Tag Archives: quota leasing
Catching fish is the easy part, Quota system? Not so much
The Finlander is a 36-foot Northern Bay and one of two vessels operated by New England Fishmongers. On a good day, Finlander’s crew will haul in 1,000 to 2,000 pounds of fish, according to Capt. Tim Rider.,,, However, because Rider’s multi-species commercial fishing permit only allows him the ability to catch 103 pounds of cod a year, a quota the Finlander crew can hit in less than a day of fishing, Rider said he is forced to lease additional quota from other fisheries, many of whom are not actively fishing. Since cod quota is leased at between $3.25 and $3.50 per pound, Mondays big catch is virtually a wash.,,, Due to the quota system, Rider says he pays more than half of New England Fishmongers’ annual income to lease quota. >click to read<07:51
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
