Tag Archives: higher costs
After tough salmon season, Lower Cook Inlet fishermen say it will be a struggle to stay afloat
Alaska’s salmon season is largely over. However, commercial fishermen on the southern Kenai Peninsula are reflecting on a year marked by declining catches and higher costs. That includes first-year tender captain Theodore “Teddy” Handley, who took on the role of running his own vessel, the Julia Starr, this season. As a tender captain, he collects fish from fishing boats and delivers them to processing plants. Handley said the sheer pink salmon volume typically boosts the late-season harvest “Even though you’re paid maybe a sixth of what you get for sockeyes per pound, just the volume more that shows up in a pink run is how a lot of the fishermen make their money, and that’s how a lot of the canneries make their money too,” Handley said. Homer’s fishing community comprises generations of families who harvest salmon, halibut and other species from the waters of Lower Cook Inlet. The city is also made up of people and businesses that rely on the commercial fishing industry for income. more, >>CLICK TO READ<< 17:40
Alaska’s seafood industry lost $1.8 billion last year, NOAA report says
A variety of market forces combined with fishery collapses occurring in a rapidly changing environment caused Alaska’s seafood industry to lose $1.8 billion from 2022 to 2023, a new federal report said. The array of economic and environmental challenges has devastated one of Alaska’s main industries, said the report, issued by the National Oceanic and Atmospheric Administration. And the losses extend beyond economics, casting doubt on prospects for the future, the report said. The losses also extend beyond Alaska. Nationwide, Alaska’s seafood industry woes caused the loss from 2022 to 2023 of more than 38,000 jobs and a $4.3 billion decline in total U.S. output, the report said. There was also a loss of $269 million in combined state and local tax revenues, the report said. The states most affected beyond Alaska were those on the West Coast. The report breaks down the dollar losses. more, >>CLICK TO READ<< 10:14
