A Study Of The Economic Impact Of The Northern Territory Fishing Industry
Funder
Fisheries Research and Development Corporation
Summary
Objectives: 1. Investigate the economic impact of fishing on the Northern Territory economy through identification of the multiplier effects associated with the industry's existence
Case Study For Collection Of Economic Data On Commercial Fishing Linked To The National Framework
Funder
Fisheries Research and Development Corporation
Funding Amount
$317,622.00
Summary
Fisheries managers, industry and the community have identified that there is a paucity of economic data upon which major fisheries resource management decisions are made. The need for economic data clearly exists. For example: · Government decisions are required on cost recovery, multiple use of marine resources and impacts of coastal developments on fisheries; · Fisheries managers make decisions on adjustment, resource sharing, and management arrangements; · Fishers make decisions ....Fisheries managers, industry and the community have identified that there is a paucity of economic data upon which major fisheries resource management decisions are made. The need for economic data clearly exists. For example: · Government decisions are required on cost recovery, multiple use of marine resources and impacts of coastal developments on fisheries; · Fisheries managers make decisions on adjustment, resource sharing, and management arrangements; · Fishers make decisions on fishing operations, vessel maintenance, replacement and upgrades; and . Processors, boat builders and infrastructure providers make investment decisions.
Each State and Territory in order to meet the objectives of equity, community benefit and efficiency of the use of fisheries resources requires the following: · a financial and economic database of commercial fisheries and processors which is current; · economic indicators for general fisheries management planning; · economic information for structural adjustment of the commercial fishing fleet; and · economic information for resource allocation decision making.
In some jurisdictions the fishing industry, Governments and Fisheries Agencies, along with the community, understand and accept that there are too many commercial primary fishing authorisations available for harvesting Australia’s fisheries resources. Failure to reduce this excess fishing capacity, particularly in Queensland, may lead to deteriorating economics of the industry and unsustainable levels of fishing.
Most States are now beginning to consider/undertake serious adjustment programs. However no methodology has been developed to incorporate financial viability and socio-economic information into the adjustment process. Queensland has just put into place a major policy for the adjustment of the commercial fishing fleet and has set aside $5M for the implementation over three years. However, cost effective implementation which meets fisheries management objectives requires this economic information.
The Queensland Department of Primary Industries is prepared to partly fund a study to gain economic data on their fisheries. QFMA fisheries logbooks, as is the case in all States, do not contain the financial and economic data needed to understand the profitability and behaviour of the fleet. The information has to be collected independently of these logbooks. The project will quantify the economic and financial aspects of the catching and processing sectors of the fishing industry. The information obtained will lead to better decision making by industry and fisheries management. Objectives: 1. Identify the most effective means of determining: the financial performance of the Queensland commercial fishing fleet and processing sector; the state, regional and port economic impacts (output, income and employment) of fishing operations; and economic indicators which can be used for adjustment and management purposes.. 2. Apply the above framework to an economic assessment of Queensland's fisheries. Read moreRead less
Economic Impact Assessment Of FRDC's Annual RD&E Investments: A Three Year Procurement
Funder
Fisheries Research and Development Corporation
Funding Amount
$452,225.00
Summary
It is becoming increasingly important for Rural RDCs to continually monitor and evaluate the returns from RD&E investment, as government and industry require greater transparency and accountability of RD&E funds.
In addition to FRDC’s Statutory Funding Agreement requirements for valuing return on investment and use in its Annual Reports, impact assessments of FRDC’s RD&E investments are needed to inform: – Future investment decisions – CRRDC’s overall performance review of impac ....It is becoming increasingly important for Rural RDCs to continually monitor and evaluate the returns from RD&E investment, as government and industry require greater transparency and accountability of RD&E funds.
In addition to FRDC’s Statutory Funding Agreement requirements for valuing return on investment and use in its Annual Reports, impact assessments of FRDC’s RD&E investments are needed to inform: – Future investment decisions – CRRDC’s overall performance review of impact generated by RDCs – Levy payers and government of the performance of investments.
GHD understands that the project will comprise two key components: – An economic impact assessment of up to 20 research projects for the three-year period FY23/24, 24/25, and 25/26 – An individual and aggregated report of all assessed projects at the completion of assessments.
