Revenue

Northeast management objective

Optimize economic profitability

Revenue is listed, along with profits, among the benefits derived from fisheries under the Magnuson Stevens Act, and is an important management objective that contributes to sustainability of both human and natural systems, particularly when assessed with respect to profitability. To assess the state of commercial fisheries in the Northeast Large Marine Ecosystem (NE-LME), landings and subsequent revenue data are collected from commercial fisheries throughout the region. These economic data are analyzed and aggregated in a variety of different ways, including incorporation into socio-cultural and ecological analyses. Products from these analyses provide resource managers with insights into how management decisions can have impacts beyond those associated with individually managed/targeted species alone. Under MSA the economic efficiency of fisheries is subject to trade-offs with other sociological or ecological objectives, and these trade-offs are considered within the context of Integrated Ecosystem Assessments.

Read data on commercial seafood landings, recreational seafood landings, commerical fishery revenue change, and managed species total revenue indicators to see the status and trends of the revenue managemnet objective. To better understand the ecosystem components relevant to this management objectives see Human Activities.

Commercial fishing vessel docked at Point Judith, RI.
Commercial fishing vessels docked at Point Judith, RI. Credit: NEFSC/NOAA