The programmatic report will focus on the successes, failures, and key hurdles of the proposed program and detail the ability of the MREM program to meet proposed data collection and accountability objectives. The economic report will estimate the cost and benefit of expanding the scope of the MREM program, using a comprehensive data set from the first three years of the MREM program.
Our economic analysis will include five distinct components:
- Data collection.
- Current program cost calculations.
- Current program benefit calculations.
- Expanded program cost estimations.
- Expanded program benefit estimations.
To evaluate program costs in the current implementation of the MREM program, we will assemble information regarding the investment, operational, and maintenance costs of the EM systems born by each vessel and calculate the cost per vessel from this information. Fixed cost elements that are shared by all the vessels will be cross-checked against each other as well as against cost information retained by the program’s administrator, GMRI.
Program administration costs, as well as video review costs will also be included in the analysis. Additionally, we will collect sales and landings information from all MREM vessels throughout the course of their participation in the program. Because the MREM program requires vessels to land sub-legal sized groundfish, there is a potential to earn additional income from those catches, if they can be successfully sold. Based on the landings and sales information, we will estimate additional income gains from the sales of sub-legal landings to examine the potential economic benefits of the Maximized Retention protocol over other EM programs.
This project is generously supported with funding from the National Fish and Wildlife Foundation.
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