GHD notes that within this period the first five assessments for FY23/24 are required by June 2024 with the remainder of the projects, i.e. 10, due in September 2024. These assessments are required to be consistent with the CRRDC Guidelines for Impact Assessments. FRDC RD&E projects are to be assessed annually to meet Statutory Funding Agreement (SFA) requirements for valuing return on investment for use in FRDC’s Annual Reports and performance of FRDC’s investments. In conducting the impact assessment project it will be important to note that one of FRDC’s key responsibilities is to ensure that research to assist management of fisheries and aquaculture resources is being undertaken to maintain ongoing sustainability. While the primary focus of these benefit-cost analyses over time has been economic impact, with references to environmental and social implications where appropriate, FRDC is increasingly interested in understanding the impact of R&D investments on environmental, social, and economic aspects more holistically.
Objectives: 1. To inform FRDC's delivery of R&D Plans and future investment decisions 2. To provide information on the return of FRDC’s RD&E investment that can be used in FRDC’s annual reporting to the Australian Commonwealth 3. To contribute to populating the Evaluation Framework for FRDC reporting to DAFF under the current SFA agreement 4. To provide FRDC input to the overall performance assessment of the RDCs being compiled by CRRDC Read moreRead less
Tactical Research Fund: Development And Validation Of Effective And Affordable Oyster Production Systems In The Face Of POMS Disease Of Pacific Oysters And QX Disease Of Sydney Rock Oysters - Evaluation From A Production, Research And Economic Perspective
Funder
Fisheries Research and Development Corporation
Funding Amount
$25,000.00
Summary
After QX impacted oyster production in 2004, Broken Bay Oyster Association (BBOA) and encouraged by Government at all levels invested in new growing techniques with triploid pacific oysters. NSW DPI forecast 466 bags production by 09/10. by 10/11, BBOA produced 4569 bags - 10 times forecast and was the leading employer in the community and had resulted in an environmental cleanup of 8000 tonnes of rubbish removed. BBOA is today recognised and acknowledged nationally and internationally as an ico ....After QX impacted oyster production in 2004, Broken Bay Oyster Association (BBOA) and encouraged by Government at all levels invested in new growing techniques with triploid pacific oysters. NSW DPI forecast 466 bags production by 09/10. by 10/11, BBOA produced 4569 bags - 10 times forecast and was the leading employer in the community and had resulted in an environmental cleanup of 8000 tonnes of rubbish removed. BBOA is today recognised and acknowledged nationally and internationally as an iconic example of a phoenix industry – emerging from the ashes of disaster. Members became active internationally to understand the disease and possible ways of managing oyster farming in the face of this new threats and invested (in-kind and $$) in world leading research to develop management plans around disease.
Despite significant pro-active undertakings by BBOA & government, on 22/01/2013, POMS was confirmed in a major juvenile growing area in the HR. By 8/02/2013, POMS has been identified throughout the Hawkesbury, Patonga and Brisbane Waters estuaries. Oyster losses are extreme (99% death of juvenile oysters) and still unfolding. The disease speed of infection and level of devastation was unprecedented. Oyster businesses got minimal notice to handle or sell stock before it became un-saleable.
To move forward, BBOA recognises the need to work with stakeholders (researchers, administrators and other river citizens) to identify possible survival mechanisms for the oyster industry in the Hawkesbury. IMPORTANTLY, the combination of QX and POMS offers a unique opportunity for production solutions to be identified, analysed and costed as a planning tool for other as yet unaffected oyster production areas around Australia. The devastating speed of the disease has resulted in the total removal of cash flow from BBOA and limited their opportunity to respond with alternate production methods. Objectives: 1. Review current production and culture methods and possible alternatives as they relate to mitigating POMS. 2. Determine feasibility of alternative options through benefit cost analysis. 3. Review current administrative and regulatory barriers to change and methods to overcome them. Read moreRead less
Australian Fisheries Economic Statistics: Stage 1 Scoping Paper
Funder
Fisheries Research and Development Corporation
Funding Amount
$11,578.15
Summary
Objectives: 1. To develop options for an annual economic review and in doing so to assess its usefulness, feasibility, cost, and to determine who should pay
Evaluation Of R&D Projects Completed In Years Ending June 2016 To June 2020
Funder
Fisheries Research and Development Corporation
Funding Amount
$1,088,200.00
Summary
Annual Reporting FRDC needs to report the results of its impact assessments in its annual reporting to the Australian Government and other stakeholders. Hence, an impact assessment report based on completed projects is required by 30th June each year for the next five years. The first project assessments will refer to projects completed in the year ending 30th June 2016 and this first draft assessment report is required by 30th June 2017.
