Keep ‘catch shares’ out of Gulf of Alaska fisheries

Catch shares, also known as rationalization, transfers fishery access rights away from the general public and into the hands of current stakeholders by dividing up the annual catch into shares, called quota, and granting lifetime rights to quota owners. Shares can be bought, sold and leased on a largely unregulated market and typically result in massive consolidation of ownership and a transfer of fishing rights away from active fishermen, who cannot compete with the larger investment community in the market for these capital assets. [email protected]  05:51