CRD 07-17
Table 20. Estimated cost and returns to commercial lobster fishing businesses by
region for calendar year 1993 (Source: Department of Environmental and Natural
Resource Economics, URI, 1995) |
| |
Northern Inshore |
Southern Inshore |
Offshore |
| Gross
Stock |
110,510 |
174,006 |
480,260 |
| Operating
Costs |
38,080 |
56,260 |
339,593 |
| Boat Repair and Maintenance |
3,225 |
4,344 |
30,000 |
| Supplies |
1,308 |
3,763 |
6,000 |
| Food |
146 |
389 |
18,000 |
| Gear Maintenance |
3,962 |
4,133 |
21,333 |
| Fuel and Lubricants |
3,411 |
6,133 |
35,000 |
| Bait |
8,482 |
11,389 |
70,260 |
| Vehicles |
2,296 |
3,250 |
9,000 |
| Sternman Payment |
15,250 |
22,858 |
150,000 |
| Operating
Cost as % Gross |
34% |
32% |
71% |
| Fixed
Costs |
18,323 |
52,009 |
72,800 |
| Permits |
202 |
336 |
533 |
| Moorage |
940 |
2,363 |
3,333 |
| Interest on Operating Loan |
1,933 |
8,860 |
500 |
| Interest on Long Term Loan |
5,088 |
24,167 |
13,500 |
| Insurance for Boat |
1,607 |
2,238 |
16,667 |
| Insurance for Sternman |
738 |
633 |
19,500 |
| Property Taxes |
832 |
175 |
433 |
| Gear Loss |
5,550 |
7,571 |
18,333 |
| Shorefront Property |
1,433 |
5,667 |
0 |
| Fixed
Cost % of Gross |
17% |
30% |
15% |
| Total
Cost |
56,403 |
108,269 |
412,393 |
| Net
Revenue |
54,107 |
65,737 |
67,867 |
| Net
Revenue % of Gross |
49% |
38% |
14% |
| Opportunity
Cost of Labor |
22,202 |
25,468 |
23,636 |
| Net
Return to Capital and Profit |
31,905 |
40,269 |
44,231 |
| Net
Return to Capital and Profit % of Gross |
29% |
23% |
9% |
|