5 Revenue Summary

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primary_comm_gear_2022 observations mean_rev med_rev
Dredge_Scallop 29 868517 977446
Gillnet 10 118901 105544
Handgear 59 27652 11883
Longline 4 209393 200590
Pot/Trap 161 231293 146156
Seine 3 1152627 485335
Trawl 29 682953 560864
primary_comm_fmp_2022 observations mean_rev med_rev
Dogfish 3 38783 39611
Fluke, BSB, Scup 23 218322 30633
Groundfish 7 805092 509954
Herring 4 566151 628427
Highly Migratory Species 34 57812 11674
Lobster 153 228918 152084
Monkfish 3 97708 103366
Other 17 296188 17370
Scallop 28 898935 993348
Squid, Mackerel, Butterfish 9 886601 655814
Striped Bass 12 17665 5852
primary_gear_fmp_2022 observations mean_rev med_rev
Dredge_Scallop-Scallop 28 898935 993348
Gillnet-Monkfish 3 97708 103366
Gillnet-Other 7 127983 107722
Handgear-Fluke, BSB, Scup 8 22181 18744
Handgear-Highly Migratory Species 31 37666 10439
Handgear-Other 10 21511 12972
Handgear-Striped Bass 10 7129 3099
Longline-Highly Migratory Species 3 265987 361570
Pot/Trap-Fluke, BSB, Scup 6 126138 71851
Pot/Trap-Lobster 151 229281 152084
Pot/Trap-Other 4 464969 128301
Trawl-Fluke, BSB, Scup 9 454125 301830
Trawl-Groundfish 5 1063085 560864
Trawl-Other 7 347505 107355
Trawl-Squid, Mackerel, Butterfish 8 996320 729249

By primary gear, scallop dredge and trawl have mean and median values more than twice of those for other gear types. Pot/trap has the third highest median values, followed by gillnet and handgear. For pot/trap and trawl gear, mean values greatly exceed median values, indicating skewness in the distribution to the right. For scallop dredge, the opposite is true.

By FMP, scallop, squid/mackerel/butterfish, and groundfish have the highest mean revenues- all in the $800K-$900K range. The median value for scallop vessels is considerably higher however. A variety of primary species/fisheries are covered in the “Other” group including barracuda, bay scallop, cancer crab, eastern oyster, horseshoe crab, cutlassfish, king mackerel, menhaden, ribbonfish, shrimp, tautog, and whelk.

When primary gear and FMP are combined, trawl-groundfish has the highest mean revenue, while scallop dredge-scallop has the highest median revenue. Within primary gear types, a considerable difference in revenues is found across fisheries. For example, mean and median values for lobster pot/trap vessels are roughly twice those values for fluke, black sea bass, and scup pot/trap vessels. Squid trawl vessels also have more than twice the mean and median revenues than fluke, black sea bass, and scup trawl vessels.