Seafood CRC: decision-support tools for economic optimisation of western rocklobster

Funding Activity

Website
https://www.frdc.com.au/project/2009-71410

Funding Status
Closed

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Funded Activity Summary

The western rocklobster fishery is facing significant economic pressure from the cost-price squeeze as well as reduced catches as a result of low puerulus settlement and resultant management changes. It is therefore important to undertake a bioeconomic assessment of the management strategies to ensure economic optimization of the fishery. As a result of the low puerulus settlement there have been significant reductions in fishing effort (ca. 50% in 2008/09) that are taking into account the economic aspects of the fishery eg MEY assessment and reducing the peak catches in March-April. The effort reductions have also been focused on periods of peak catches in December and March/April (4 days fishing allowed) compared to the non peak periods (5 days fishing allowed) to obtain some market benefits. The move of the fishery from an input control fishery to an output control fishery using ITQ for the 2010/11 season will also change the fishing strategy and hence cost structure of fishers which will affect the MEY assessment. It is important that an economic assessment is undertaken given this new strategy. The proposed use of the MEY in determining the target for the decision-rule framework for the management of the fishery means that it will be an integral part of the catch quota setting process each year.

Objectives:
1. To estimate the annual catch and effort to achieve optimum economic yield
2. To evaluate intra-annual market-based management strategies.
3. To evaluate the economic effect of current and proposed management changes.

Funded Activity Details

Start Date: 01-07-2010

End Date: 30-06-2013

Funding Scheme: Funding Scheme not available

Funding Amount: $169,398.91

Funder: Fisheries Research and Development Corporation

Research Topics

ANZSRC Field of Research (FoR)

There are no FoR codes available for this funding activity

ANZSRC Socio-Economic Objective (SEO)

There are no SEO codes available for this funding activity

Other Keywords

Aquaculture | Economic | Fisheries Management | Harvest Strategy | Marketing | RAC WA | Sustainability

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