Fisheries report chronicles problems in the Northeast
It is the third year NOAA Fisheries has released the report on the economic performance of vessels active in the Northeast groundfish fishery. The latest report is based on the 2012 fishing year, which ran from May 2012-April 2013.
According to the report, landings were down 5.4 percent and revenues dropped 7.7 percent, or $25.3 million, for all fish landed from 2011.
In addition, more than half of the available quota was not harvested for a variety of reasons, including the challenges of a multi-species fishery. If quota is met for one species of fish, it can make it impossible to fish for other species.
The allocated ACE for eastern Georges Bank cod, Gulf of Maine cod, eastern Georges Bank haddock, western Georges Bank haddock, Gulf of Maine haddock, pollock and Georges Bank yellowtail flounder were all cut from 2011 to 2012, and many of those cuts are expected to continue for at least the next fishing season.
According to the report, the sea scallop revenue of $90 million accounted for 29 percent of total revenue for all species and 38 percent of revenue from non-groundfish species in 2012.
Across New England, fishing effort has declined both in the number of vessels with revenue from any species and the number of vessels with revenue from a groundfish trip. The overall number of active vessels has also continued to decline, according to the report.
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