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Group Title: Policy Brief Series - International Agricultural Trade and Policy Center. University of Florida ; no. 03-3
Title: Values associated with the Apalachicola Bay marine economy
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Permanent Link: http://ufdc.ufl.edu/UF00089759/00001
 Material Information
Title: Values associated with the Apalachicola Bay marine economy
Series Title: Policy Brief Series - International Agricultural Trade and Policy Center. University of Florida ; no. 03-3
Physical Description: Book
Language: English
Creator: Hodges, Alan W.
Adams, Charles
Publisher: International Agricultural Trade and Policy Center, Institute of Food and Agricultural Sciences, University of Florida
Institute of Food and Agricultural Sciences, University of Florida
Place of Publication: Gainesville, Fla.
Publication Date: 2003
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Bibliographic ID: UF00089759
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.

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PBTC 03-3


ional Agricultural Trade and Policy Center


VALUES ASSOCIATED WITH THE APALACHICOLA BAY MARINE
ECONOMY

By
Alan W. Hodges and Charles Adams


PBTC 03-3 March 2003

POLICY BRIEF SERIES


i~fr


UNIVERSITY OF
FLORIDA


Institute of Food and Agricultural Sciences









INTERNATIONAL AGRICULTURAL TRADE
AND POLICY CENTER


MISSION AND SCOPE: The International Agricultural Trade and Policy Center (IATPC) was
established in 1990 in the Food and Resource Economics Department (FRED) of the Institute of
Food and Agricultural Sciences (IFAS) at the University of Florida. Its mission is to provide
information, education, and research directed to immediate and long-term enhancement and
sustainability of international trade and natural resource use. Its scope includes not only trade
and related policy issues, but also agricultural, rural, resource, environmental, food, state,
national and international policies, regulations, and issues that influence trade and development.

OBJECTIVES:

The Center's objectives are to:

Serve as a university-wide focal point and resource base for research on international
agricultural trade and trade policy issues
Facilitate dissemination of agricultural trade related research results and publications
Encourage interaction between researchers, business and industry groups, state and
federal agencies, and policymakers in the examination and discussion of agricultural
trade policy questions
Provide support to initiatives that enable a better understanding of trade and policy
issues that impact the competitiveness of Florida and southeastern agriculture
specialty crops and livestock in the U.S. and international markets










VALUES ASSOCIATED WITH THE APALACHICOLA BAY MARINE
ECONOMY

Alan W. Hodges, PhD* and Charles Adams, PhD
University of Florida, Food & Resource Economics Department, Gainesville, FL 32611
*tel 352-392-1881 x312; email AWHodges@ufl.edu
March 24, 2003


Economic Characteristics of the Apalachicola Bay Region

The table below characterizes the economic structure and value of the Apalachicola Bay
region, including Gulf, Franklin, Liberty and Wakulla Counties. Total economic output in 1999
(expressed in year 2002 dollars), was $1.40 billion, with total employment of 17,336 jobs, and total
value-added personal and business net income of $859 million. The largest economic sectors were
manufacturing, services, finance/insurance/real estate, government, and construction, as is typical of
the Florida economy in general.


Output, Value Added and Employment of the Four County Area of Apalachicola Bay, Florida, by Major
Industry Group, 1999*
Industry Group Industry Employ- Employee Proprietor Other Indirect Total Value
Output ment (jobs) Compen- Income Property Business Added
station Income Tax
Agriculture 40.3 1,244.4 5.7 9.4 12.2 2.0 29.4
Iniii 0.3 7.5 0.1 0.0 0.1 0.0 0.2
Construction 179.4 1,668.2 36.8 10.1 4.5 1.0 52.3
I n.., t .. r.,u in 155.2 963.1 46.1 6.3 7.8 1.3 61.6
Trans., Com., Public Utilities 124.6 638.0 19.9 4.8 39.1 10.1 73.9
Trade 135.4 3,320.7 57.3 3.0 20.0 18.3 98.6
Finance, Insurance, Real Estate 364.0 1,175.4 82.8 7.4 135.5 27.9 253.6
Services 230.9 4,197.6 100.6 22.7 14.0 4.0 141.4
Government 167.9 3,936.5 130.9 0.0 15.7 0.0 146.6
Other 1.7 184.1 1.9 0.0 21 0.0 1.7
Totals 1,399.5 17,335.5 482.0 63.8 248.7 64.6 859.2
Millions of dollars (deflated 2002) except employment.
Source: Implan data for Florida counties, MIG, Inc., Stillwater, MN


