Thursday, May 31, 2018

Trimming the fleet

Southeast Alaska salmon seiners are mounting yet another effort to reduce their ranks.

Recently, seiners were invited to submit bids to sell and permanently retire their state fishing permits.

A total of 37 bids came in, and the Southeast Revitalization Association board on May 24 voted to accept 36 of them.

The 36 accepted bids total just over $10.1 million, which is right around the amount of federal loan money available for the permit buyback.

What's next?

Probably after this fishing season, Southeast salmon seine permit holders — currently 315 of them — will vote in a referendum on whether the fleet agrees to shoulder the loan to complete the buyback.

In 2012, Southeast seiners approved a $13.1 million loan to remove 64 permits.

But in 2017, a vote to retire 22 more permits from the fishery failed.

No comments: