Economic Impact of the Farm-Raised Catfish Industry on the Mississippi State Economy

Year:
2004
Journal:
Journal of Applied Aquaculture
Volume:
15, No. 1/2
Pages:
11 – 28
Author:
Hanson, Terrill R.;Dean, ;Spurlock,
Category:
Economics & Sociology,Aquaculture-General
Pub ID:
2117
Abstract:
The Mississippi catli sh industry began in the late 1960s and early 1970s. Employ ment, income, and inveslment stemming from the growth of the farm-raised catfish industry have been, and continue to be critical to the economic development of delta and eastern regions of
Mississippi. Estimates of total investment in catfish feed mills, farms, and processing plants were estimated to range from $600 to $700 million.
Farm-gate sales of catfish were $260 million in 2001. Direct effects of the Mississippi farm-raised catfish industry were estimated using primary and secondary data for the industry and indirect and induced effects were estimated using an IMPLAN input-output model using 2000 Mississippi data. The total impact (direct, indirect, and induced) of the Mississippi farm-raised catfish industry was estimated to be 10,760 employees, $208.25 million in income, and $342.33 in value added.
PDF File:
Economic Impact of the Farm-Raised Catfish Industry on the Mississippi State Economy.pdf

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