Financial and economic profits in gillnet and seine fishing in Guimaras strait [Philippines] and adjacent waters
1995
Pestano, M.C.T. | Ferrer, A.J.G. | Subade, R. | Jusayan, J.
Financial and economic profitability indicators of 58 monitored seines and 121 monitored gillnets operating in Guimaras Strait and adjacent waters were estimated, analyzed and compared using data generated from the small pelagic study by Padilla et al. (1990). Results showed that seines, which were mostly commercial, were more highly dependent on capital investment than were gillnets, which were municipal in nature. Financial and economic analyses, however, showed that seines performed better than gillnets. All financial indicators showed higher values for seines. Estimation of pure profits showed positive profits for a unit of seine while pure loss was arrived at for a unit of gillnets. Results also showed that purse seine, hulbot-hulbot and modified baby purse seine are lucrative types of fishing compared to other types. This is based on the high estimated values of their financial and economic profitability indicators. The gillnetters' situation needs to be immediately addressed by the government. Trainings and workshops to develop the non-fishing skills of gillnetters must be conducted. Alternative livelihood which does not require large capital investment must be introduced in the area. Lastly, efforts must be made to limit and regulate commercial fishing vessels to restore higher sustainability of the fish stock in the area. Commercial vessels must be barred from encroaching into municipal waters, lest the economic plight of the small-scale gillnetters worsens
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