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Permit Banks: A Local Solution to Address Spillover Effects of Management Measures Public Deposited

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Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.

Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.

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  • In 2011, NOAA Fisheries implemented catch shares in the US west coast groundfish trawl fishery to benefit both fish and fishermen. Once these catch shares could be traded, well-capitalized organizations such as processors had an advantage over individual operators in that they could act quickly when shares become available on the market. This is expected to lead to consolidation of catch shares, and some fishermen fear being squeezed out of their livelihood and lifestyle. The Monterey Bay Fisheries Trust (MBFT) is a community quota fund set up to address inequities introduced or exacerbated by these management measures in the US West Coast Groundfish fishery. The trust acquires and leases groundfish fishing rights, prioritizing support for local (Monterey Bay) fishermen and for those implementing sustainable fishing practices, to mitigate the effect of these inequities. This paper explains how the MBFT and similar organisations help a fishing community adapt to new governance mechanisms, where such an organisation fits in the hierarchy of fishing rights allocations, and how this community quota fund operates.
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  • 0976343290

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