Commercial Catfish Production in the United States
Economic Contribution of Commercial Catfish Production
Economic impact analysis shows the economic contribution an industry makes locally, region-wide, nation-wide, or globally. This economic information is crucial in making private investment decisions, formulating government policy, and developing research and extension programs for the industry. The IMPLAN (http://implan.com/) software and the 2012 input-output data for the United States were used to estimate the economic contribution of commercial catfish production in the United States economy in 2016. The economic impact analysis used sector 14 or ‘animal production, except cattle and poultry and egg” of the 2012 IMPLAN input-output data. Due to the lack of reliable data, the contributions of catfish processing, wholesaling, and retailing to the United States economy are not included in the present analysis.
The annual commercial production catfish sales in the United States in 2016 reached $386 million, which is 7.2% higher than the average annual sales during the last five years. The total economic contribution of commercial catfish production in the United States in 2016 amounted to $871.1 million (Figure 1). Commercial catfish production created 8,004 jobs and generated labor income amounting to $211 million in the United States economy.
Commercial catfish production generates annual tax revenues for the producing states and the U.S. federal government. A total of $50.4 million were estimated to have been paid by households and businesses in 2016 to the federal government as social insurance tax, tax on production and imports, corporate profit tax, and personal income tax. The producing states were expected to have collected taxes from households and businesses in 2016 amounting to $16 million as social insurance tax, tax on production and imports, corporate profits tax, and personal tax.
Commercial Catfish Production
Figure 2 shows the commercial catfish production annual sales in the United States since 2010. A total of 60,790 water surface acres is currently being used in catfish production in the United States in 2017. About 56.6% of the total water surface acreage are in Mississippi, 24.7% are in Alabama, 8.2% are in Arkansas, and 3.1% are in Texas. The rest of the water surface acres used in catfish production are located in California, North Carolina, and other states.
Top Catfish Producing States
The top catfish-producing states are Mississippi, Alabama, Arkansas, and Texas, as shown in Figure 3. Other states growing catfish include California, North Carolina, and the Other States. The Other States include state estimates not shown and states suppressed due to disclosure.
Figure 3. Annual commercial production catfish sales in the United States by producing states in 2016. Source of raw data: USDA-Economics, Statistics, and Market Information System (http://usda.mannlib.cornell.edu).