Louisiana fishing industry loses $579 million after recent hurricanes, study finds

BATON ROUGE, La. (BRPROUD) – A study analyzing the economic impact of recent hurricanes on the state’s fishing industry found losses estimated at $579 million.

The study by the Louisiana Department of Wildlife and Fisheries (LDWF), LSU, and Louisiana Sea Grant focused on coastal damage from hurricanes Laura, Delta, Zeta, and Ida.

According to the study, financial losses to the fishing industry included fishing infrastructure (including vessels), gross sales or revenue, and resource losses for fish and oysters. The summary of the study by LDWF indicates that the losses will continue until 2022.

Hurricane-force winds were the leading cause of damage in all four storms, accounting for 80% or more of damage to ships, transformers, dealerships and charters.

Twenty-two parishes were included in the study. These parishes were 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. Damage to all affected parishes totaled $155 million in lost revenue, according to the study.

The fishing industry received $304 million in damages from the four storms, according to the study. The majority of the damage came from Hurricane Ida, which the study found was responsible for 70% of the damage.

The study reports that resource losses for 2020-2021 are estimated at $118 million.

To learn more about this study, Click here.