Value and Economic Impact of Commercial Fisheries in the Apalachicola Bay Region

As an indication of the value of economic activity at risk due to disruption freshwater flows
to the Apalachicola Bay estuary, below are tables and charts showing the volume and value of
commercial fisheries landings at Apalachicola reported by National Marine Fisheries Service for
1980-2001. As is evident in the chart, landing volumes and values fluctuate considerably from year
to year. The average annual landings over the last past ten years were 7.3 million pounds, valued at
$12.2 million. The key commercial species harvested in the region during 2001 were oysters (2.5
million pounds) and shrimp (2 million pounds). The majority of oyster production in Florida (96" .
occurs in the Apalachicola Bay region. The economic activity generated by harvesting, processing,
and wholesale distribution of oysters and shrimp is an important source of economic activity in the










region.
The total economic impact of the seafood industry in the Apalachicola Bay region was
estimated based on the annual dockside value of seafood landings averaged over the past 10 years,
together with a regional economic model (Implan Pro) and base economic data for Florida counties
(MIG, Inc.). This model enables estimation of the indirect effects of input purchased from other
businesses, and induced consumer spending by industry employees, as well as the direct effect of
raw seafood sales. The total output impact was $22.7 million, the total value added impact was $17.4
million, and the total employment impact was 707 jobs.


Economic Impacts of Seafood Landings in the Apalachicola Bay
Region*
Impact Measure Direct Indirect Induced Total
Output ($1000") 13,695 1,203 7,833 22,731
Value Added ($1000*) 11,829 628 4,957 17,415
Employment (jobs) 575 16 117 707
Direct effect based on average value of landings during period 1991-2001,
expressed in year 2 '2 dollars.



Impact of Wildlife-Related Recreation in the Apalachicola Bay Region of Florida, 2000

As an indication of the recreational value of marine and other natural resources in the
Apalachicola Bay region, the following table summarizes the jobs, retail sales, total economic output,
and number of permits or visitors in the four counties of Franklin, Gulf, Liberty, and Wakulla for
year 2000, by type of recreational activity (hunting, freshwater fishing, saltwater fishing, wildlife
viewing). The total economic impacts of all activities in the region include 3,361 jobs, $140 million in
retail sales, $236 million in economic output, and 154 thousand visitors or permitted users. Saltwater
fishing was by far the most important activity, representing about 86 percent of the output impacts,
and Franklin County had the highest share of output impacts (40" i.


Impact of Wildlife-Related Recreation in the Apalachicola Bay Region of Florida, 2000, by Activity
and County, 2000
Activity Franklin Gulf Liberty Wakulla Total Four
Counties
Jobs Hunting 69 83 62 101 315
Freshwater Fishing 47 121 50 111 329
Saltwater Fishing 1,116 709 24 687 2,536
Wildlife Viewing 36 52 26 67 181
All Activities 1,268 965 162 966 3,361
Retail Sales Hunting 1,929 2,331 1,744 2,849 8,853
($1000) Freshwater Fishing 2,325 6,074 2,481 5,567 16,447
Saltwater Fishing 47,543 30,223 1,014 29,250 108,031
Wildlife Viewing 1,254 1,792 896 2,331 6,272
All Activities 53,052 40,421 6,134 39,997 139,604
Economic Hunting 2,076 2,509 1,876 3,066 9,528






































Commercial Fisheries Landings at
Apalachicola, FL, 1981-2001
Year Volume Value
(Millions Pounds) (Millions Dollars)
1981 12.0 12.3
1982 9.0 10.2
1983 10.8 14.1
1984 10.8 13.2
1985 10.0 12.4
1986 9.0 12.4
1987 10.5 13.8
1988 5.4 7.0
1989 5.8 7.8
1990 5.0 7.5
1991 5.8 11.6
1993 12.6 7.9
1994 8.3 22.4
1995 4.7 10.2
1996 6.5 14.1
1997 5.6 12.3
1998 6.4 10.7
1999 6.8 10.3
2000 10.3 11.4
2001 6.2 10.9
Source: National Marine Fisheries Service


Impact of Wildlife-Related Recreation in the Apalachicola Bay Region of Florida, 2000, by Activity
and County, 2000
Activity Franklin Gulf Liberty Wakulla Total Four
Counties
,Il !-h ir Fishing 2,498 6,526 2,665 5,981 17,670
Saltwater Fishing 88,783 56,441 1,894 54,622 201,739
Wildlife Viewing 1,324 1,892 946 2,461 6,623
All Activities 94,682 67,367 7,381 66,131 235,561
Number Hunting 1 2 1 2 6
Permits or Freshwater Fishing 3 7 4 7 22
Visitors Saltwater Fishing 49 31 1 30 112
(1000) Wildlife Viewing 3 4 2 6 14

All Activities 57 44 8 45 154
Source: David Harding (Fla. FWCC), Southwick & Associates, USFWS.
Note: County level data were estimated from 1996 USFWS survey of hunting, fishing and wildlife v ir.1hiii-,
restated in year 2000 dollars using the consumer price index, and adjusted for growth in county population and
number of permits. County data may have low reliability because the survey sampling was designed to provide
statistical estimates at the state level.
















Commercial Fisheries Landings at Apalachicola, FL, 1981-2001


10 1-


5 -


1981 1983 1985 1987 1989 1991 1994 1996 1998 2000

Source: National Marine Fisheries Service


15 ,
16

0
.2
10 =


2- Millions of Pounds

o Millions of Dollars




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