Monthly Gulf of Mexico States Shrimp Ex-Vessel Prices from Jan 2013 to June 2018

The prices shown below are official data from NOAA Fisheries. The charts show the dockside prices of various shrimp products landed in the five Gulf of Mexico states from Jan. 2013 to June 2018.

The vertical or Y-axis shows the ex-vessel prices expressed in dollars per pound of headless shrimp. The ex-vessel prices of shrimp products in heads on forms are much lower than those reported prices. You need the yield ratio from heads on to headless forms in order to convert those prices.

The horizontal or X-axis shows the month and year the shrimp products were landed.

All prices are in dollars per pound. Penaeid species only, headless. The source of raw data is the NOAA Fisheries Service, Southeast Fisheries Science Center. The following legends are used: Eastern – Florida West Coast, Northern – Alabama, Mississippi, and Louisiana, and Western – Texas, and Count – the number of shrimps per pound.

shrimp-evp-Northernshrimp-evp-Westernshrimp-evp-Eastern

Advertisements

Monthly Gulf of Mexico States Shrimp Landings from June 1995 to June 2018

ShrimpLandingsMSJune

A total of 879,000 pounds (headless) of all shrimp species were landed in Mississippi in June 2018, which was 59 percent of the average landings since after the Gulf of Mexico oil spill. The annual shrimp landings in Mississippi since 2011 averaged 1.479 million pounds.

ShrimpLandingsALJune
About 1.578 million pounds (headless) of all shrimp species were landed in Alabama in June 2018, which was 15 percent more than the average landings since after the Gulf of Mexico oil spill. The annual shrimp landings in Alabama since 2011 averaged 1.376 million pounds.

ShrimpLandingsGulfJune

Around 10.428 million pounds (headless) of all shrimp species were landed in all five Gulf of Mexico states in June 2018, which was 28 percent less than the average landings since after the Gulf of Mexico oil spill. The annual shrimp landings in the entire Gulf region since 2011 averaged 14.386 million pounds.

Landings in thousand pounds (Penaied species only, headless). Source of raw data:  NOAA Fisheries Service, Southeast Fisheries Science Center. Legend: 0 – no landings or not sufficient dealers reporting.

Mississippi June shrimp landings lowest since after the oil spill!

The Mississippi Department of Marine Resources (http://www.dmr.ms.gov/) opened the shrimp season in MIssissippi on June 6, 2018. During opening day, officials of the DMR reported about 254 boats in the Mississippi Sound (http://www.wlox.com).

A total of 879,000 pounds (headless) of all shrimp species were landed in Mississippi in June 2018, which was 59 percent of the average landings since after the Gulf of Mexico oil spill. The annual shrimp landings in Mississippi since 2011 averaged 1.5 million pounds.

ShrimpLandingsMSJuneSource of raw data: NOAA Fisheries.

 

Economic contributions of commercial yellowtail snapper fishing

Yellowtail-Snapper2
Figure 1. Yellowtail snapper (Ocyurus chrysurus, Bloch, 1791). The photo was taken by Amanda E. Jefferson.

Commercial Landings

The long-term annual commercial yellowtail snapper landings in the Gulf of Mexico states are shown below. Since 2011, the Florida West Coast supplied 94.5% of the whole yellowtail snapper domestic landings averaging 2.0 million pounds and valued at $5.9 million annually. The Eastern Atlantic states provided the rest of the total domestic landings. Dockside prices of yellowtail snapper averaged about $3.00 per pound during the past six years.

Yellowtail-Snapper-Annual-Landings-GOM

Figure 2. Annual commercial yellowtail snapper landings in the Gulf of Mexico states. Source of raw data: NOAA Fisheries. Last visited: July 5, 2018. http://www.st.nmfs.noaa.gov/.

Economic Contributions

The economic contribution commercial yellowtail snapper fishing makes locally, region-wide, or nation-wide is crucial information in making private investment decisions, formulating government policy, and developing research and extension programs for the industry. The IMPLAN (http://implan.com/) software and the 2013 input-output data for the five Gulf States were used to estimate the economic contribution of commercial fishing to the Gulf of Mexico regional economy in 2016. The economic analysis used sector 17 or commercial fishing of the 2013 IMPLAN input-output data.

The annual commercial dockside values of yellowtail snapper in the Gulf of Mexico states in 2016 reached $6.9 million, which was 22.7% more than the average yearly dockside values in the region since 2011. The total output contribution of commercial Yellowtail snapper fishing in 2016 amounted to $13.2 million. The yellowtail snapper commercial fishing sustained 183 jobs and generated labor income amounting to $4.7 million in the Gulf regional economy.

The yellowtail snapper commercial fishing industry generates annual tax revenues for the Gulf States and the U.S. federal government. More than $800,000 was projected to have been paid by households and businesses in 2016 to the federal government as social insurance tax, tax on production and imports, corporate profit tax, and personal income tax. The Gulf States were anticipated to have collected taxes from households and businesses in 2016 amounting to almost $400,000 as social insurance tax, tax on production and imports, corporate profits tax, and personal tax.