Reporting against the FRDC RD&E Plan 2015 ....Annual Reporting FRDC needs to report the results of its impact assessments in its annual reporting to the Australian Government and other stakeholders. Hence, an impact assessment report based on completed projects is required by 30th June each year for the next five years. The first project assessments will refer to projects completed in the year ending 30th June 2016 and this first draft assessment report is required by 30th June 2017.
Reporting against the FRDC RD&E Plan 2015-2020 and the Evaluation Framework Associated with the SFA The annual impact assessment reports will enable reporting against the current FRDC RD&E Plan, commencing with projects completed in the years ending 30th June 2016 and extending to those completed in the years ending June 2017, 2018, 2019 and 2020. The annual assessment reports are likely to be used for populating part of the Evaluation Framework required in the 2019 SFA reporting.
CRRDC Reporting Economic analysis is required to provide impact assessments from RDC investments across the 15 RDCs. Each RDC is contributing to this effort within a standard set of guidelines and a standard reporting framework. Valuation of these impacts, along with identification of investment expenditure, is required to demonstrate the RDCs contribution to Australian primary industry as well as any environmental and social benefits to Australia.
Objectives: 1. Provide a key input into FRDC’s assessment of its program performance regarding impact against its current RD&E plan (2015-2020) and inform future directions of investment 2. Provide information that can be used in FRDC annual reporting to the Australian Government; 3. Contribute to populating the Evaluation Framework for FRDC reporting to DAWR in 2019 under the current SFA agreement. 4. Provide FRDC’s input to an overall performance assessment of the RDCs being compiled by the CRRDC. Read moreRead less
Development Of An Independently Driven Production Reporting And Forecasting Survey For Australian Farmed Barramundi
Funder
Fisheries Research and Development Corporation
Funding Amount
$5,000.00
Summary
For many years the ABFA has been concerned that the industy's own production estimates and forcasts exceed official statisitics. Also, a lack of information about production capacity and production scheduling across the industry has resulted in supplies to market not being synchronised with demand. This has resulted in substantial variabiluity in seasonal price and availablity. This damages the quality brand being built for Australian farmed barramundi and the important attribute of far ....For many years the ABFA has been concerned that the industy's own production estimates and forcasts exceed official statisitics. Also, a lack of information about production capacity and production scheduling across the industry has resulted in supplies to market not being synchronised with demand. This has resulted in substantial variabiluity in seasonal price and availablity. This damages the quality brand being built for Australian farmed barramundi and the important attribute of farmed produce being consistancy of quality, supply and price. This project will supply industy particpants with essential information about likely production volumes and market supplies. the data will enablle farmers to better manage feed regimes, stocking and harvesting to take best advantage of market forecasts. Objectives: 1. Provide accurate data about production of Australian farmed barramundi 2. Provide independent and creditable data about likely future production, current and future stocking and harvest times for Australian farmed barramundi 3. Provide farmers with the capacity better to match production to forecast market conditions Read moreRead less
Objectives: 1. Identify need for economic data on the Aust fishing industry & its markets & deficiencies in data series presently available. Investigate how to obtain new data series & implement procedures to collect. Develop means of data storage & dissemination to use
Firstly it is imperative that the CRC is accountable for its expenditure and is able to measure any benefits derived against the triple bottom line. This involves collection of data at a macro level and estimating the impact of the CRC reserach on whole industry sectors.
Secondly, at a project level, there is a need to evalaute the impact of projects as they are completed to determine their effectiveness and efficiency. These s ....There is a need for this work at several levels.
Firstly it is imperative that the CRC is accountable for its expenditure and is able to measure any benefits derived against the triple bottom line. This involves collection of data at a macro level and estimating the impact of the CRC reserach on whole industry sectors.
Secondly, at a project level, there is a need to evalaute the impact of projects as they are completed to determine their effectiveness and efficiency. These studies will also provide data for the first need.
Thirdly there will be a need to analyse some project proposals to determine their potential return on investmenst, to assist in the project selection process.Read moreRead less