Tag Archives: Monterey Bay Fisheries Trust

City of Monterey looking to buy up commercial fishing rights

The city of Monterey wants to control nearly a million pounds of groundfish in Monterey Bay.  At Tuesday’s City Council meeting, councilors looked at purchasing the fishing rights to 880,000 pounds of fish from Monterey native Giuseppe Pennisi. Pennisi is about to put his federally allotted fishing quota on the market and City Manager Mike McCarthy said the city is ready to pay $583,000 to buy the rights. “If the city is unable it is unlikely any other local organization will be able to buy it,” McCarthy said. The fear is an outside organization from Oregon or Washington would come in and buy the stock, pushing out local fishermen. click here to read the story 11:23

Con group buys $1m worth of groundfish quota

The wolf-in-sheeps-clothing-scaled500-e1371562470325 (MBFT) bought $1m worth of groundfish quota — 4.2m annual quota pounds — from the nonprofit Nature Conservancy which it plans to use to benefit the area’s fishermen, MBFT said in a release. As part of the agreement, MBFT, which was formed to protect central California fisheries in the Monterey, Moss Landing, and Santa Cruz harbors, plans to retain ownership of the quota. It will lease the fishing rights to fishermen “while working to improve the economic and environmental performance of the fishery,” the group said in the release. Read the rest here 17:08