How to Use Instagram Like a Millennial For Your Business — Marketo Marketing Blog

I am a millennial. And as such, I am fluent in social media. Social media is like a language you invent with your sibling that only the two of you speak and your parents barely understand. Everyone, even the smallest of businesses, has jumped on social media and attempted to utilize any channel they can…

via How to Use Instagram Like a Millennial For Your Business — Marketo Marketing Blog

Economic Contribution of Commercial Red Grouper Fishing in the Gulf of Mexico States

According to NOAA Fisheries (https://www.fisheries.noaa.gov/species/red-grouper), the red grouper (Epinephelus morio) fishery in the Gulf of Mexico is sustainably managed and responsibly harvested under U.S. regulations. Red-grouper-NOAA-Fisheries
Figure 1. Red grouper (Epinephelus morio). Also known as Grouper, Cherna americana, and Negre. Source: FishWatch (https://www.fishwatch.gov/profiles/red-grouper).

The species’ range extends from New England south to Florida and throughout the Gulf of Mexico and Caribbean. Like other grouper species, red grouper are protogynous hermaphrodites: they begin their lives as females, and some transform into males when they reach the ages of 7-15.

Commercial fishermen must have a permit to fish, land, or sell red grouper. Managers limit the number of available permits to control the number of fishermen harvesting red grouper. There are annual catch limits for red grouper for the commercial and recreational fisheries.

Commercial Landings

Figure 2 shows the commercial landings of red grouper from the Gulf of Mexico Region. Since 2011, the Gulf States supplied 98.3 % of the entire red grouper domestic landings averaging 5.8 million pounds and valued at $17.7 million annually. Florida West Coast is the largest producing state in the Gulf of Mexico, supplying 98.3% of all domestically-caught red grouper and almost all of the landings in the Gulf of Mexico region.

Red-Grouper-Annual-Landings-GOM
Figure 2. Annual commercial landings of red grouper in the Gulf of Mexico Region. Source of raw data: NOAA Fisheries (http://www.st.nmfs.noaa.gov/).

Fish Businesses Registered in MarketMaker

In 2016, the Gulf-wide commercial landings of red grouper reached 5.3 million pounds. This fish species was caught year-round with most of the landings occurring during the fall-spring months (Figure 3).

Red-Grouper-Monthly-Landings-GOM
Figure 3. Monthly distribution of commercial landings of red grouper in the Gulf of Mexico Region in 2016. Source of raw data: NOAA Fisheries (http://www.st.nmfs.noaa.gov/).

There are more than 100 fishing businesses, seafood processing plants, seafood and fish markets, and seafood restaurants registered in MarketMaker nationwide which harvest, process, sell, and serve grouper in the United States.

Click this LINK to view the search results online. Relevance, distance and alphabetically can be used to sort the online database of fishing businesses. You can also limit online searches by state, county, city or number of miles from a specified location, and type of business.

Economic Contributions of Commercial Fishing Industry

The economic contribution an industry makes locally, region-wide, nation-wide, or globally is crucial information in making private investment decisions, formulating government policy, and developing research and extension programs for the fishing industry. The IMPLAN (http://implan.com/) software and the 2013 input-output data for the five Gulf States were used to estimate the economic contribution of commercial fishing to the Gulf of Mexico regional economy in 2016. The economic analysis used sector 17 or commercial fishing of the 2013 IMPLAN input-output data.

The IMPLAN economic model estimates of the economic contributions regarding output or sales, employment or jobs, labor income, value added and tax revenues. The income, value-added, and output contributions are expressed in dollars for the year specified by the user. Output or sales are the gross sales by businesses within the economic region affected by an activity. Labor income includes personal income including wages and salaries and proprietors’ income or income from self-employment. Employment contributions are expressed in terms of a mix of both full-time and part-time jobs. Value-added is the contribution made to the value of seafood products at each stage of harvesting, processing, and distribution.

The total economic contribution is the sum of direct, indirect and induced effects. The direct effects express the economic impacts in the sector in which the expenditure was initially made. Indirect effects result from changes in the economic activity of other industrial sectors which supply goods or services to the commercial fishing industry. Induced effects are the product of personal consumption expenditures by industry employees.

The annual commercial dockside values of red grouper in the Gulf of Mexico Region in 2016 reached $17.8 million, which was 0.9% more than the average annual dockside values since 2011. The total output contribution of commercial red grouper fishing in 2016 amounted to $34 million (Figure 4). The red grouper commercial fishing created 473 jobs and generated labor income amounting to $12.2 million in the Gulf regional economy.

Red-Grouper-Gulf-economic-contribution
Figure 4. The total economic contribution includes direct, indirect and induced effects estimated by using 2016 annual landing values and 2013 IMPLAN data. The local purchases percentage was set to 100%. The number of jobs is rounded off.

The red grouper commercial fishing industry generates annual tax revenues for the Gulf States and the U.S. federal government. About $2.1 million was estimated to have been paid by households and businesses in 2016 to the federal government as social insurance tax, tax on production and imports, corporate profit tax, and personal income tax. The Gulf States were expected to have collected taxes from households and businesses in 2016 amounting to $1.0 million as social insurance tax, tax on production and imports, corporate profits tax, and personal tax.

For more information, go to Posadas, B.C. and A.E. Jefferson. Commercial Red Grouper Fishing in the Gulf of Mexico States Mississippi MarketMaker Newsletter, Vol. 8, No. 7, May 29, 2018. http://extension.msstate.edu/newsletters/mississippi-marketmaker.