The 2020-21 hurricanes caused an estimated $579 million in damage to the fishing industry

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Lake Charles, LA (KPLC) – A recent study found that the 2020-2021 hurricanes caused an estimated $579 million in losses to Louisiana’s fishing industry, according to the Department of Wildlife and Conservation. Louisiana peach.

The following is from the Louisiana Department of Wildlife and Fisheries:

Hurricanes Laura, Delta, Zeta, and Ida, which swept across Louisiana at various times in 2020 and 2021, caused an estimated $579 million in losses to the state’s fishing infrastructure, revenue, and living resources, according to a Louisiana Department study. of Wildlife and Fisheries, LSU and Louisiana Sea Grant.

The study’s findings, released today, analyze monetary losses to fishing infrastructure (including vessels), gross sales or revenue, and resource losses for fish and oysters. The study also predicts financial losses that will continue through 2022.

Parishes included in the study include Acadia, Ascension, Assumption, Calcasieu, Cameron, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John, St. Martin, St. Mary, St. Tammany, Tangipahoa, Terrebonne and Vermilion.

The following is a breakdown of the categories of losses caused by damaging winds, rains and hurricane flooding.

The study found that the hurricanes caused $304 million in damage to fishing infrastructure. Of the damage, Hurricanes Laura, Delta, and Zeta in 2020 accounted for 30% and Hurricane Ida in 2021, 70%.

Wind was the main impact factor for all four storms, accounting for 85% of vessel damage, 80% for dealerships, 80% for processors, 89% for charters and 54% for marinas.

Revenue losses for 22 coastal parishes totaled $155 million: including $48 million for 2020; $66 million for 2021; and $40 million in expected loss carryforwards in 2022.

Resource losses are estimated at $118 million for 2020-21.

The findings are part of a survey titled: “Projected Losses of Infrastructure, Revenue, and Resources for Louisiana Fisheries from Hurricanes of 2020 and 2021.” The survey was conducted by the LDWF Bureau of Fisheries, the Agricultural Economics Department of the LSU Agricultural Center, and Louisiana Sea Grant.

The full study can be found HERE.

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