| Abstract/Description or Keywords |
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'. |
