Private Fish Hatcheries Create Billions of Dollars in Economic Activity

A recently completed study by researchers at Colorado State University showed that angler spending supported by the Aquacultural Suppliers of Recreational Fish (ASRF) in the Western region of the United States contribute about $1.9 billion in output and more than 26,000 jobs to the economy of the states in the region. The Western region includes Colorado, New Mexico, Arizona, Utah, Nevada, California, Washington, Oregon, Idaho, Montana and Wyoming.

Results showed that every dollar of recreational fish sales can be traced to $36 of economic activity, and every $1 million spent on ASRF products is associated with nearly 500 jobs in the Western region.

Locally, this implies that production from Colorado recreational fish producers results in an estimated total economic contribution of more than a quarter-billion dollars and about 3,500 jobs.

The research team collected data from 173 private businesses that raise fish for recreational stocking, as well as a sample of their first point-of-sale customers (fishing clubs, dude ranches, etc.) and anglers. The study showed the biggest impacts come from supporting recreational angling in freshwater streams, rivers and lakes across the West.

“The difficult part of the analysis was estimating forward linkages from the suppliers of recreational fish to the anglers,” said Craig Bond, resource economist in the Department of Agricultural and Resource Economics at Colorado State and principal investigator on the project. “We asked the first point-of-sale customers to estimate the share of their revenue directly related to private fish stocking and used this data in conjunction with the angler survey to estimate spending impacts.”

ASRF producers account for $53 million in direct sales in the Western region. However, when accounting for the forward linkages of the industry – expenditures resulting from the use of ASRF products – the numbers grow dramatically.

For example, anglers in Colorado spend, on average, $135 to $138 per angler day, a figure that rises to $179 per angler day in California. Combined with an estimated 7 million ASRF-supported angler days in the Western United States per year using the survey data, this results in about $1 billion in annual expenditures from anglers directly attributable to aquacultural stocking activity done by private businesses.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: