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Full-Text Articles in Physical Sciences and Mathematics
Economic Conditions For New Entrants In Coastal Fishing In Miyazaki Prefecture, Japan, Takahiro Sajiki, Yu-Heng Lu, Norie Nishiguchi, Sonomi Akamine, Masaharu Nishiguchi
Economic Conditions For New Entrants In Coastal Fishing In Miyazaki Prefecture, Japan, Takahiro Sajiki, Yu-Heng Lu, Norie Nishiguchi, Sonomi Akamine, Masaharu Nishiguchi
Journal of Marine Science and Technology
A significant decrease in the number of fishery workers is be-coming a problem in Japan. For new entrants to become estab-lished in the region, they must be profitable as fishing busi-nesses. Using the case of Miyazaki prefecture in Japan, this paper identifies the economic conditions required to make longline fishing and bottom gillnet fishing profitable by ap-plying the net present value (NPV) method. When operating on 200 days, which is the guideline for new entrants in longline fishing, if the value of investment is less than 44.1% of the minimum required, the investment will not provide positive returns. However, the …