An Example Of An Indirect Cash Flow Effect Would Be Economic Impact Of Sportfishing

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Economic Impact Of Sportfishing

As anglers, I doubt we even realize the impact we have on our nation’s economy. We hope this gives you some insight into the positive cash flow we generate by doing only what we are so passionate about.

I have designed several websites for tournament anglers in the past and in the process I wanted to collect data to present to potential supporters and sponsors to introduce them to influence and participation. I recently “rediscovered” this information and thought you might find it interesting. So below are some of the numbers I’ve gathered from various sources that paint a pretty good picture of how fishing has evolved into a national money making past time.

Right now, the only ripple your fishing friend is interested in is the one the fish makes as it surfaces at the end of the line. But all around, money spent on equipment, boat gas, and film to capture the one that didn’t get away has a huge, positive effect on the economy. On average, an angler spends more than $1,200 each year on this sport. Hidden, but no less real, is a multiplier factor that effectively triples what you spend as the initial outlay rolls through the economy. Let’s take for example the 10 dollars that the fisherman took for a new lure. It spreads outward just like the waves that are created after the bait hits the water. That income helps the store owner pay rent, bills and employees. These individuals then use some of that money for other goods and services, and the ripple effect continues to spread and repeat itself. Sure, ten dollars isn’t very significant on its own, but when 44 million anglers spend $41.5 billion a year, the result in jobs, wages and other economic impacts is a remarkable pillar of America’s economic health. More focused on catching fish on the end of a line, your typical angler gives little thought to how his hobby helps his fellow Americans provide rich benefits. The 1.1 million jobs, $7.3 billion in tax revenue and $30 billion in wages generated by recreational fishing are many times greater than those created by corporate giants like Ford, Microsoft or Nike. Generating more than $116 billion in total production, this extremely simple activity of dipping a line into the water provides nine times the economic benefit of commercial fishing. ‘

“I love fishing because it’s totally relaxing. I love the water. I can concentrate and forget all my worries. I count my blessings when I’m fishing.’ George Bush, President.”

44.4 million Americans age 7 and older fish2 (An estimated 50 million fish include all age groups). One out of every six US residents aged 16 and over fishes. 1 25 percent of American males fish and 8 percent of American females fish. 1 Excluding those who fished the Great Lakes, freshwater anglers make up 82 percent of all anglers. Fishermen spend an average of 16 days fishing and go on an average of 13 fishing trips a year. In 2001, anglers aged 16 and older had 365 million freshwater fishing trips totaling 467 million days. Including sea fishermen, 437 million fishing trips were made for a total duration of 557 million days. From 1991 to 1996, freshwater fishing days increased by 13 percent. The average number of freshwater fishing days per angler increased from 14.3 in 1991 to 16.7 in 1996. Between 1980 and 1995, the number of Americans fishing increased by 16 percent. Southerners accounted for the largest increase in fishing (21 percent) in the United States between 1980 and 1995. The number of males fishing increased by 14 percent from 1980 to 1995.

Popularity:

Fishing is the fourth most popular sport in the country. It is located in front of cycling, bowling, basketball, golf, jogging, baseball, softball, soccer, volleyball, tennis, soccer and skiing. Only walks, swimming and camping are more popular. More Americans fish than play golf and tennis combined. Americans fish more than they play football and basketball. The number of young people aged 12 to 17 engaged in freshwater fishing has increased by 10.9 percent since 1991 to 4.5 million. During the same period, the number of 12- to 17-year-olds playing baseball decreased by 15.4 percent to 4 million. Participation in basketball, softball, tennis and volleyball fell between 2 and 46 percent. Fishing is the 2nd most popular outdoor water sport in the United States. Swimming takes the 1st place. Freshwater fishing is one of the top five sports in 7 states. Fishing in general (freshwater and saltwater) is one of the top five sports to participate in in 18 states. Fishing is the #1 sport to participate in in Minnesota, Florida, New Jersey and North Carolina.

Women and minorities:

11.9 million women age 7 and older fish. That’s more than the number who participate in jogging, basketball, volleyball, softball, golf or tennis. Freshwater fishing is the 10th most popular sport among women. 2 26.8 percent of all anglers are women 2 (representing 8 percent of the US female population). 5 percent of all anglers are black (representing 7 percent of the black population). 5 percent of all anglers are Hispanic (representing 7 percent of the Hispanic population). The number of women fishing increased 19 percent from 1980 to 1995, compared to 14 percent for men. The region that experienced the greatest increase in the number of females in fishing is the Northeast. Women spend an average of $246 per year on fishing-related expenses and $70 per year on fishing equipment, for a total of $3 billion. Hispanic men fish at lower rates than African Americans and women, but spend more money on average – $434 per angler for travel and $154 for gear. Latin Americans spend a total of $696 million annually on fishing and equipment. Fishing equipment expenditures among African-American anglers increased 43 percent between 1991 and 1996. African-American anglers spend an average of $324 per year on fishing-related expenses and $128 per year on fishing equipment for a total of $814 million. African American anglers spend more days fishing (22 vs. 18) and take more trips (18 vs. 14), on average, than all anglers. 64 percent of African American anglers live in the South compared to 39 percent of all anglers. 43 percent of female fishermen live in the south. 16 percent of African-American anglers live in the Midwest. 26 percent of female fishermen live in the Midwest. 43 percent of Latin American anglers live in the South. 38 percent of Hispanic anglers live in the West compared to 20 percent of all anglers. The number of days African-American anglers caught fish increased 72 percent between 1991 and 1996, compared to 22 percent for all anglers. The number of days fished by female anglers increased by 15 percent between 1991 and 1996. The number of days fished by Latin American anglers remained unchanged between 1991 and 1996, but the cost of fishing trips increased by 50 percent during the same period. 1.9 million people with disabilities aged 16 and over took 33 million fishing trips in 2001, catching fish on 41 million days.

