Economy Internal Links Revenue Overfishing costs the food industry up to 36 billion dollars in lost revenue
REUTERS, 2010 <”World pays high price for overfishing, studies say”, Reuters, http://www.reuters.com/article/2010/09/14/us-overfishing-idUSTRE68D4J020100914>
Decades of overfishing have deprived the food industry of billions of dollars in revenue and the world of fish that could have helped feed undernourished countries, according to a series of studies released on Tuesday. The Canadian, U.S. and British researchers behind the studies also said that overfishing is often the result of government subsidies that would have been better spent conserving fish stocks. Fisheries contribute $225 billion to $240 billion to the world economy annually, but if fishing practices were more sustainable, that amount would be up to $36 billion higher, according to the four papers published in the Journal of Bioeconomics. The researchers said the data demonstrate that the reasons for protecting world's ocean fish stocks from unsustainable fishing are more than just biological. "Maintaining healthy fisheries makes good economic sense, while overfishing is clearly bad business," said Rashid Sumaila, an economist at the University of British Columbia in Vancouver, who led the research. The researchers estimated that from 1950 to 2004, 36 to 53 percent of the fish stocks in more than half the exclusive economic zones in the world's oceans were overfished, with up to 10 million tonnes of fish catch now lost.
The fishing industry is a critical economic sector—helps bolster the market in rural areas, provides jobs, and brings in $100 billion yearly in revenue from trade
Allison 11 (Edward H, Principal Scientist Policy, Economics and Social Sciences The WorldFish Center Penang, Malaysia, “Aquaculture, Fisheries, Poverty and Food Security”, The WorldFish Center, http://www.worldfishcenter.org/resource_centre/WF_2971.pdf, PDF)
Over half a billion people (workers and dependents) are wholly or partly supported by fisheries, aquaculture and related industries, 95 percent of them in developing countries, with increases in aquaculture likely. Employment in fisheries is likely to stabilize or decrease due to combinations of labour substitution by technological change and management measures to reduce over-capacity in the sector. There is little direct quantitative evidence of the size of growth-multiplier effects from fisheries and aquaculture development, although there is strong qualitative evidence that the fishery sector boosts the amount of cash in circulation in rural areas, fostering market-driven development. Aquaculture and related processing industries provide new economic opportunities, particularly for female employment. Trade in fish is worth around US$ 100 billion a year, and the export of higher-cost species from developing to developed countries, and import of lower-cost (but often higher nutritional value) fish by developing countries generates a positive trade balance. The fishery and aquaculture sector contributes more than 10 per cent of GDP in some major fish-producing countries, including Mauritania and Vietnam. Contributions to GDP from the sector are complicated by variable methods of calculation. Typically they are based on the sale-value of fishery production, but do not include revenues from access agreements for other countries to access fishery resources, and license fees paid by domestic fleets.
Overfishing costs the food industry up to 36 billion dollars in lost revenue
REUTERS, 2010 <”World pays high price for overfishing, studies say”, Reuters, http://www.reuters.com/article/2010/09/14/us-overfishing-idUSTRE68D4J020100914>
Decades of overfishing have deprived the food industry of billions of dollars in revenue and the world of fish that could have helped feed undernourished countries, according to a series of studies released on Tuesday. The Canadian, U.S. and British researchers behind the studies also said that overfishing is often the result of government subsidies that would have been better spent conserving fish stocks. Fisheries contribute $225 billion to $240 billion to the world economy annually, but if fishing practices were more sustainable, that amount would be up to $36 billion higher, according to the four papers published in the Journal of Bioeconomics. The researchers said the data demonstrate that the reasons for protecting world's ocean fish stocks from unsustainable fishing are more than just biological. "Maintaining healthy fisheries makes good economic sense, while overfishing is clearly bad business," said Rashid Sumaila, an economist at the University of British Columbia in Vancouver, who led the research. The researchers estimated that from 1950 to 2004, 36 to 53 percent of the fish stocks in more than half the exclusive economic zones in the world's oceans were overfished, with up to 10 million tonnes of fish catch now lost.
