TITLE:
Economic Impact of Cleghorn Springs State Fish Hatchery, Rapid City, South Dakota, USA
AUTHORS:
Shaylee Martling, Brian Fletcher, Michael E. Barnes
KEYWORDS:
Fish Hatchery, Economic Impact, Recreational Fishing
JOURNAL NAME:
Modern Economy,
Vol.11 No.7,
July
22,
2020
ABSTRACT: Cleghorn Springs State Fish Hatchery, Rapid City,
South Dakota, USA is a public fish hatchery producing trout and salmon for
recreational angling in South Dakota. Funding for the hatchery comes from an
excise tax on fishing equipment and the sale of hunting and fishing licenses.
This study is an assessment of the local economic effect of hatchery
expenditures and fish production for 2019. Fish reared at Cleghorn Springs
State Fish Hatchery in 2019 had a calculated total economic impact value of
$5,105,825.89. This value was added to Cleghorn Springs estimated share of
angler expenditures in the Black Hills National Forest, increasing the total
local monetary impact to $89,405,101.86. Cleghorn Springs State Fish Hatchery
generated $171.93 of local economic output per budgetary dollar spent in 2019.