It may seem counter-intuitive that sharing the catch yields more fish and economic benefits for fishermen and coastal communities, but that is exactly what catch shares are proven to do.
NMFS (National Marine Fisheries Service) recently released its first national report assessing the economic performance of catch share programs in the United States. This report further validates the findings outlined in a 2011 Marine Policy Paper, “Assessing Catch Shares’ effects evidence from Federal United States and associated British Columbian Fisheries (Grimm et. al), which examined 15 catch share programs in the U.S and British Columbia before and after catch share implementation.
While these two studies differ slightly in selected fisheries, variables and time frame, they both conclude that catch shares consistently outperform conventional management systems across the board. Graduating to catch shares yields a robust return on investment: longer seasons, fewer risks, higher revenues, less waste and more full time jobs. An overview of the findings from Grimm et al. is presented in the table below.Read More