Industry Analysis & Industry Trends
In the long term, the industry will benefit from measures taken to prevent overfishing, such as the license buyback scheme. This scheme will have broad ranging implications for industry revenue. It may reduce the number of establishments given the paucity of licenses, but it may also allow larger catches with fewer operators, increasing economies of scale and possibly make those companies that remain more profitable... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of fishing establishments depends largely on the availability of fishable waters. In America, this means locating on either coast or close to the Gulf of Mexico. As such, the West, New England and the Southeast form the top-three key areas for US commercial fishing. In particular, fisheries on the West Coast are expected to become increasingly import as other areas are overfished, depleted or have greater catch restrictions placed on them. In turn, the share of establishments, employment, revenue and catch volumes are expected to increase in the West during the next five years.
Running the length of the Pacific Coast, the West region accounts for about half of all industry establishments... purchase to read more