An Economic Analysis of Texas Shrimp Season Closures

Management of the Texas penaeid shrimp fishery is aimed at increasing revenue from brown shrimp, Penaeus aztecus, landings and decreasing the level of discards. Since 1960 Texas has closed its territorial sea for 45-60 days during peak migration of brown shrimp to the Gulf of Mexico. In 1981 the closure was extended to 200 miles to include the U.S. Exclusive Economic Zone. Simulation modeling is used in this paper to estimate the changes in landings, revenue, costs, and economic rent attributable to the Texas closure. Four additional analyses were conducted to estimate the effects of closing the Gulf 1- to 4-fathom zone for 45 and 60 days, with and without effort redirected to inshore waters. Distributional impacts are analyzed in terms of costs, revenues, and rents, by vessel class, shrimp species, vessel owner, and crew.

Effects of the Santa Barbara, Calif., Oil Spill on the Apparent Abundance of Pelagic Fishery Resources

Many studies have been made of the effects of oil on marine invertebrates, plants (marine algae and phytoplankton), and vertebrates such as seabirds and marine mammals. An excellent review of these findings, which includes some references to fish and pathological effects of aromatic hydrocarbons, has been published by the Royal Society, London (Clark, 1982). That review dealt with the environmental effects of such major oil spills or releases such as those by the tankers Torry Canyon (119,000 t) on the south coast of England, Metula (50-56,000 t) in the Straits of Magellan, Argo Merchant (26,000 t) off Cape Cod, and the super tanker Amoco Cadiz (223,000 t) on the coast of northern Brittany. Those spills were studied to determine their effect on living resources. In contrast there are few references on the impact of oil spills on pelagic fishery resources.

Simulated Economic Impact of TED Regulations on Selected Vessels in the Texas Shrimp Fishery

Shrimp fishermen trawling in the Gulf of Mexico and south Atlantic inadvertently capture and kill sea turtles which are classified as endangered species. Recent legislation requires the use of a Turtle Excluder Device(TED) which, when in place in the shrimp trawl, reduces sea turtle mortality. The impact of the TED on shrimp production is not known. This intermediate analysis of the TED regulations using an annual firm level simulation model indicated that the average Texas shrimp vessel had a low probability of being an economic success before regulations were enacted. An assumption that the TED regulations resulted in decreased production aggravated this condition and the change in Ending Net Worth and Net Present Value of Ending Net Worth before and after a TED was placed in the net was significant at the 5 percent level. However, the difference in the Internal Rate of Return for the TED and non-TED simulations was not significant unless the TED caused a substantial change in catch. This analysis did not allow for interactions between the fishermen in the shrimp industry, an assumption which could significantly alter the impact of TED use on the catch and earnings of the individual shrimp vessel.