For reasons previously noted here on Deckboss, organizers of a proposed buyback of Southeast Alaska salmon seine permits were forced to redo a reverse auction to determine those willing to sell out of the fishery.
That's been done now, and the organizers recently submitted a new capacity reduction plan for approval.
The plan contemplates using more than $13 million in federal loan funds to buy out 64 of the fishery's 379 state permits.
Owners of the 64 permits, and their bid amounts, are listed at the end of the 17-page plan. The bid amounts average $205,204 and range from $175,000 to $240,000.
If the National Marine Fisheries Service approves the plan, seiners will then vote on whether to carry it out.
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