Dire condition of Alaska’s seafood industry has many causes and no easy fixes, experts say
State officials and industry leaders trying to rescue the ailing Alaska seafood industry are facing daunting challenges, recently released numbers show. The industry lost $1.8 billion last year, the result of low prices, closed harvests and other problems, according to the National Oceanic and Atmospheric Administration. State Rep. Bryce Edgmon, I-Dillingham, part of a task force charged with making recommendations on ways that lawmakers can help rescue the industry, said the solutions will be difficult and will require the full attention of his colleagues next year. Joe Bundrant, chief executive officer of Trident Seafoods, described how Russian fish production is part of a “perfect storm” of low prices, devaluation of Alaska’s product and a geopolitical landscape “like I’ve never seen anything close to it.” more, >>CLICK TO READ<< 14:36
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