8 Total Profit
| primary_comm_gear_2022 | observations | mean_tp | med_tp |
|---|---|---|---|
| Dredge_Scallop | 29 | 268938 | 139662 |
| Gillnet | 10 | -533 | -7706 |
| Handgear | 59 | -40588 | -16451 |
| Longline | 4 | -21732 | 59491 |
| Pot/Trap | 161 | -14471 | 5080 |
| Seine | 3 | 514762 | 48459 |
| Trawl | 29 | 177971 | 25990 |
| primary_comm_fmp_2022 | observations | mean_tp | med_tp |
|---|---|---|---|
| Dogfish | 3 | -25157 | -9039 |
| Fluke, BSB, Scup | 23 | 69079 | 3208 |
| Groundfish | 7 | 207441 | 39502 |
| Herring | 4 | -30795 | 197 |
| Highly Migratory Species | 34 | -51845 | -23306 |
| Lobster | 153 | -19203 | 2729 |
| Monkfish | 3 | -43883 | -49556 |
| Other | 17 | 68885 | -29837 |
| Scallop | 28 | 283314 | 164184 |
| Squid, Mackerel, Butterfish | 9 | 291065 | 168628 |
| Striped Bass | 12 | -2917 | -4400 |
| primary_gear_fmp_2022 | observations | mean_tp | med_tp |
|---|---|---|---|
| Dredge_Scallop-Scallop | 28 | 283314 | 164184 |
| Gillnet-Monkfish | 3 | -43883 | -49556 |
| Gillnet-Other | 7 | 18046 | -4526 |
| Handgear-Fluke, BSB, Scup | 8 | -16159 | -7673 |
| Handgear-Highly Migratory Species | 31 | -53892 | -25793 |
| Handgear-Other | 10 | -49959 | -22730 |
| Handgear-Striped Bass | 10 | -9521 | -7892 |
| Longline-Highly Migratory Species | 3 | -30702 | 113803 |
| Pot/Trap-Fluke, BSB, Scup | 6 | 46520 | 16861 |
| Pot/Trap-Lobster | 151 | -20153 | 2729 |
| Pot/Trap-Other | 4 | 108533 | -8706 |
| Trawl-Fluke, BSB, Scup | 9 | 159886 | 54527 |
| Trawl-Groundfish | 5 | 284823 | 39502 |
| Trawl-Other | 7 | -46364 | -29837 |
| Trawl-Squid, Mackerel, Butterfish | 8 | 327826 | 223535 |
By primary gear, scallop dredge has considerably higher mean and median total profit than other gear groups. Trawl has the second highest mean and median values. Gillnet, handgear, and pot/trap show negative mean profit while the median value is slightly positive for pot/trap.. For scallop dredge and trawl gear, mean values greatly exceed median values. For pot/trap the opposite is true.
By FMP, scallop and squid, mackerel butterfish have the highest mean and median total profits. By median values, the difference between these two fisheries and all other FMPs is considerable. Groundfish has the third highest mean and median values. The lobster fleet, representing over half of the total observations, shows limited median operating profit. The fluke black sea bass, scup fishery shows similar limited median operating profit as the lobster fishery. A considerable range of profits is evident in all fisheries, especially squid, mackerel, butterfish. These wide ranges are to be expected as some vessels have extensive repairs and/or upgrades during 2022 while other vessels may have incurred these costs in other years.
When primary gear and FMP are combined, trawl-squid, mackerel, butterfish, trawl-groundfish, and scallop dredge-scallop have the highest mean profits. Median values tell a different story, with trawl groundfish showing profits more similar to trawl vessels in the summer flounder, black sea bass, scup fishery. Within primary gear types, a considerable difference in operating profit is found across fisheries. For example, within the pot/trap gear group, summer flounder, black sea bass, scup vessels have higher profits compared to lobster. This is noteworthy as lobster vessels showed higher revenues than summer flounder, black sea bass, scup vessels. This example underscores the importance of cost data in evaluating the economic performance of fisheries.