Australian fisheries economic indicators report 2015: financial and economic performance of the Northern Prawn Fishery
by
 
BATH Andrea

Title
Australian fisheries economic indicators report 2015: financial and economic performance of the Northern Prawn Fishery

Series
Australian Fisheries Surveys

Series Issue
December 2016

Publication Date
21/12/2016

Description
Overview This report presents results of the 2015 Northern Prawn Fishery survey, comprising survey based estimates of financial and economic performance for the 2012-13 and 2013-14 financial years, as well as non-survey based estimates of economic performance for the fishery in the 2014-15 financial year. Other indicators presented in the report include the total factor productivity index, input costs and ouput prices and management costs. The Australian fisheries economic indicators report expands on and takes the place of the former Australian fisheries surveys report. The information and analysis contained in these reports are accessed by policy makers, managers, researchers and industry. Alongside the usual detailed information about the financial performance of the average vessel and the overall economic performance of the fishery, this report also provides analysis of additional economic indicators for the Commonwealth Northern Prawn Fishery. The construction of these indicators draw upon the data collected through the fisheries survey program. Together with the financial and economic performance information, these indicators help to form a comprehensive picture of the economic performance of the Northern Prawn Fishery over a number of years. Key Issues * The report has found that profit at full equity, a profit indicator that assumes that all assets are fully owned by operators, increased for the average boat in the fishery between 2012-13 and 2013-14, from $239 066 to $382 939. * Net economic returns (NER) for the fishery rose from $5.2 million in 2012-13 to $12.3 million in 2013-14. The increase in NER from 2012-13 to 2013-14 was primarily driven by faster growth in fishing income than in fishing costs. The growth in fishing income was driven by increased landings of tiger prawns and banana prawns offsetting slightly lower beach prices for each. * The report indicates that total factor productivity (TFP) improved from 2004-05 to 2013-14. A strong relationship is evident between TFP and landed banana prawn catch, which is in turn largely dependent on seasonal conditions. Improved productivity also reflects the targeting of maximum economic yield (MEY) in the tiger prawn component of the fishery from 2004-05, effort reduction targets by management and the structural adjustment package (completed 2006-07) removing excess capital in the industry.

Resource URL Description
0 : Report - Australian fisheries economic indicators report 2015: financial and economic performance of the Northern Prawn Fishery - PDF [1.8 MB]
 
1 : Report - Australian fisheries economic indicators report 2015: financial and economic performance of the Northern Prawn Fishery - MS Word [1.5 MB]
 
2 : Supporting data tables - Australian fisheries economic indicators report 2015: financial and economic performance of the Northern Prawn Fishery - MS Excel [0.07 MB]

Resource URL
1027166

Publisher
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture

Author
BATH Andrea
 
GREEN Richard

Right Management
Use constraints: copyright
 
Other constraints: Licence base:Copyright
 
Other constraints: Licence type:Creative Commons Attribution 3.0 Australian Licence (CC By)
 
Other constraints: Ownership of intellectual property rights: Unless otherwise noted, copyright (and any other intellectual property rights, if any) in this publication is owned by the Commonwealth of Australia (referred to as the Commonwealth). Creative Commons licence: All material in this publication is licensed under a Creative Commons Attribution 3.0 Australia Licence, save for content supplied by third parties, logos and the Commonwealth Coat of Arms.
 
Other constraints: This publication (and any material sourced from it) should be attributed as: Bath, A & Green, R 2016, Australian fisheries economic indicators report 2015: financial and economic performance of the Northern Prawn Fishery, Australian Bureau of Agricultural and Research Economics and Sciences, Canberra, December. CC BY 3.0

Identifier
ISBN 978-1-74323-322-1
 
ISSN 2204-9444

Asset Name
pb_afsnpd9abme20161221