The Impact of Catfish Imports on the U.S. Wholesale and Farm Sectors

The primary objective of this study was to assess the impact of catfish imports and tariffs on the U.S. catfish industry, with particular focus on the U.S. International Trade Commission ruling on Vietnam in 2003. Given the importance of Vietnam to the U.S. catfish market, it was assumed that catfis...

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Bibliographic Details
Published inAgricultural and resource economics review Vol. 39; no. 3; pp. 429 - 441
Main Authors Muhammad, Andrew, Neal, Sammy J., Hanson, Terrill R., Jones, Keithly G.
Format Journal Article
LanguageEnglish
Published New York, US Cambridge University Press 01.10.2010
Subjects
Agricultural economics
Catfish
Contributed Papers
Fair market value
Imports
International trade
North American Free Trade Agreement
Prices
Seafood
Suppliers
Supply & demand
Tariffs
Wholesalers
simultaneous equations
catfish imports
supply
demand
tariffs
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Summary:The primary objective of this study was to assess the impact of catfish imports and tariffs on the U.S. catfish industry, with particular focus on the U.S. International Trade Commission ruling on Vietnam in 2003. Given the importance of Vietnam to the U.S. catfish market, it was assumed that catfish import prices would increase by 35 percent if the maximum tariff was imposed on catfish from Vietnam. With the tariff, domestic catfish prices at the wholesale level would increase by $0.06 per lb, and farm prices by $0.03 per lb. Processor sales would increase by 1.66 percent. Total welfare at the wholesale level would increase from $69.2 million to $71.7 million, an increase of about 3.63 percent, and processor and farm revenue would increase by 4.4 percent and 5.8 percent, respectively. These results represent the greatest possible benefit and suggest modest gains for the U.S. catfish industry.
ISSN:1068-2805
2372-2614
DOI:10.1017/S1068280500007425