Restoring Oysters Makes Economic Sense
NAGS HEAD, NC – Restoring North Carolina’s oyster populations makes good economic sense according to a report commissioned by the NC Aquariums’ Oyster Hatchery Program (OHP).
Hatchery-based restoration relies on raising billions of oysters in state-constructed facilities to carryout large-scale projects. Ultimately, the OHP goal is to restore 67-167 acres of oyster reef annually. If harvested, the value of these oysters is estimated at $3.4 million. Even greater economic benefits could result from the return of ecosystem services such as water filtration, increased fish production and shoreline stabilization.
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Nature Conservancy volunteers conduct small-scale oyster restoration behind Bodie Island. Michael Halminski
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“While oysters can be harvested only once, the services provided by restored reefs accrue steadily increasing financial benefits,” said Mike Remige, OHP Planning Coordinator. “Within five years, the area of restored oyster reef is likely providing between $2-5 million worth of services.”
The Aquariums and their OHP partners have recommended construction of three state-supported facilities to address production, research and education needs. Hatchery-raised oysters will support and expand the N.C. Division of Marine Fisheries restoration and sanctuary programs.
“Based on projected annual operating costs, the hatchery program break-even point occurs in two to five years, while the harvest break-even point takes three to nine years,” summarized Remige.
The OHP was established by legislative initiative in 2005 in response to declining oyster harvests, and is spearheaded by the North Carolina Aquariums. The native Eastern oyster is a valuable natural resource that filters water, provides food, and vital fish habitat. For more information, visit www.ncoysters.net.
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