Potential economic benefits from sablefish farming in British Columbia |
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| Authors: | Ussif Rashid Sumaila John Volpe Yajie Liu |
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| Institution: | 1. Fisheries Economics Research Unit, Fisheries Centre, The University of British Columbia, 2202 Main Mall, Vancouver, BC, Canada V6T 1Z4;2. School of Environmental Studies, The University of Victoria, P.O. Box 1700, Victoria, BC, Canada V8W 2Y2 |
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| Abstract: | We present in this paper results of an analysis of the potential economic contribution of sablefish farming in British Columbia (BC). This is necessary because a BC sablefish hatchery has recently begun production of juvenile sablefish for grow-out in marine net pens. The production from this single hatchery is anticipated to effectively support sablefish production that will match the entire current BC sablefish capture fishery. Two key questions we address are, how will net benefits (added value) to BC from the sablefish sector be affected if (i) BC and the rest of the world engage in sablefish farming, and (ii) BC bans sablefish farming while the rest of the world does not. We find that at low BC aquaculture production levels, small economic gains are possible. However, gains quickly disappear as production increases towards anticipated levels. A sablefish-farming ban in BC could be beneficial to the province and Canada if BC wild sablefish landings command a price premium of at least 20–25%. |
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| Keywords: | Sablefish aquaculture Externalities Wild sablefish fisheries Net economic benefits |
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