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.