Tag Archives: “2011 Final Report on the Performance on the Northeast Multispecies (Groundfish) Fishery (May 2011-April 2012)
Strange but true! The “noaa chronical’s” – NOAA report spotlights ‘underfishing’
The extreme degree to which the beneficial participants in the catch share commodity market system failed to land the allowable totals was reported in the middle of a paragraph on transactional costs.
”Because only 41 percent of the total allocated ACE (annual catch entitlements)/PSC (potential sector contribution) in 2011 was caught and less than 80 percent of these allocations were caught for 9 of the 16 stocks … it might seem that the potential for efficiency gains for improving lease markets is large,” the social scientist at the NOAA Science Center wrote. Read more
