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Commercial Fishing Industry

Mississippi Commercial Fishing Industry

Commercial Fishing corresponds to Finfish Fishing Shellfish Fishing in the North American Industrial Classification System (NAICS). Finfish fishing comprises establishments primarily engaged in the commercial catching or taking of finfish (e.g., menhaden, redfish, snapper, seatrout, flounder, mullet, sheepshead) from their natural habitat. Shellfish fishing comprises establishments primarily engaged in the commercial catching or taking of shellfish (e.g., blue crab, oyster, shrimp) from their natural habitat.

The annual Mississippi commercial landings of all species combined (in pounds), and landing values (in dollars) since 1950 are shown in the chart below. Recent natural and technological disasters (e.g., Hurricane Katrina in 2005 and the Deepwater Horizon oil spill in 2010) adversely affected annual commercial landings and dockside values. Annual commercial landings averaged 250 million pounds during the last decade valued at 37 million dollars.

Mississippi commercial landings contributed five percent of the total domestic U.S. landings from 2009 to 2018. In dockside values, Mississippi added 11 percent to U.S. commercial landing values during the past decade.

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Figure 1. This figure shows the annual Mississippi commercial landings of all species combined (in pounds), and landing values (in dollars). The source of raw data is NOAA Fisheries.

The average labor productivity of commercial fishing was measured by dividing the annual commercial landings and dockside values by yearly employment. The employment data consisted of all workers and owners of the commercial fishing units in Mississippi estimated by the Economic Modeling Specialists (EMSI). The average fisherman productivity during the past decade amounted to 210,000 pounds per fisherman, which was valued at 31,000 dollars per fisherman.

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Figure 2. This figure shows the average productivity of Mississippi commercial fishermen (in pounds and dollars per fisherman per year).

Output or sales is the gross sales by businesses within the economic region affected by an activity. The total economic contributions are the sum of direct, indirect, and induced contributions. The economic contributions of the Mississippi commercial fishing industry are shown in the figure below. Significant reductions in economic impacts are associated with Hurricane Katrina in 2005 and the Gulf-wide oil spill in 2010. The annual sales contribution of the commercial fishing industry averaged $61 million during the past decade.

Employment or job contributions are expressed in terms of a mix of both full-time and part-time jobs. The total economic contributions are the sum of direct, indirect, and induced contributions. The industry created more than 1,200 full-time and part-time jobs per year in the same period.

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Figure 3. This figure shows the annual sales and job contributions of Mississippi commercial fishing since 2006. The source of raw data is NOAA Fisheries.

 

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News

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Portrait of Dr. Ben Posadas
Assoc Extension/Research Prof
Seafood and specialty crops marketing; Marine and disaster economics