/wp-content/uploads/2022/04/PSF-Logo-2022-min.png 0 0 PSF /wp-content/uploads/2022/04/PSF-Logo-2022-min.png PSF2021-10-20 18:33:382021-10-20 18:33:38Valuation of the Wild Salmon Economy of the Skeena River Watershed
Valuation of the Wild Salmon Economy of the Skeena River Watershed
- In November 2005, IBM Business Consulting was commissioned by the Northwest Institute to conduct a valuation of the wild Salmon economy of the Skeena River Watershed.
- All study numbers are non-multiplicative and represent only direct revenues to the regions. Multipliers and other indirect spin-off values have not been calculated.
- Based on a comprehensive review of existing data, 22 interviews with subject-matter experts, and a series of assumptions, IBM estimates that the wild Salmon economy of the Skeena River can be valued at approximately $109,987,0001 based on a 2004 base year and 4-year average revenue or revenue-equivalents.
- This sum consolidates revenue from multiple streams including: recreational tourism, sport-fishing, commercial harvesting, wholesale values, added-value processing, retailing, value to the First-Nations and Alaskan values.
- Alaskan values only include commercial landed value, wholesale value and added-value processing. Alaskan recreational angling, tourism and First Nations values have not been included.
- This sum does not include other sources of value arising from wild salmonids of the Skeena including in-migration or retention of residents, feed for wild-life, ecosystem-services and ‘existence value’.
1This figure is also a mid estimate with high and low sensitivity ranging from +/-21%.