Why do people hunt fish:

33 percent of fishermen fish for relaxation. 25 percent of anglers catch fish as a way to spend time with family and friends. 65 percent of non-fishers and 88 percent of fishermen say that their child would encourage them to fish or that they would be encouraged to fish more often if their child asked them.

What people hunt and where they hunt:

Bass fishing is the most popular type of fishing in the United States. 38 percent of all freshwater anglers in the United States fish for bass. 28 percent of freshwater anglers catch trout. 28 percent of freshwater anglers catch fish. 27 percent of freshwater anglers catch catfish. Bass are claimed on 36 percent of all freshwater fishing days. 92 percent of freshwater anglers fish in the state where they live. 23 percent of freshwater anglers fish out of state. 85 percent of freshwater anglers fish flatwater, including ponds, lakes and reservoirs. 44 percent of freshwater anglers fish rivers and streams.

American anglers by age group:

17 percent of young people aged 16 to 17 fish, which is 4 percent of all anglers. 13 percent of young people aged 18 to 24 fish, which is 9 percent of all fishermen. 19 percent of people aged 25 to 34 engage in fishing, which makes up 19 percent of all fishermen. Fishing is practiced by 21 percent of people aged 35 to 44, which is 27 percent of all fishermen. Fishing is practiced by 17 percent of people aged 45 to 54, which is 20 percent of all fishermen. Fishing is practiced by 16 percent of people aged 55 to 64, which is 12 percent of all fishermen. 8 percent of people over 65 fish, which is 9 percent of all anglers. Fishing among 35- to 44-year-olds increased 60 percent between 1980 and 1995. It was the largest increase of any group.

Economic effect of fishing:

In 2001, anglers spent $35.6 billion to pursue their sport. They spent $14.7 billion on fishing trips, $17 billion on equipment, and $4 billion on licenses, stamps, land leases and ownership, membership fees and contributions, and magazines. 1 If hypothetically ranked as a corporation, this revenue figure would place sport fishing at number 32 on the 2002 Fortune 500 list of the largest US companies. The total economic output generated by freshwater fisheries in 2001 exceeded $74 billion, including the impact on retailers, suppliers of goods and services to retailers, wholesalers and manufacturers, plus indirect and induced impacts arising from these activities. Including saltwater fishing, economic output reached $116 billion. The average angler has $1,046 in fishing-related expenses. Freshwater fishing expenses in 2001 generated more than $19.4 billion in wages. Including marine fishing, wages were $30.1 billion (a 23 percent increase since 1991). There are 683,892 full-time jobs due to freshwater fisheries. Including saltwater fishing, the total exceeds one million (up 16 percent from 1991). $2.07 billion was spent on fishing tackle in 2001. Fishing tackle ranks 4th in terms of consumer spending on non-team sports equipment. Golf equipment comes first, followed by exercise equipment and hunting firearms. Florida anglers spend more than $4 billion a year on fishing and related equipment. Fishermen from California and Texas spend more than $2 billion. Costs to anglers exceed $1 billion in Michigan, Minnesota, New York, North Carolina and Wisconsin.

Economic effect of fishing:

US Department of the Interior, Fish and Wildlife Service, and US Department of Commerce, Bureau of the Census. 2001 National Survey of Fishing, Hunting, and Wildlife-Related Recreation. National Sporting Goods Association. Sports participation in the 2001 Future of Fishing Project by Responsive Management of Harrisonburg, Va. American Sport Fishing Association. Demographics and Economic Impact of Sport Fishing in the United States 2001. Participation and Consumption Patterns of African American, Hispanic, and Female Hunters and Anglers. Supplement to the 1996 National Survey of Fishing, Hunting, and Wildlife-Related Recreation U.S. Bass Fishing Supplement to the 1996 National Survey of Fishing, Hunting, and Wildlife-Related Recreation 1980-1995 Participation in Fishing, Hunting, and Game Viewing. National and regional demographic trends. Sport Fish and Wildlife Restoration website, restorewildlife.org.

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