Tuesday, March 5, 2013

Lobsters Economically


How much money do lobstermen make per year?

How much lobster lobstermen catch per year determines how much their salary is. Some days are better than others, but as going out daily on a boat in the middle of the ocean is exhausting work, it is always a disappointment when only a couple lobsters per trap are dragged in. The average lobster fishing salary, is $48,000. Factors that vary this number are company, location, industry, and benefits. 



How much does a lobster cost?

Lobster is a type of seafood that is very desirable and not relatively cheap. However, it is extremely tasty, healthy, and can be used in a variety of dishes such as soups, gumbos, salads, bisques, and pasta. Lobsters are most commonly purchased from grocery stores, seafood markets, or at restaurants. The price of a lobster is based on its size and type. On average in a grocery store a lobster is between $12 to $18 per pound. If a lobster is bought at a restaurant as a main dish, it is usually double the price as it has been delivered to the restaurant and then prepared for you.




How much lobster does Maine catch per year and how much money does it bring to the state?


In 2012, Maine caught 105 million pounds of lobster. Maine is the country’s largest producer of lobsters, catching 75-85% of clawed lobsters that are caught in the United states. Last year, the lobster industry of Maine brought $330 million dollars into the state, but the total economic impact on the state of Maine is $1.7 billion. The reason for this, is because every dollar paid for a lobster to a lobsterman is $3 to $5 in businesses such as dealers, processors, restaurants, stores, and bait suppliers. 





How does lobstering economically impact the United States?

Lobster economically impacts the United states in a positive way. In 1999 the United states caught 87,420,414 pounds of lobster which brought in $322,754,058. The U.S exported $315,889,000 in 2003. Each year more and more people become involved with catching and selling lobster. Over 25,000 lobster licenses are issued every single year. Since American lobster is ranked third on the seafood export list for the U.S, we make a lot of profit from it because there is such a high demand. Maine is responsible for 61% of landings followed by Massachusetts (18%), Rhode Island (7%), Connecticut (3%), New Hampshire (1%), and others (9%). 




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