To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery
Environmental, political, and economic conditions influence fishermen’s decisions, which in turn have consequences on the profitability of fishing fleets. We applied the bio-economic model FishRent to understand the response of eight fleets operating in the Northeast Atlantic mackerel and North Sea...
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ftunivwagenin:oai:library.wur.nl:wurpubs/568968 2024-02-27T08:43:45+00:00 To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery Rybicki, Sandra Hamon, Katell G. Simons, Sarah Temming, Axel 2020 application/pdf https://research.wur.nl/en/publications/to-fish-or-not-to-fish-economic-perspectives-of-the-pelagic-north https://doi.org/10.3389/fmars.2020.00625 en eng https://edepot.wur.nl/529958 https://research.wur.nl/en/publications/to-fish-or-not-to-fish-economic-perspectives-of-the-pelagic-north doi:10.3389/fmars.2020.00625 https://creativecommons.org/licenses/by/4.0/ Wageningen University & Research Frontiers in Marine Science 7 (2020) ISSN: 2296-7745 Northeast Atlantic bio-economic model herring mackerel pelagic fishery Article/Letter to editor 2020 ftunivwagenin https://doi.org/10.3389/fmars.2020.00625 2024-01-31T23:13:29Z Environmental, political, and economic conditions influence fishermen’s decisions, which in turn have consequences on the profitability of fishing fleets. We applied the bio-economic model FishRent to understand the response of eight fleets operating in the Northeast Atlantic mackerel and North Sea autumn spawning herring fishery to a number of scenarios, including changes in recruitment, the quota allocation key, and disruptions in fish and fuel prices. In all scenarios, both the Irish and German fleets were close to the break-even point, making them more vulnerable to additional disturbances than other fleets. Yet, these events are expected to occur simultaneously and a larger margin between costs and revenue would enhance the fleets resilience. The replacement of the historical quota allocation key to countries by an allocation according to biomass distribution negatively affected the German fleet most (−450% profitable within 1 year from 2020 to 2021), followed by the Dutch and Danish fleets (−175% profitable on average among those fleets), while the United Kingdom and Ireland increased their profitability by more than 250%. The differences among fleets highlights the sensitivity of a historical allocation key revision. In case of a continued herring recruitment failure, the profitability of most fleets targeting herring decreased but none of the fleets had to disinvest. Declines in fish prices (16% for frozen mackerel and herring, 81% for fresh herring, and 105% for fresh mackerel on average) and increases in fuel prices (17% on average) forced the United Kingdom, Icelandic, and large-scale (>40 m) Irish fleets to reduce their number of vessels by up to 40%. Article in Journal/Newspaper Northeast Atlantic Wageningen UR (University & Research Centre): Digital Library Frontiers in Marine Science 7 |
institution |
Open Polar |
collection |
Wageningen UR (University & Research Centre): Digital Library |
op_collection_id |
ftunivwagenin |
language |
English |
topic |
Northeast Atlantic bio-economic model herring mackerel pelagic fishery |
spellingShingle |
Northeast Atlantic bio-economic model herring mackerel pelagic fishery Rybicki, Sandra Hamon, Katell G. Simons, Sarah Temming, Axel To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery |
topic_facet |
Northeast Atlantic bio-economic model herring mackerel pelagic fishery |
description |
Environmental, political, and economic conditions influence fishermen’s decisions, which in turn have consequences on the profitability of fishing fleets. We applied the bio-economic model FishRent to understand the response of eight fleets operating in the Northeast Atlantic mackerel and North Sea autumn spawning herring fishery to a number of scenarios, including changes in recruitment, the quota allocation key, and disruptions in fish and fuel prices. In all scenarios, both the Irish and German fleets were close to the break-even point, making them more vulnerable to additional disturbances than other fleets. Yet, these events are expected to occur simultaneously and a larger margin between costs and revenue would enhance the fleets resilience. The replacement of the historical quota allocation key to countries by an allocation according to biomass distribution negatively affected the German fleet most (−450% profitable within 1 year from 2020 to 2021), followed by the Dutch and Danish fleets (−175% profitable on average among those fleets), while the United Kingdom and Ireland increased their profitability by more than 250%. The differences among fleets highlights the sensitivity of a historical allocation key revision. In case of a continued herring recruitment failure, the profitability of most fleets targeting herring decreased but none of the fleets had to disinvest. Declines in fish prices (16% for frozen mackerel and herring, 81% for fresh herring, and 105% for fresh mackerel on average) and increases in fuel prices (17% on average) forced the United Kingdom, Icelandic, and large-scale (>40 m) Irish fleets to reduce their number of vessels by up to 40%. |
format |
Article in Journal/Newspaper |
author |
Rybicki, Sandra Hamon, Katell G. Simons, Sarah Temming, Axel |
author_facet |
Rybicki, Sandra Hamon, Katell G. Simons, Sarah Temming, Axel |
author_sort |
Rybicki, Sandra |
title |
To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery |
title_short |
To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery |
title_full |
To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery |
title_fullStr |
To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery |
title_full_unstemmed |
To Fish or Not to Fish – Economic Perspectives of the Pelagic Northeast Atlantic Mackerel and Herring Fishery |
title_sort |
to fish or not to fish – economic perspectives of the pelagic northeast atlantic mackerel and herring fishery |
publishDate |
2020 |
url |
https://research.wur.nl/en/publications/to-fish-or-not-to-fish-economic-perspectives-of-the-pelagic-north https://doi.org/10.3389/fmars.2020.00625 |
genre |
Northeast Atlantic |
genre_facet |
Northeast Atlantic |
op_source |
Frontiers in Marine Science 7 (2020) ISSN: 2296-7745 |
op_relation |
https://edepot.wur.nl/529958 https://research.wur.nl/en/publications/to-fish-or-not-to-fish-economic-perspectives-of-the-pelagic-north doi:10.3389/fmars.2020.00625 |
op_rights |
https://creativecommons.org/licenses/by/4.0/ Wageningen University & Research |
op_doi |
https://doi.org/10.3389/fmars.2020.00625 |
container_title |
Frontiers in Marine Science |
container_volume |
7 |
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1792051804325806080 |