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Since 1990, Dr. Benedict C. Posadas has consistently developed and maintained the Mississippi State University (MSU), Coastal Research and Extension Center’s (CREC) extension and research (R&E) program in economics with an emphasis on the following major areas.

  1. Marine fisheries economics and marketing 
  2. Marine aquaculture economics and marketing  
  3. Horticulture economics and marketing 
  4. Economics of natural and technological disasters 

Economic Impacts of Coastal Hazards on the Mississippi Commercial Fisheries by Major Species, 2011-2021: 

Long-term data were compiled to develop economic recovery models (ERM) for the Mississippi commercial fisheries by major species. The economic recovery model attempts to explain the individual and joint effects of the recent natural and technological disasters, coastal hazards, output and input markets, environmental conditions, and regulatory and management strategies on the levels of commercial harvests and dockside values.

Economic Impacts of Prolonged Bonnet Carre Spill Opening on the Mississippi Oyster Fishery, 2011-2021: http://coastal.msstate.edu/oyster-bonnet-carre

Mississippi was in the process of restoring the public oyster reefs after H. Katrina and the DWH oil spill when the prolonged opening of the Bonnet Carre Spillway (BCS) in May to June 2011 resulted to massive oyster mortalities in the shellfish growing waters. The prolonged exposure to freshwater which caused massive mortalities of the oyster populations required restoration projects to enable the fishery to recover to its baseline status.

Upon the request of the Mississippi Department of Marine Resources, Dr. Posadas prepared an economic assessment in late 2011 to support the state’s application for a federal fisheries disaster declaration. Mississippi received $10,941,828 from the allocation that came after the Department of Commerce declared six fishery disasters in 2012 and 2013. Funds can be used for activities that will restore the fishery or prevent a similar failure in the future, and to assist a fishing community affected by such failure.”

The disaster economics publications and presentation of Dr. Posadas are listed in http://gomos.msstate.edu/gomospubs.html and http://gomos.msstate.edu/gomospres.html.

Economic Impacts of the Deepwater Horizon Oil Spill – 2010-2021: http://gomos.msstate.edu/

Dr. Posadas participated in the Natural Resource Damage Assessment associated with the explosion at the Deepwater Horizon (DWH) offshore oil rig in April 2010.  He was requested by the MDMR and the Mississippi Department of Environmental Quality (MDEQ) to represent the state of Mississippi in the Technical Working Group on the Human Use Impacts of the DWH oil spill from April 2010 to July 2015.

Dr. Posadas also served with the team of economists from four Mississippi universities who were mandated by the Mississippi Governor to conduct an assessment of the economic impacts of the DWH oil spill. The U.S. Economic Development Administration (EDA) provided funding for this project from 2010 to 2012. He evaluated the economic impacts of the technological disaster to the state marine industries.

The disaster economics publications and presentation of Dr. Posadas are listed in http://gomos.msstate.edu/gomospubs.html and http://gomos.msstate.edu/gomospres.html.

Economic Impacts of Natural Disasters – 2005-2021: http://coastal.msstate.edu/disaster

Dr. Posadas conducted economic assessments of the damages associated with natural disasters to the state marine fisheries and recreational fishing sectors. He was requested by the Mississippi Department of Marine Resources (MDMR) and NOAA Fisheries to conduct an economic assessment of the damages associated with Hurricane Katrina in August 2005. The combined damage assessments in all five states were used by the states through their legislative representations and federal endorsements to secure the allocation of federal disaster recovery funds amounting to $130 million.

The MDMR again requested his expertise in damage assessment after Hurricane Gustav in November 2008.

The disaster economics publications and presentation of Dr. Posadas are listed in http://gomos.msstate.edu/gomospubs.html and http://gomos.msstate.edu/gomospres.html.