
Effort-i
(days)
Per ton
($)
($)
140
220
.11
(1) Gross returns
Low
Per lb.
Product
Medium
(tons)
780
702
$154,440
High
(tons)
(tons)
$171,600
858
$188,760
Variable costs
Season total with:
High
Medium
Low
production
production
production
Vessel repairs
Fuel
Gear repairs
Ice and miscellaneous
Galley
Crewshare
(2) Total variable costs
Fixed
$
8,975
7,479
3,895
4,382
2,455
50,965
$ 78,151
$
8,975
7,479
4,869
4,382
2,455
56,628
$ 84,788
$
8,975
7,479
5,843
4,382
2,455
62,291
$ 91,425
costs'
Depreciation
Insurance
Administrative /
(3) Total fixed costs
$
5,179
5,919
6,531
$ 17,629
$
5,179
5,919
6,531
$ 17,629
$
5,179
5,919
6,531
$ 17,629
Opportunity cos ts'
Low
production
Medium
production
High
production
$16,988
$18,876
$20,764
10,811
12,012
13,213
6,456
6,456
6,456
$58,660
$69,183
$79,706
Return to labor and management
(1 less 2, 3, and 6)
52,204
62,727
73,250
Return to investment
(1 less 2, 3, 4, and 5)
30,861
38,295
45,729
(4) Operator's labor (11% of gross)
(5) Operator's management (7% of gross)
(6) Total investment ($80,700 @ 8%)
Suimnary
Return to labor, management, and
investment (1 less 2 and 3)
Original data developed by Division of Economic Research, National Marine Fisheries Service, 1968.
Costs, landings, and prices have been adjusted to reflect
changes since the original data was developed.
- Fishing days at sea.
2/ Prevailing prices for this port during the 1972
season.
Low and high are 10% 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.
£1'
Utilities, accounting, etc.
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.