Tag Archives: quota leasing

Caught Up in Catch Shares – Economic, social and cultural effects of privatizing public fisheries resources

Since the 1980s, BC’s commercial fleet has shrunk by 60%. The number of fishermen is down by 70%. Licence and vessel ownership has shifted from individuals to companies; from rural to urban areas. “Armchair fishermen” pocket as much as 75% of fisheries’ landed value, money that should be going to the fishermen who earn it. Once-vibrant coastal communities are in steep declines, as hundreds of millions of dollars are drawn out from the coast by quota leasing. Read the rest here 10:26