Catch Shares successful in New England as fleet catches equal prior year

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Uploaded by on May 12, 2011

Catch shares and sector management in New England is proving itself to be successful. Despite predictions of disaster it turns out that landings have just about equaled those of 2009 and trading in quota among sectors has been robust. We were heavily criticized a year ago for predicting this outcome and now it has come to pass.

Read the rest of today's Seafood News at www.seafoodnews.com

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  • Transferable catch shares work in Denmark. The rights are reserved for active fishermen, the small scale fishery has increased its share of catch opportunities and. Whether the rights go to fishermen or Wall Street is a question of model design. Clearly, if you have over capacity that should go and this will of cource reduce the fleet. The result - higher earnings and reduced pressure (discards) on stock is the result. DK design can be studied at yieldoffish catch quota management

  • How does this man sleep at night? Wall St wants fish shares!! Lying & stealing public resources is criminal.

  • This man is CLUELESS!

    All this "trading and efficiency" is coming off the backs of the working fishermen. "Fishermen flexibility" means a fisherman has to either sell or lease his quota, if he has one and most don't. The fish is now owned by investors.

    CLUELESS or DISHONEST!

    At any rate doesn't give a rats tail about the welfare of the working man.

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