This paper outlines the empirical research done in collaboration with NOAA Economist Dr. Scott Crosson from the Southeast Fisheries Science Center in Miami, Fl. The research was conducted in the U.S. Virgin Islands on both St. Croix and St. Thomas, respectively. An economic survey was distributed during the yearly commercial fishing license registration on each island, allowing first hand contact with the fishermen. The survey outlines their basic costs per trip as well as fixed costs, capital in vessels, and capital in gear both free diving and scuba. This data was combined with 2013 landings data in order to contrast amount spent vs. amount made (returns) so that we may understand commercial fisheries in the islands from the perspective of the fisherman and his/her own business model. Understanding what it costs to undergo daily fishing trips will provide NOAA and the territorial government with data to make more informed policy-related decisions in the future.
Armentrout, Ashleigh, "An economic survey of the commerical fisheries in the U.S. Virgin Islands" (2014). Internship Reports (Restricted). 120.
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