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Banks seek to expand portfolios in stable (rationalized) fishing industry

April 9, 2015 National, North Pacific

When the quota system was first begun in the federal fisheries off Alaska, a common fear was consolidating too much quota in too few hands. Commercial Fishing and Agricultural Bank, or CFAB, president Lea Klingert said consolidation isn’t necessarily an evil. “Regardless of whether or not it was right or wrong, it seems to have worked in the financial realm,” Klingert said. “Right now, the options for fishermen are better than they’ve ever been. For everything but permits, over the last several years the fishery has shrunk through rationalization. Read the rest here 09:42

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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