Source: UNIVERSITY OF FLORIDA submitted to
Sponsoring Institution
National Institute of Food and Agriculture
Project Status
Funding Source
Reporting Frequency
Accession No.
Grant No.
Project No.
Proposal No.
Multistate No.
Program Code
Project Start Date
Oct 1, 2009
Project End Date
Sep 30, 2014
Grant Year
Project Director
Valderrama, D.
Recipient Organization
BOX 100494, JHMHC
Performing Department
Food and Resource Economics
Non Technical Summary
Aquaculture and capture fisheries provide a significant source of protein and economic activity for people in the United States and other countries. In addition to pond, tank, cage, and raceway production, aquaculture broadly interacts with capture fisheries by providing hatchery raised fish and shellfish that are released into the wild to enhance or rebuild wild stock populations, thereby providing support for both commercial and recreational fisheries. Capture fisheries also interact with aquaculture products in exchange markets, regulatory environments, and economic development activities. The importance of the multifaceted relationship between aquaculture and capture fisheries suggests a need for reliable economic studies of these two critical resources, especially as management, regulatory, and market demands change over time. This proposed revision to multistate project W1004 outlines a study of the marketing, trade, and management issues found in various aquaculture and fishery resources. The research will focus on four interrelated areas: 1) marketing, niches and new products; 2) production for dynamic markets; 3) regulatory influences on sector development; and 4) assessing infrastructure and industry organization. Four cross-cutting themes integrate the project objectives: 1) analysis of emerging and innovative technologies; 2) roles of property and stakeholder rights, 3) spatial organization of management, markets and infrastructure; and 4) market coordination and integration. These themes represent an expanded focus compared to the previous W1004 project and will capitalize on the expertise of the anticipated broader participation in the project and the need to address important emerging issues. Conducting the proposed work within a multistate framework will facilitate the examination of important stakeholder issues by bringing together experts from across the country, thus avoiding duplication of effort in the design and implementation of research studies. Outcomes or projected Impacts: The multistate project is intended to enhance consumer and producer welfare of all involved stakeholders. More specifically, each project undertaken as part of the objectives is aimed at increasing the profitability of the U.S. capture fishery and aquaculture industries, either through improvement of management schemes for natural fishery resources or the optimization of production and marketing practices for all seafood products (wild and farm-raised). Different mechanisms will be used to communicate the results of this multistate project to all interested parties. The most important findings and recommendations will be presented in a special issue of Marine Resource Economics. In addition, special sessions will be organized in the following professional meetings: WAS (World Aquaculture Society), NAAFE (North American Association of Fisheries Economists), IIFET (International Institute of Fisheries Economics and Trade), and AAEA (American Agricultural Economics Association). Plans also include the development of a website and the publication of an edited book if the volume of generated information warrants it.
Animal Health Component
Research Effort Categories

Knowledge Area (KA)Subject of Investigation (SOI)Field of Science (FOS)Percent
Goals / Objectives
Objectives 1.Improve the development of seafood markets by focusing on analyses of new marketing themes, market niches, and alternative seafood products. 2.Enhance fishery and aquaculture production by developing decision support tools to integrate management and marketing. 3.Increase the organizational and institutional efficiency of the aquaculture and fishery sectors by analyzing the regulatory environment and developing ideas to support the sectors. Outputs The projects detailed in this proposal are designed to produce concrete results that will be delivered to clientele in various ways - through scientific conferences, publication outlets, and through extension and outreach programs in each of the participating states. In addition, the project proposes broader outputs that cut across numerous objectives and tasks: internet-based fisheries economics and management courses; case studies for fisheries analysis and education; and coordination with NOAA Sea Grant.
Project Methods
A number of tasks will be fulfilled within the context of each objective: Objective 1: Marketing, Niches, and New Products Task 1-3: Estimating the Interactions between Imported Aquaculture Products and Capture Fishery Products in the U.S. Seafood Market The primary focus of this task is to understand the extent to which imported aquaculture products interact with U.S. capture fisheries products in the U.S. seafood market. Two key questions exist: Will imports of aquaculture products - especially those from China eventually marginalize the U.S. capture fisheries products in the U.S. seafood market How much of a premium, if any, do U.S. captured fisheries products possess in the U.S. seafood market Answers to these questions will inform the capture fisheries industry as to how imported aquaculture species substitute for their products, and which strategies are needed for the U.S. capture fisheries industry to remain competitive in the current seafood market. Objective 2: Production for Dynamic Markets Task 2-2: Analyzing Emerging Community-based and Sector Management in the U.S. Fisheries Harvesters generally have better information about a fishery than do managers, and may achieve better management outcomes if incentives are correctly structured. This subproject seeks to understand the factors that lead to successful community-based management in complex multispecies fish stocks using the rockfish fishery pilot program in Alaska and the fluke fishery sector program in Rhode Island as examples. A key hypothesis of the study is that fishermen in these systems will operate more efficiently if they develop a set of institutions that correctly align incentives within the fishery. Objective 3: Regulatory Influences on Sector Development Task 3-1: Evaluate the Role of Regulatory Environments in Developing Co-dependence Between Aquaculture and Capture Fisheries The regulatory environment facing aquaculture in the U.S. directly influences the sector's growth and competitiveness. This task will explore the dominant regulations and institutions affecting aquaculture and determine how they can be adjusted to meet regulatory objectives without undermining aquaculture innovation and competitiveness. A survey of stakeholders (regulators, aquaculturists, environmentalist, and researchers) will be conducted to determine key constraints and expectations regarding the sustainability and future of the aquaculture sector in the U.S. Case studies of how the fisheries, environmental and other regulations have influenced the success of the aquaculture sector will be conducted.