Jobs
The fishing industry employs millions, over fishing threatens jobs
FAO ’11 (Fish Consumption Reaches All-time High February 8, 2011. Food and Agriculture Organization. http://blueocean.org/2011/02/fish-consumption-reaches-all-time-high/)The FAO (Food and Agriculture Organization), an autonomous agency within the United Nations, is a forum where nations convene to debate and develop policies regarding farming, fishing, and aquaculture. On January 31st, they issued their most recent report regarding global fish consumption. The report included some facts and figures that got my attention and I wanted to share them with you.¶ The headline of the report reads “Fish consumption reaches all-time high.” This news did not surprise me in and of itself, but the hard data was still impressive: the global average per person fish consumption was 17 kgs, “supplying over three billion people with at least 15% of their average animal protein intake.” (In the U.S., however, the percentage is much less.) This represents an overall increase, due in large part to the growing production of seafood via aquaculture. Indeed, the supply of fish raised on farms is about to surpass the amount caught in the wild. If that’s not the definition of a tipping point, then I don’t know what is. Needless to say, this means that it’s more important than ever to be aware of the environmental impact of different fish-farming methods, consume it judiciously, and to advocate for best practices.¶ Given the enormous size of the global seafood industry – fish is the most traded commodity in the world – how many people depend on it for their livelihood? According to the report, 45 million work in the seafood industry directly, another 180 million indirectly (i.e., processors, transporters, etc.), and if you include the workers’ families, a full 540 million people depend on some aspect of catching, farming, processing, or distributing fish for their economic wellbeing – in other words, eight percent of the world’s population.¶ The report included some sobering news: “The overall percentage of exploited, depleted or recovering fish stocks in the world’s oceans has not dropped and is estimated to be slightly higher than in 2006. About 32 percent of the world fish stocks are estimated to be overexploited, depleted or recovering and need to be urgently rebuilt…”¶ On a more optimistic note, “15 percent of the stock groups monitored by FAO were estimated to be underexploited (three percent) or moderately exploited (12 percent) and therefore able to produce more than their current catches.” Unfortunately, however, this proportion is steadily decreasing over time.¶ The FAO reported that they examined efforts to control “illegal, unreported and unregulated fishing.” One approach is to use trade measures to block the entry of fish that has been caught illegally.
The fishing industry brings in billions of dollars to the US economy and creates millions of jobs
The Billfish Foundation 13, Working worldwide to advance the conservation of Billfish & associated species to improve the health of oceans & economies. "Fisheries Economics of the United States Report Released - The Billfish Foundation." The Billfish Foundation. The Billfish Foundation, 14 Mar. 2013. http://www.billfish.org/news/fisheries-economics-of-the-united-states-report-released/ Web. 01 July 2014. CS
Jobs The National Oceanographic and Atmospheric Administration (NOAA) has released the annual edition of Fisheries Economics of the United States for 2011, highlighting the economic impact of both recreational and commercial fishing. In 2011, 11 million recreational anglers took 70 million saltwater fishing trips and generated $70 billion in sales impacts, $32 billion in value added impacts, and supported over 455,000 jobs nationally. Taking a further look at the expenditures of U.S. anglers in 2011, a total of $4.5 billion in angler expenditures were related specifically to fishing trips with $2 billion of this for private boat-based fishing trips. Shore-based fishing trips generated $1.5 billion and for-hire-based fishing trips brought in $1 billion. The angler expenditures on fishing-related equipment for 2011 totaled over $22 billion with most related to boat expenses ($11 billion). Other major expenditures incurred by anglers included vehicle expenses ($4.1 billion), fishing tackle ($3.8 billion) and second home expenses ($2.1 billion). This is great news for the recreational fishing industry because of the rise seen between 2010 and 2011, especially in the Southeast portion of the United States (South Atlantic and Gulf of Mexico Regions) where recreational fishing is economically important and a large driver of tourism. In 2011, around 70% of all recreational fishing jobs in the US were occupied by fishermen in the Gulf of Mexico and South Atlantic Regions. Recreational Fishing in these two regions generated $15.9 billion in fishing trip and durable equipment expenditures with $6.1 billion and $9.8 billion in the South Atlantic and Gulf of Mexico regions respectively. In 2011, 5.5 million of the 12 million saltwater anglers nationally fished in the Southeast United with 2.3 million anglers fishing in the South Atlantic region and 3.2 million anglers fishing in Gulf of Mexico region. Anglers in the South Atlantic and Gulf of Mexico took 20 million trips and 23 million fishing trips in 2011, respectively. The large importance of the recreational fishing industry in these regions demonstrates the importance of the fisheries and the further need for conservation efforts to ensure that fishing opportunities are available for future generations. The Billfish Foundation knows the importance of socioeconomic studies for the recreational fishing industry and has successfully used socioeconomic studies to further conservation and influence governments to place greater importance on their recreational fishing industries. Only with an increased knowledge of the socioeconomic impacts of anglers around the world can a unified voice be created for anglers to demonstrate their importance as an industry that needs to be recognized.
