Presentation on theme: "Northern e conomics Benefiting Alaska’s Economy: The Region II & III Recreational Stocking Programs May 11, 2004 Jonathan King, M.S. Presentation to Alaska."— Presentation transcript:
northern e conomics Benefiting Alaska’s Economy: The Region II & III Recreational Stocking Programs May 11, 2004 Jonathan King, M.S. Presentation to Alaska Department of Fish & Game CH2MHILL
northern e conomics Study Goals Provide an estimate of the yearly value to the Alaskan economy of ADF&G’s recreational hatchery stocking program for Regions II and III. Calculate the net present value of the stocking program over the next 20 years based on results from first part of the analysis.
northern e conomics Fast Facts 24 Region II Programs 12 Region III Programs More than 300 Distinct Bodies of Water 410,000 Angler Days Per Year 327,000 Hatchery Angler Days Per Year
northern e conomics Billion with a “B”
northern e conomics How Did We Get Here? In its simplest form we have a P*Q Question What is the value of fishing day? How many fishing days are there? Reality is much more complicated Please refer to the handout.
northern e conomics Key Assumptions Expenditures Per Fishing Day Percent of ADPY Attributed to Each Stocking Plan Non-Resident Portion of ADPY Multiplier Social Discount Rate
northern e conomics Region II Value by Program
northern e conomics Region II Days by Program
northern e conomics Region III Value by Program
northern e conomics Region III Days by Program
northern e conomics Value by Residency Type Average Estimated Non- Resident Effect 56% Average Estimated Resident Effect 44% $19.1 Million Per Year$15.1 Million Per Year
northern e conomics Days by Residency Type Resident Days 81% Non-Resident Days 19% 267,500 Days Per Year 61,600 Days Per Year
northern e conomics Value by Angler Category Resident Anadromous 24% $8.2 Million per Year Resident Non-Anadromous 20% $6.8 Million per year Non-Resident Non-Anadromous 5% $1.8 Million per Year Non-Resident Anadromous 51% $17.3 Million per Year
northern e conomics Days by Angler Category Resident Anadromous 39% 128,350 Days per Year Resident Non-Anadromous 43% 139,000 Days per Year Non-Resident Non-Anadromous 2% 8,150 Days per Year Non-Resident Anadromous 16% 53,500 Days per Year
northern e conomics What’s our grade? Stocking Days per Capita The hatchery program provides 0.5 Angling Days/Capita vs. 0.14 Days/Capita in Montana (1987). Value for the Dollar. Minnesota spends $2M per year & stocking accounts for 14% of the walleye harvest (2004). 10-14% of all angling days in state. Slightly higher percentage of resident days 4-9% of all angling expenditures in state.