Progress 10/01/11 to 09/30/12

OUTPUTS: The major output for the project was a rigurous economic analysis of cooperative fisheries management for the salmon sockeye fishery in Bristol Bay, Alaska. This research is a meaningful extension to previous work conducted by the author [Valderrama, D. and J.L. Anderson. 2010. Market interactions between aquaculture and common-property fisheries: recent evidence from the Bristol Bay sockeye salmon fishery in Alaska. Journal of Environmental Economics and Management 59:115-128] on the overall theme of how to improve economic management of commercial fisheries given growing competition with the global aquaculture sector. A manuscript summarizing the major findings of this research was submitted to the 2013 Special Issue of the Canadian Journal of Agricultural Economics on Applied Economic Analysis of Marine Resource Management Issues in the 21st Century. The manuscript was accepted in December 2012. Work also began on a project evaluating the economic feasibility of shellfish aquaculture undertaken by traditional fishing communities in the Colombian Caribbean. A manuscript on this subject will be prepared and submitted to Aquaculture Economics & Management before the end of the year. PARTICIPANTS: James L. Anderson, Fisheries and Aquaculture Adviser, The World Bank: junior author in the manuscript on economic management of the sockeye fishery in Bristol Bay, Alaska. University of Magdalena, Santa Marta, Colombia: partner institution in Colombia to evaluate the feasibility of shellfish aquaculture. TARGET AUDIENCES: Results from the research will be of interest to U.S. fishermen and fishery management agencies concerned with the poor economic performance of fisheries in the U.S. PROJECT MODIFICATIONS: Not relevant to this project.

The research on harvesting cooperatives in Bristol Bay, Alaska, is a valuable contribution to the current debate on the advantages of rights-based fisheries management over the traditional "top-down" management approaches based on limited entry and seasonal closure regulations. Specifically, this research quantified the economic gains that would result from allocating the total allowable catch in the drift gillnet sockeye fishery to a cooperative of fishermen, eventually eliminating the incentives to "race for the fish" that lead to rent dissipation. The research has also important management implications for other U.S. fisheries currently managed under limited entry or other forms of restricted access. Results will be presented in the upcoming 2013 NAAFE conference. The resulting manuscript is expected to be widely read among fishery economists and officers at fishery management agencies throughout Alaska and the U.S. The project on shellfish aquaculture in the Colombian Caribbean is also expected to generate valuable findings on the potential of aquaculture as a livelihood strategy in coastal communities historically reliant on overexploited fishing stocks. Although this research is being conducted in Colombia, it is expected to generate useful lessons applicable to other contexts/countries on the challenges associated with the transitioning from artisanal/commercial fishing to aquaculture.


  • Valderrama, D. and J.L. Anderson. 2013. Improving the economic management of the Bristol Bay (Alaska) sockeye salmon fishery in the age of aquaculture. Canadian Journal of Agricultural Economics.

Progress 10/01/10 to 09/30/11

OUTPUTS: Work on the project began with the outline of a manuscript to be submitted for inclusion in the 2013 Special Issue of the Canadian Journal of Agricultural Economics entitled "Applied Economic Analysis of Marine Resource Management Issues in the 21st Century". This manuscript is a meaningful extension to previous research conducted by the author [Valderrama, D. and J.L. Anderson. 2010. Market interactions between aquaculture and common-property fisheries: recent evidence from the Bristol Bay sockeye salmon fishery in Alaska. Journal of Environmental Economics and Management 59:115-128] on the topic of market interactions between the Alaskan salmon fisheries and the global salmon aquaculture industry. The manuscript will be completed by April 30, 2012. PARTICIPANTS: Not relevant to this project. TARGET AUDIENCES: Results from the research will be of interest to U.S. fishermen and fishery management agencies concerned with the low profitability of Alaskan salmon fisheries. PROJECT MODIFICATIONS: Nothing significant to report during this reporting period.

The proposed research is expected to have a meaningful impact as it quantifies the potential economic gains that could result from introducing alternative institutional arrangements (e.g. harvesting cooperatives) to the current limited-entry management schemes in Alaskan salmon fisheries. The research will provide substantial evidence in favor of rights-based management for U.S. fisheries. Results will be presented in the 2013 NAAFE conference.


  • No publications reported this period