Assessing the cost-effectiveness of a fish stocking program in a culture-based recreational fishery

Hunt, Taylor L., Scarborough, Helen, Giri, Khageswor, Douglas, John W. and Jones, Paul 2017, Assessing the cost-effectiveness of a fish stocking program in a culture-based recreational fishery, Fisheries research, vol. 186, no. Part 2, pp. 468-477, doi: 10.1016/j.fishres.2016.09.003.

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Title Assessing the cost-effectiveness of a fish stocking program in a culture-based recreational fishery
Author(s) Hunt, Taylor L.
Scarborough, HelenORCID iD for Scarborough, Helen
Giri, Khageswor
Douglas, John W.
Jones, PaulORCID iD for Jones, Paul
Journal name Fisheries research
Volume number 186
Issue number Part 2
Start page 468
End page 477
Total pages 10
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2017-02
ISSN 0165-7836
Keyword(s) economic
put-grow-take fishery
travel cost
Science & Technology
Life Sciences & Biomedicine
Summary Fish stocking is commonly used to enhance, create and maintain recreational fisheries that typically generate significant economic activity. As fish stocking can be highly popular with stakeholders and is often a large economic investment, it should be evaluated to ensure it provides adequate return and is an effective use of fisheries management funds. In this study we evaluated the cost-effectiveness of a fish stocking program for non-native salmonid species of brown trout, rainbow trout and Chinook salmon at Lake Purrumbete, south-western Victoria, Australia. As Lake Purrumbete has no natural recruitment of these stocked species, it is described as a culture-based or put-grow-and-take recreational fishery. The average annual cost of the stocking program between 2007 and 2014 was estimated at $86,646 (2014 $AUD) per year including aquaculture production and transport of fish to release. A stratified random angler creel survey between December 2013 and 2014 was used to estimate visitation to the stocked fishery at 5447 fishing days, with average observed angler expenditure of $72 per person per day and the percentage of anglers satisfied with their fishing experience at 76%. The observed economic expenditure (market value) associated with the stocking program was estimated to be $351,741 with a 1:4 cost-benefit ratio return on stocking investment. The additional willingness to pay, or non-market recreational value of the stocked fishery, was estimated using the travel cost method to be an additional $84 - $291 per person per day with a 1:5 to 1:16 cost-benefit ratio return on stocking investment. This study demonstrates that fish stocking can provide a substantial return on investment, yielding significant economic and social benefits, and we recommend evaluations be conducted independently for stocking programs to assist in the responsible management of resources, maximise our understanding and subsequent benefits.
Language eng
DOI 10.1016/j.fishres.2016.09.003
Field of Research 070403 Fisheries Management
0704 Fisheries Sciences
0502 Environmental Science And Management
0602 Ecology
Socio Economic Objective 970105 Expanding Knowledge in the Environmental Sciences
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2016, Elsevier
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