IFQs & Federal Fisheries

August 11, 2023

Halibut deliveries are picking back up, which has caused a decline in dock prices. In Homer, boats loaded with halibut have been stuck in the harbor waiting to deliver as buyers struggle to keep up. Yesterday, some deliveries fetched $5.00/$5.25/$5.50, but others dropped as low as $4.00/$4.25/$4.50, which is a painful difference from just a week or two ago when fishermen were getting over $6.00. Needless to say, the quota market still sucks.

After years of back and forth, the NPFMC and NMFS have established a Pacific Cod Trawl Cooperative for the BSAI cod fishery, rationalizing the cod resource and allocating quota to qualifying LLP holders. The PCTC will require trawlers to form cooperatives and will be implemented ahead of the 2024 "A" season. That's... pretty big news.

The NPFMC is accepting nominations for the Advisory Panel! The AP is an advisory committee to the Council, currently comprised of 19 members. If you're interested in applying, click here

The statewide sablefish TAC is 40% harvested, with AI at 5%, BS at 32%, CG at 45%, SE at 55%, WG at 46%, and WY at 66%. The statewide halibut TAC is 47% harvested, with 2C at 60%, 3A at 53%, 3B at 46%, 4A at 29%, 4B at 23% and 4C/4D at 17%. See the full report here. For halibut, this is generally on par with 2022 in terms of percentage of the fishery landed, but far behind 2022 and 2021 in terms of actual pounds delivered, likely due in part to the drastic cuts taken this year.