Tuesday, April 13, 2010

Salmon costs, benefits

The definitive study on the existence value of salmon in the Northwest is Layton, Brown and Plummer (1999). For an increase in salmon returning to Puget Sound, they found values ranging from $200-$550 per fish. This does not include use values such as recreation and fishing, and is based on households in the Northwest only. Adjusting for inflation the high end gets a little over $700.

A recent state audit in Washington found expenditures by the state of $768 for each blackmouth chinook salmon caught in Puget Sound.

Looks like the current price of a whole salmon at Pike Place Market right now is $72.

A fishing trip with a charter company in Puget Sound right now costs $170.

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