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
Main Authors Jones, Keithly G, Muhammad, Andrew, Neal, Sammy J, Hanson, Terrill R
Format Journal Article
LanguageEnglish
Published Northeastern Agricultural and Resource Economics Association 2010
SeriesAgricultural and Resource Economics Review
Subjects
catfish imports
demand
Demand and Price Analysis
Industries
International Relations
Livestock Production
simultaneous equations
supply
tariffs
Trade
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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.