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Research Publications: UM-SG-RS-2008-23
Title:
Economic benefits of a restored oyster fishery in Chesapeake Bay.Year:
2008Authors:
Lipton, DSource:
Journal of Shellfish Research 27 ( 3 ) : 619 - 623DOI:
10.2983/0730-8000(2008)27[619:EBOARO]2.0.CO;2Abstract:
A simple reduced form inverse demand model is used to determine the price flexibility of Chesapeake Bay oyster production when other producing regions of the United States have their oyster production held at average levels for 2002 to 2006. With the current reduced state of oyster demand compared with earlier periods, a restored Chesapeake oyster fishery that could sustain annual harvests of 4.9 million bushels would result in a predicted price that is significantly lower than the minimum observed from 1950 to 2006 and presumed to be unprofitable. A survey of oyster industry participants suggests that an equilibrium price is more likely to be around $20.06 per bushel. Using the inverse demand model, the predicted level of production is about 3.2 million bushels. Industry members believe that a restored industry, based on Crassostrea ariakensis, would have a greater percentage of oysters going to the shucked market compared with Crassostrea virginica.Maryland Sea Grant Topic(s):
'Related Research Project(s)' link to details about research projects funded by Maryland Sea Grant that led to this publication. These details may include other impacts and accomplishments resulting from the research.
'Maryland Sea Grant Topic(s)' links to related pages on the Maryland Sea Grant website.
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Featured Fellow
Leone Yisrael is a cephalopod-loving scuba diver, cook, and loves to try new activities. She conducts genetic analysis and fieldwork at the Smithsonian Environmental Research Center through the Coastal Disease Ecology Lab.
Featured Research Project
Developing a habitat model for mysids, an important link in Chesapeake Bay food webs
Mysids are important mesozooplankton prey for many species of fish in Chesapeake Bay and are an important link in transferring energy from lower to upper trophic levels. Mysids also serve as biological vectors for benthic-pelagic coupling due to their diel vertical migration and omnivorous prey-switching behavior, which makes mysids important regulators of food web architecture. Despite their central role in coastal food webs, surprisingly little is known about mysid ecology and dynamics in Chesapeake Bay.
