Catch Shares Enable Wealthy Landlords to Gobble Up Local Fisheries
A recent investigative report has reignited public discussion over catch shares, a controversial approach to fisheries management that privatizes the rights to fish. The investigation exposed how Blue Harvest Fisheries, owned by a billionaire Dutch family, became the largest holder of commercial fishing rights in New England, benefiting from lax antitrust regulations and pilfering profits from the local fishermen who work under them. As a commercial fisherman in Mississippi, I know these dynamics go well beyond New England. Here in the Gulf of Mexico, private equity firms and other large investors have come in and gobbled up the rights to fish, driving up the cost of fishing access and making it prohibitively expensive for fishermen like me to harvest fish in our own backyards. >click to read< 07:55
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