The fishing industry is critical to 828,000 jobs and brings in $48 billion to the American economy
ASA 13, The American Sportfishing Association (ASA) is the sportfishing industry’s trade association committed to representing the interests of the entire sportfishing community. American Sportfishing Association. "Sportfishing In America." Leading the Way for Sportfishing’s Future SPORTFISHING (2013): 2. ASA. American Sportfishing Association, Jan. 2013. Web. 1 July 2014. CS
DRIVE PAST ANY LAKE, river or beach and odds are you will see people, even entire families, gathered along the shore or in boats fishing. Fishing is, after all, one of America’s most enduring pastimes; something in which people of all ages can participate and an activity that millions of families and friends enjoy each year as a way to have fun together and spend time in the outdoors. But fishing is more than just the thrill of the catch or a peaceful – and sometimes adventurous – escape. It’s the foundation of an industry that supports more than 800,000 jobs involved in the manufacture, sale or provision of angling products and services, such as hotels, tackle retailers, boat builders, restaurants and more. The U.S. Fish & Wildlife Service’s (USFWS) 2011 National Survey of Fishing, Hunting and Wildlife-Associated Recreation identifies fishing as one of the most popular outdoor recreational activities in the United States. As many as 33 million people aged 16 or older participate in the activity, and spend $48 billion annually on equipment, licenses, trips and other fishing-related items or events. These funds help create and support more than 828,000 jobs in the United States at a time when many industries are still coping with a challenging economic climate. In some rural areas, the dollars brought in through recreational fishing help support entire communities.
US fishing industry supported 2 million jobs and generated 185 billion in sales in 2006
NOAA 9 (National Oceanic and Atmospheric Association 1/6/09 “New Economic Report Finds Commercial and Recreational Saltwater Fishing Generated More Than Two Million Jobs” http://www.noaanews.noaa.gov/stories2009/20090105_nmfseconomics.html)
U.S. commercial and recreational saltwater fishing generated more than $185 billion in sales and supported more than two million jobs in 2006, according to a new economic report released by NOAA’s Fisheries Service. The commercial fishing industry — harvesters, seafood processors and dealers, seafood wholesalers and seafood retailers — generated $103 billion in sales, $44 billion in income and supported 1.5 million jobs in 2006, the most recent year included in the report, Fisheries Economics of the United States 2006, which covers 1997 to 2006. Recreational fishing generated $82 billion in sales, $24 billion in income, and supported 534,000 jobs in 2006. “The report documents clearly that managing fisheries sustainably is good for the environment and the economy,” said Jim Balsiger, NOAA acting assistant administrator for NOAA’s Fisheries Service. “Fishing helps create a substantial number of jobs around the nation.”
