FISHING ECONOMY There’s a literal liquid asset running through Southeastern Idaho, the Upper Snake River. A detailed study has been released that calculates the economic value of fishing and boating along the river.
Nightside reporter Sarah Dallof reports on exactly how much the river worth.
Brace yourself, one hundred (m) million dollars.
Half of that is strict income, money spent by visitors on equipment, guides, hotels and restaurants. The other 50 (m) million dollars is figured in benefits to anglers and boaters.
The University of Colorado and the University of Idaho worked together on the study.
They handed out booklets to people on the river, asking them to keep track of how much money they spent while visiting and where they spent it.
Their findings: the river is a valuable resource that should be protected.
Doctor John Loomis, a professor at Colorado State University, says this is one instance where the environment and a healthy economy easily go hand-in-hand.
“Sometimes we see this false dichotomy where we’re going to have a clean environment or a robust economy. This study shows having a good clean environment and a vibrant river is good for the economy as well.”
The value of the river rises with the water levels.
Ten percent more fish increases the number of trips fishermen take by about six percent. And that means more money flowing into the economy. It’s a win-win situation