Maybe rather than fight between the sectors, we would be far better off if each sector started looking at how to find ways to optimize what we already have and be thankful for that?
I can't and won't speak for the commercial salmon fishery, but I will stand up for the social and economic value proposition the recreational fishery brings to Canada. There is a stark difference, and IMO the recreational fishery delivers 22.9 time more economic benefit (based on GDP contributions) to Canada than the commercial salmon fisheries in total.
So, I agree with Nog, the recreational community should be
very thankful for what we have now IMO, as should Canada. I'm also watching and sympathetic to the dramatic decline in the economic viability of commercial salmon fisheries...and impacts to people and communities that relied heavily upon it. Given the economic data it seems there might be a few ways to adapt to a bad situation for the recreational and commercial fisheries.
Economic and Fishery Perspectives - data taken from Province of BC 2022 Fisheries and Economic Sector Report
Declining Biomass and Opportunity:
- Both fisheries have been forced to adjust to managing around stocks of concern.
- Without significant re-focus on developing best practices that optimize either avoiding stocks of concern, or significantly reducing the impact of post-release incidental mortality - each fishery will face the death of a thousand cuts
- Better research and adoption of best practices aimed at reducing Fishery Related Incidental Morality (FRIM) is necessary to help shape improved fishery sustainability - no one is immune to poor fishery practices
- Each fishery needs to refocus on how it delivers comparative economic and social benefits to Canada - we are utilizing a limited and highly valuable resource and must demonstrate the wisest use for the benefit of Canada. If we can't pass that test, it brings into question the future viability of our fisheries IMO.
How Does Each Fishery Stack Up?
Commercial:
- EBITDA = earnings before interest, tax, depreciation, amortization demonstrates most commercial fisheries are currently economically unsustainable. Gillnet = (-$13,900); Seine =(-$25,700); Troll = +$1,200. Note - only the Troll fishery realized a positive EBITDA.
- * DFO Economic Branch Report
- Without significant subsidization or transfer of opportunity (fish) to commercial the existing commercial fishery is economically unsustainable delivering opportunity to 379 total commercial vessels (all types).
Employment
- Recreational = 4,866 combined fresh/salt or 2,587 saltwater only in 2022.
- Commercial = 1,055 – combines all fisheries such as crab, tuna, halibut etc....and salmon
- To provide context, commercial fishing related employment and economic contribution data available within the Province of BC data combines all types of commercial fishing activity, thereby over-representing the actual contributions associated only to the commercial salmon fishery itself.
- The once-dominant salmon fishery was ranked seventh (7.9% GDP contribution) among the fisheries in that year (2022). This compares to its 30.9% share of the capture fishery’s real GDP in 1991.
Distribution of socio-economic benefits
- Recreational license holders engage over 300,000 compared to commercial salmon license holders of 379 vessels
- Net GDP contributions of recreational fishery are greater than commercial (2022 = $343.7 million rec vs $15 million commercial salmon or 22.9 times more GDP contribution by recreational fishery)
- GDP contributions demonstrate clear and broad distribution of benefits beyond simply the number of active participants (license holders)
- Recreational contribution to Canada’s GDP per salmon harvested is highest value-added benefit from each fish harvested (recreational = $180 million or $536.27/fish vs commercial $15 million or $32.6/fish)
Commercial vs Recreational Catch Performance Analysis
- Pacific Salmon Commission data review demonstrates commercial fisheries have 80% of all salmon harvest
- Reduction of other fisheries catch to augment Commercial salmon catch to address economic viability of commercial salmon fishery IMO unfairly damages stability of access and opportunity required for continuation of strong recreational fishery economic and social contributions to Canada. Therefore the best way forward may be to look at fleet rationalization within the commercial sector.
How Can We Help Make Commercial Fishing Economically Viable - partial answer to Nog's concerns noted above
- One possible solution to help ensure economic viability of commercial salmon fishery might be to look at further fleet rationalization programs at fair market compensation to transition some of the fleet out of the fishery, thereby making the remaining fleet more economically viable.
- Possibly look at which commercial fleet is able to fish most selectively to avoid stocks of concern, and reward good performance with more access to fish from commercial fisheries that are less selective?
- IMO the commercial troll fleet based on the economic data is the way forward in many fisheries. There may be other examples where small scale gill net fisheries or seine fisheries could demonstrate economic viability as well as selective fishing....those should be rewarded and celebrated.
- Given strong EBITDA performance, perhaps start by looking at how to make the remaining Troll fleet more viable and develop best practice sustainable methodologies?