Selected tag(s): California Fisheries Fund

New fisherman coming to Morro Bay

Kyle Pemberton is a 29-year old fisherman from El Granada, California.  He grew up fishing and crabbing with his father and uncle out of Half Moon Bay, at the southern edge of the San Francisco Bay Area, where he currently resides.  He always showed strong math and mechanical skills, and considered studying engineering, but fishing proved too strong a pull.  He crewed for several years, working his way up to alternate captain on Steve Fitz’s boat, the F/V Mr. Morgan, using the unique and light-touch Scottish seine gear.

With a California Fisheries Fund loan, Kyle purchased the successful trawler F/V Moriah Lee, and is soon pulling up roots to move a four-hour drive down the coast to Morro Bay to trawl for West Coast groundfish, including Dover sole, Chilipepper rockfish, Petrale sole, and thornyheads.  He is leasing quota from the Morro Bay Community Quota Fund, a nonprofit created to prevent historic trawl fishing activity from consolidating into larger fishing vessels and ports, securing rights to the groundfish resource locally.  Anchoring groundfish access in small scale fishing ports such as Morro Bay is critical to the economic viability of these communities.

“I am excited for the opportunity to work with the Morro Bay Community Quota Fund and become part of the groundfish fleet,” he told CFF. “I am very thrilled to establish my new home and become part of the Morro Bay community.”

Read More »

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CFF Advances Sustainability Vision of Local Morro Bay Community

[Hear more about CFF from fishermen]

Yesterday, the New York Times featured a story about the new Morro Bay Community Quota Fund. With the help of a loan from EDF’s California Fisheries Fund (CFF), the Quota Fund was able to acquire fishing quota and five fishing permits from The Nature Conservancy (TNC), which the Quota Fund will lease to local fishermen to support a sustainable local fishing industry. Here at CFF we are excited to be involved in California’s first community purchase of fishing quota, contributing to the groundfish fishery’s continued environmental stewardship.

Several years ago, TNC bought these fishing permits and boats from fishermen who were interested in leaving the trawling business. TNC then leased trawl permits to fishermen who agreed to use non-trawl or low-impact trawl gear to catch the same fish with less habitat impact. This effort combined with EDF’s role in helping to get catch shares implemented for the rest of the West Coast groundfish trawl fleet has aided the fishery in bouncing back. In fact, the fishery was recently certified as sustainable and recognized by the Marine Stewardship Council as “the most diverse, complex fishery ever to enter assessment against MSC standard anywhere in the world.” Read More »

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New Video Series: California Fisheries Fund Helps Finance Sustainable Fishing

When we launched the California Fisheries Fund in 2008, it was unique and untested: a public-private partnership with the mission to make capital available to a growing sustainable commercial fishing industry.  Since then, we’ve provided more than $2.5 million in loans to fishermen, fish buyers, processors and distributors enabling them to transition to or continue more sustainable fishing business practices. Many people and institutions have reached out to ask questions about our experience and story. Some organizations are considering establishing similar funds and they’ve asked for advice on how to get started.

In response to those and a growing number of requests, we’ve developed several resources that describe our experience establishing and managing the CFF: Read More »

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California Fisheries Fund Grants Loans to Local Dungeness Fishermen

Dan Durbin

Dan Durbin standing next to his boat the Golden Girl

It’s the height of the much loved Dungeness crab season and the California Fisheries Fund (CFF) lent a helping hand to two Half Moon Bay, California fishermen just in time for them to participate in the fishing season.

Donald Marshall, a former plumber and HVAC technician, recently received a $90,000 loan from the CFF which helped him to buy a crab permit for his boat, the F/V Janet E. Donald, who has fished since the age of 5, fulfilled his life-long passion when he became a full-time fisherman three years ago. Don, the CFF’s fourteenth borrower, sells directly off the dock in Half Moon Bay at Pillar Point Harbor.

Dan Durbin, a former recreational fisherman and local business owner from San Jose, is also living his dream. With the help of a $154,000 loan, Dan purchased his first commercial fishing boat, the F/V Golden Girl, along with permits to fish for crab and salmon. Read More »

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EDF on the Radio: The California Fisheries Fund Helps West Coast Fishermen

CFF Director, Phoebe Higgins with Steve Fitz, a loan recipient

Last week, Phoebe Higgins, Director of our California Fisheries Fund, appeared on the John Young KUIC Hometown Morning show to discuss the productive work the fund is doing to help West Coast fishermen finance their transition to more sustainable fishing practices, improve the profitability of their fishing businesses and provide seafood consumers with the fresh and sustainably caught fish that they love.

Phoebe also discussed with John a new sustainable management program that is helping fishermen on the West Coast grow their fishing operations as well as allowing fish populations to rebound.  The Fund coupled with the Pacific Groundfish catch share program, is helping to maintain and grow California’s highly-valued ocean economy —worth $43 billion and contributing more than 474,000 jobs to the state. Fishermen have more time to fish carefully which improves their safety and dramatically reduces the amount of bycatch and discarded fish. In turn, fishermen are able to bring in higher quality fish to seafood consumers and market their fish at higher prices.

Listen to Phoebe discuss the California Fisheries Fund project and catch share programs on the show and see how one fisherman is benefitting from his loan.

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California Fisheries Fund Partners with Bank for Exciting New Loan

CFF California Fisheries Fund (Logo)The California Fisheries Fund, a project of Environmental Defense Fund, kicked off 2011 by issuing its sixth and largest loan since the revolving loan fund was launched in 2008 to invest in sustainable fishing businesses on the West Coast.

The loan was made possible by a unique business partnership with San Francisco-based New Resource Bank. CFF and New Resource Bank partnered to extend a $3 million loan to Wild Planet Foods, a sustainable seafood company in McKinleyville, California. Read what the San Francisco Business Times had to say about the California Fisheries Fund: 

“The loans can be used to finance all kinds of improvements that foster sustainability. Some of those include upgrades in fishing gear that let fishermen catch more of the fish they’re targeting and less of the fish they’re not, and dockside infrastructure like chillers that would allow fishermen to keep and sell products locally as opposed to trucking it to other markets.”

The partnership between the California Fisheries Fund, New Resource Bank and Wild Planet represents a growing trend where for-profits and non-profits share many of the same values and an interest in mission-driven outcomes. In this case, all three organizations are driven by a mission of promoting and supporting environmental sustainability, with two of them—CFF and Wild Planet—specifically focused on sustainable fisheries.

Now the CFF is expanding its loan program outside of California to the entire West Coast. Just this week, the California Fisheries Fund closed its first loan in Washington state.  To learn more about the California Fisheries Fund, please visit: http://www.californiafisheriesfund.org/index.html

Press release: http://www.californiafisheriesfund.org/press_rel_012111.html

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