IFQs & Federal Fisheries

February 9, 2024

We’re seeing increased interest in 3A halibut IFQ, especially unblocked quota. Buyers are taking advantage of some of the lowest prices we’ve seen in years, with unblocked moving at $29.00 to $30.00 a pound while the price for blocked quota has settled in around the $24.00 mark. Not much interest in other areas yet. Some buyers are waiting to see what halibut fetches at the dock when the season opens on March 15th before they jump into the market. Interest in sablefish quota remains flat, with rumors that we could see even lower ex-vessel prices paid to fishermen this year. Consumers seem to be benefiting somewhat from these poor market conditions with sablefish selling whole at Costco in Burlington, WA at $4.99 a pound (see photo below). Hopefully we can hook 'em while it's cheap, and they'll remain loyal sablefish aficionados long after the market rebounds. (Are we modeling our business plan after drug dealers now? Is that what this has come to??)