IronNoggin
Well-Known Member
The Pressure from the Fish Brokers continues: http://gulftrollers.com/pipermail/l...chments/20110110/6d7144b2/attachment-0003.pdf
....is this current?....
When are the real commercial fishermen going to wake up and realize that they are being screwed by the slipper skipper? Fish buyers holding quota... Setting the lease price....setting the ex vessel price.... Sounds like price fixing to me. I'm going to Hawaii this winter, anybody interested in leasing my "Recreational" fishing license while I'm gone?
The Pressure from the Fish Brokers continues: http://gulftrollers.com/pipermail/l...chments/20110110/6d7144b2/attachment-0003.pdf
The Pressure from the Fish Brokers continues: http://gulftrollers.com/pipermail/l...chments/20110110/6d7144b2/attachment-0003.pdf
Concervation of the resource has always been the priority;.allocations for sporties is a recent adaptation;its managed by international commission to set quotas; and is one of the best managed fisheries in world most of its directors have been commercial fishermen yanks and canucks google internation halibut commission; and learn about this resource before yapping off i dont think anybody is trying to give anything away just hold onto what they have
Good point. I was allowed to keep two clipped Coho today but did not feel like going out. So I still have those fish and would like to lease out the right to catch them to anyone who would like to catch 4 tomorrow instead of just two. That's how it works for the Fish Lords and Slipper Skippers.
Halibut was selling for $22 a pound this year, I don't get how anyone who pays $26 let alone $60 makes a profit? What am I missing?Ziggy, my assumption is that the 26 a lb was a one time fee based on the market at that Time. Which considering I've heard its in the neighbourhood of 60 a lb to purchase now, and the 5-7 a lb the fish sell for. If it was a one time fee these folks should have a pretty huge ROI. I don't know any of what i just said as fact but.it makes sense to me, why if I put myself in thier shoes I would be raging as well. Until we become more accountable for our catch stats we are just pissing in the wind IMO
Halibut was selling for $22 a pound this year, I don't get how anyone who pays $26 let alone $60 makes a profit? What am I missing?
let me try and clarify. the difference is quota vs catch.
again, these are only assumptions because i dont know if it was a one time fee or not, but im pretty sure it was. Also my numbers are probably not that accurate, so take it for what its worth!
So commie goes and buys quota for $26 lb
he sells His catch to the market for $5-$10 a pound
Market sells it for $22 a lb
So commie sells his catch for $5-$10 a lb for a few years to the market. After a few years, that asset is free and clear(the quota that he paid $26 a lb for), and the money making starts. Now there is still plenty of operating costs etc, however the quota has paid for it self( the way i understand it) and as time passes, the quota that he once paid $26 for appreaciates and is now worth $60ish lb if he were to sell it to another commie. TO me that is an amazing ROI, and i cant get why they are so pissed. Which is why i have always stated and advocated for us to have to buy the quota back (via halibut stamp or some other income generating avenue).
Well if you have no real idea on now it works then why post mis-information?
Back when the TAC was at 11million pounds and prices were in the $3 range quota could have been purchased for $26/lb. alot has changed since then.
1) Tac has dropped by 50% that has put pressure on the market place and prices have increased both in the stores and for quota. It is also the reason the commercial sector has consoiidated.
2) for easy math the guy who bought 10,000 lbs back then now has <5000 lbs of that to catch today.
3) government decided it was a good idea to buy up 17 % of the commercial sector and give it to the natives. That has done nothing but increase leasing as the natives for the most part are not interested in the fishing but would rather sit at home an lease.
this is also problamatic as DFO is understaffed and that 17% was just realeased to the bands in late August. that is why there is still 1.5 million to catch.
4) like all investments most fishing licence prices are based on a 10yr buyout. That is they are priced in a way that it takes roughly 10years to pay for your initial investment before you make any money. I would say at todays prices closeer to 12-14 years.
5) fishermen sell the whole fish to a buyer for $7/lb. the FILLETS (roughly 50-55% of the round weight) are sold in stores at today i think $18/lb
6) i would say it is more about trying to survive and make a living rather than greed. With the decline in salmon (for what ever reasons you choose to believe) the groundfish industry has become the backbone of the commercial industry.