CRD 07-17
Table 19. Median cost and returns for commercial inshore lobster businesses in
Massachusetts and Rhode Island by vessel size class (Source: Liebzeit and Allen 1989) |
| |
20'-29' |
30'-40' |
41'-50' |
| MA |
RI |
MA |
RI |
MA |
RI |
| Returns |
8,162 |
5,000 |
45,000 |
32,000 |
102,525 |
92,500 |
| Variable Costs ($) |
2,906 |
2,600 |
13,500 |
12,000 |
41,000 |
38,800 |
| Variable
Costs % of Gross |
36% |
52% |
30% |
38% |
40% |
42% |
| Fixed
Costs ($) |
2,223 |
1,323 |
7,149 |
7,550 |
20,000 |
27,550 |
| Fixed
Costs % of Gross |
27% |
26% |
16% |
24% |
20% |
30% |
| Total
Costs ($) |
5,129 |
3,923 |
20,649 |
19,550 |
61,000 |
66,350 |
| Net
Return ($) |
3,033 |
1,077 |
24,351 |
12,450 |
41,525 |
26,150 |
| Net
Return % of Gross |
37% |
22% |
54% |
39% |
41% |
28% |
| Opportunity
Cost of Capital ($) |
1,238 |
522 |
2,508 |
2,007 |
5,687 |
3,345 |
| Opportunity
Cost of Labor ($) |
6,730 |
3,963 |
17,500 |
8,256 |
23,000 |
16,252 |
| Economic
Profit ($) |
-3,697 |
-2,886 |
6,851 |
4,194 |
18,525 |
9,898 |
| Economic
Profit % of Gross |
-45% |
-58% |
15% |
13% |
18% |
11% |
|