IV-212 



Finfish and, to a lesser extent, crabs have a much lower income 

 elasticity. Thus, a growth rate of only two per cent has been 

 used in extending their values forward to the years cited in the 

 table. Again supply variation and/or changes in processing 

 methods can affect estimates. For example, an increased use of 

 fishery products as a source of protein for underdeveloped 

 countries would have an impact on the demand side. 



This material reinforces the contention that simple values of 

 fishery landings are a totally inadequate measure of the "true 

 value" of the fishery resources involved. Only by studying both 

 the values added in production and the income generated by the 

 income multiplier can a realistic estimate be made. 



TABLE IV. 3. 18 



PROJECTIONS OF THE ANNUAL VALUE OF APALACHICOLA 



ESTUARINE RELATED LANDINGS 1/ 



1/ Values are in terms of final retail values. 



