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An Economic and Policy Assessment of Industry Funded Geoduck Enhancement in British Columbia

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  • The geoduck fishery in British Columbia has been managed by individual quotas since 1989. Individual quotas have fostered a co-operative management approach in the fishery, which is implemented through a non-profit society with membership made up of licence holders in the fishery. This non-profit society, the Underwater Harvesters Association (UHA), co-manages the fishery with the Department of Fisheries and Oceans and funds scientific research, surveys, monitoring, management, generic marketing and various other activities in support of the fishery and the industry. The UHA has also had a program of industry funded wild stock enhancement since 1995. Due to the very long life cycle of geoducks, no enhanced animals have been harvested to date. The UHA has also invested in geoduck aquaculture in recent years. This paper describes the UHA enhancement program and examines the various indicators of success of the program including estimates of the program’s Net Present Value, ratio of cultured juveniles to estimated recruitment from the wild population, and estimated potential number of planted animals in the commercial catch. Enhancement of wild stocks has the potential to increase production in the wild fishery, however, to date there has been no commitment regarding allowing commercial licence holders to harvest stocks they have enhanced. Whether or not enhancement is economically viable depends critically on the institutional and policy frameworks to secure access to harvest. Otherwise, commercial harvesters may choose to collectively move more towards aquaculture with its strong property rights, rather than enhancement.
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  • James, Michelle. 2006. An Economic and Policy Assessment of Industry Funded Geoduck Enhancement in British Columbia. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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