Competetiveness
Without sustainable and secure fishing the United States is at risk of losing out to other countries – hurting our economy and decreasing competitiveness
Coast Guard No Date, United States Coast Guard. "Protecting America's Fisheries." (n.d.): n. pag. United States Coast Guard. United States Federal Goverment. http://www.uscg.mil/history/articles/Fisheries.pdf Web. 1 July 2014. CS
The fisheries resources of the world were once thought to be limitless. It is now all too obvious that these resources are finite and in jeopardy. To protect these valuable resources, prudent management and enforcement action is necessary. In the future, the United States can anticipate increased foreign fishing vessel incursions into the Exclusive Economic Zone. This could have serious economic consequences for the United States. Protecting and preserving our living marine resources has become a matter of national security. The Coast Guard is the only federal agency capable of projecting a U.S. law-enforcement presence throughout the Exclusive Economic Zone and in key areas of the high seas.
Tourism
NOAA ‘14 (Tourism and Recreation, NOAA Coral Reef Conservation Program. March 16, 2014 http://coral reef.noaa.gov/ aboutcorals/values/tourismrecreation/)
In 2000–2001, the artificial and natural reefs off the four-county area of southeast Florida (Palm Beach, Broward, Miami-Dade and Monroe counties) supported almost 28 million person-days of recreational diving, fishing and viewing activities. These activities generated about $4.4 billion in local sales, almost $2 billion in local income, and 70,400 full and part-time jobs. In that same time frame, when visitors to those reefs in these four counties were polled, they were willing to spend between $23 million and $64 million (values varied by county) per year to maintain the natural coral reefs in the county. These reefs also had an asset value of $8.5 billion. [g]Coral reef- and mangrove-associated tourism contributed an estimated $150 million–$196 million to the national economy in 2007, representing between 12 and 15 percent of Belize’s gross domestic product. Tourists spent an estimated $150 to $196 million on accommodation, reef recreation, and other expenses; they spent $30–$37 million on sport fishing and diving alone. Additional indirect economic impacts, including locally manufactured materials that support the industry, contribute another $26–$69 million a year. etc.). [h] Healthy coral ecosystems support local businesses and economies, as well as provide jobs through tourism and recreation. Every year, millions of scuba divers and snorkelers visit coral reefs to enjoy their abundant sea life. Even more tourists visit the beaches protected by these reefs. Local economies receive billions of dollars from these visitors to reef regions through diving tours, recreational fishing trips, hotels, restaurants, and other businesses based near reef ecosystems. One estimate places the total global value of coral-reef based recreation and tourism at $9.6 billion of the total global net benefit of coral reefs. For example, in the US, reef-related recreation and tourism account for an estimated $364 million in added value to Hawai`i's economy each year and its nearshore reefs annually contribute nearly $1 billion in gross revenues for the state. [b] Caribbean countries, which attract millions of visitors annually to their beaches and reefs, derive, on average, half of their gross domestic product from the tourism industry. [c] In Southeast Asia, it is estimated that each square kilometer of healthy reef (in areas with tourism potential) has a potential net benefit of $23,100 to $270,000. [d]Diving is one of the key components of reef tourism and recreation; divers generally look for high-quality coral reef habitats (as indicated by live coral coverage), coral and fish diversity, and water clarity. As a result, half of all diving in the Caribbean occurs within the region's marine protected areas, although these reefs represent a small fraction (about 20 percent) of all reefs within the region. Divers in the region have indicated a willingness to pay an average of an additional $25 per diver per year to keep the Caribbean coral reefs healthy. [e] One estimate predicts a loss of growth in the Caribbean dive industry of between 2 and 5 percent by 2015 due to reef degradation, which would result in a region-wide loss of annual net benefits of between $100 and $300 million. [e] Despite their great economic and recreational value, coral reefs are threatened by a number of factors. Recreation and tourism are "high value" industries that are especially sensitive to reef condition, and thus particularly vulnerable to degradation. [f] Once coral reefs are damaged, they are less able to support the many creatures that make their home on the reef and in turn lose value as a destination for tourists. Reef degradation has a direct economic impact on people whose livelihoods rely on reef tourism.
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