283 results

Factors affecting the profitability of the Northern Territory Demersal fishery

Project number: 1999-371
Project Status:
Completed
Budget expenditure: $12,860.00
Principal Investigator: Ray Clarke
Organisation: Department of Agriculture and Fisheries (NT)
Project start/end date: 29 Jun 1999 - 14 Nov 2005
Contact:
FRDC

Need

In October 1998, key demersal fishers and NT Fisheries Division officers held a meeting to review the current knowledge and understanding of the Demersal Fishery and the areas of knowledge that are still required to assure its viable development. Participants identified two impediments to the expansion of the demersal fishery:

1. the inability to consistently supply fish to the market; and
2. catching fish at a profitable rate.

The variation in catch rates are substantial enough make the difference between profit and significant loss. Sensitivity analysis on projected catch rates and cost structures support the view that there is potential to achieve an adequate, if not attractive, level of profitability in the fishery with passive fishing methods (Cann, 1996). This work has shown that profitability is quite sensitive to catch rates and market prices, with a marginal increase in either prices or landings, making the difference between a profitable or uneconomical fishing operation.

There is no long-term trend apparent in the CPUE data, and fishers have presented a number of reasons why both seasonal and inter-annual catch rates are so variable. These include water temperature changes in concert with El Nino events, seismic surveys conducted by oil exploration companies and limited experimentation with a wider range of gear types. Further, there are other factors, which may affect profitability such as vessels used, operating costs, debt structure and training/skill of industry members. The meeting agreed that these and other issues must be formally addressed if the fishery is to develop further. It also identified a number of specific research projects (see B14).

Industry and government agreed that the best way address issues affecting profitability would be to employ relevant specialists to participate in a workshop with industry, researchers and managers. This was seen as the most effective way to exchange ideas, share experience, reach agreement on how to best improve profitability and identify what research is needed to improve industry viability.

Objectives

1. To examine factors affecting profitability in the Demersal Fishery
2. To increase industry awareness about how profitability in fishing operations may be improved
and
3. Determine and prioritise the principal areas for further research.
Environment
PROJECT NUMBER • 2017-175
PROJECT STATUS:
COMPLETED

Linking ecosystem services to the profitability of prawn fisheries linked to 2017-188

The FRDC Project 2017-175 Linking ecosystem services to the profitability of prawn fisheries delivered new methods, data and indicators to a case study on prawn fisheries in a broader project entitled Lifting farm gate profits: the role of natural capital accounts (RnD4Profit-16-03-003). This FRDC...
ORGANISATION:
CSIRO Land and Water Canberra
Industry
Industry
PROJECT NUMBER • 2008-900
PROJECT STATUS:
COMPLETED

Seafood CRC: improving profitability in the Western Rocklobster fishery using a rocklobster trap

This project investigated the efficiency of using different pot designs to increase the profitability of the Western Rocklobster fishery. The motivation for this study was a more efficient pot would reduce the number of pot hauls, and that this in turn would increase profitability of the fishery by...
ORGANISATION:
Western Rock Lobster Council Inc (WRLC)
Industry
Industry
Adoption
PROJECT NUMBER • 2020-102
PROJECT STATUS:
COMPLETED

A review of fisheries enhancement methods to promote profitability and sustainability in Australian fisheries

This document provides a systematic literature that encompassed projects from Australia and worldwide to identify sufficient data for analysis. This information was combined into a cost benefit analysis to compare the relative benefits and value of different enhancement...
ORGANISATION:
Department of Agriculture and Fisheries Brisbane

Reducing the environmental impacts and improving the profitability of prawn trawling through a structured framework of anterior gear modifications

Project number: 2011-010
Project Status:
Completed
Budget expenditure: $834,597.00
Principal Investigator: Matt K. Broadhurst
Organisation: Department of Primary Industries and Regional Development (NSW)
Project start/end date: 31 Aug 2011 - 30 Sep 2015
Contact:
FRDC

Need

Commercial in confidence. To know more about this project please contact FRDC.

Objectives

Commercial in confidence
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