TITLE:
Economic Impact of McNenny State Fish Hatchery, Spearfish, South Dakota, USA
AUTHORS:
Michael E. Barnes, Timothy Palmer
KEYWORDS:
Fish Hatchery, Economic Impact, Recreational Fishing
JOURNAL NAME:
Modern Economy,
Vol.10 No.6,
June
28,
2019
ABSTRACT: McNenny State Fish Hatchery, rural Spearfish, South
Dakota, USA produces trout and salmon for stocking into public recreational
fishing waters in South Dakota. Hatchery operations at McNenny are funded
solely by the sale of hunting and fishing licenses and an excise tax on fishing
equipment. This study evaluated the monetary contribution of hatchery
expenditures and fish production to the local economy of South Dakota for
calendar year 2017. The economic value of the
fish raised at McNenny State Fish Hatchery in 2017 was calculated to be
$6,609,576.03 USD. When added to the estimated McNenny share of angler
expenditures in the Black Hills National Forest, the total local monetary
impact of McNenny State Fish Hatchery operations and fish stocking was slightly
more than $22 million. Based on annual hatchery expenditures, McNenny
operations generated $51.68 of local economic output for every budgetary dollar
spent in 2017.