quote:Originally posted by Bogman
Barbender, The increase in effort is not on the commercial side but on the sports side in the last few yew years 88/12 has not changed. How much the commercial fleet gets for there halibut does not increase the 88%, it is what it is. The problem for the sports lies in the decreasing TAC which is not because of over fishing but it is cyclical and we have been on a downward cycle. 12% of a 12 million pound TAC may be enough for the sports sector but 12% of a 6.5 million pound TAC isn't due to increased interest in halibut fishing by sporty's in the last few years.
As to your armchair commercial fisherman comment , believe me there are lots of commercial guys that don't belive in the leasing of quota also. but as for getting rich on it well the numbers still speak for them selves if a guy owns the 15,000 pound average and leases it out for $3.00 and pound thats a $45,000 dollar return on his money . That is really good interest on the value of quota these days but there are so many factors involved and I don't type fast enough to explain them all. Not all the quota are original gifted quota as everyone on here likes to call them . The guy that bought my quota at 55,000 pounds is now holding about half af that due to lower TAC and if my estimates are correct on what quota is worth today has lost approx $400,000 . How do you think he feels.
"Who would have ever thought it would be this much fun catching them one at a time"