Ilwaco CFA meeting – Out-of-region experts from Cape Cod explain a new path for fisheries

AR-160419891.jpg&MaxW=600Ed Backus of Collaborative Fisheries Associates said there is no cookie-cutter approach to CFAs and similar entities like fishing-quota banks. Pointing to organizations in California and Massachusetts, Backus said CFAs can be tailored to different fisheries and goals. Presenting talks at the Ilwaco CFA meeting were Paul Parker, director of Cape Cod Commercial Fishermen’s Alliance, and Capt. Jeremiah O’Brien, member and former president of the Morro Bay Commercial Fishermen’s Organization and the Morro Bay Community Quota Fund. The CFA took on $2.5 million in initial debt to acquire fishing rights and paid about half back in five years, Parker said. Initial participants are doing very well, primarily in the Cape Cod scallop fishery, he said. The CFA’s investment in groundfish quota hasn’t proven as useful,,, Read the article here 09:53

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