Catfish farming added an average of 54 percent of total U.S. aquaculture production since 2010. However, the average contribution to total U.S. aquaculture farm-gate values averaged 26 percent during the past decade.
Catfish Farm-gate Values
The annual food size catfish sales averaged $352 million since 2010. Mississippi sold 54 percent of total farm-gate sales. The average farm-gate sales of food fish catfish rose during the past decade. Mississippi catfish farms' average farm-gate sales rose from $3,100 in 2010 to $5,800 per water acre in 2020.
Catfish farm-gate prices fluctuated from $0.78 per pound in 2010 to $1.14 per pound in 2016. The farm-gate price averaged $1.02 per pound since 2010. The standard deviation was $0.11 per pound with the coefficient of covariation was 11 percent.
The annual sales of commercial production of catfish 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. 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.
- Posadas, B.C. Commercial Catfish Production in the United States. Mississippi MarketMaker Newsletter, Vol. 7, No. 12, June 20, 2017.
Read more at http://coastal.msstate.edu/aquaculture-production