Study: The cost of Alaska commercial fishing

Most of the benefits from the commercial fishing industry go to local government, while the state spends more on the industry than it takes in, according to a new analysis.

A study conducted by Bob Loeffler and Steve Colt of the University of Alaska Anchorage’s Institute of Social and Economic Research found that the state spends about $27.2 million more on commercial fishing than it receives in revenue from the industry.

This includes regulation, operations and capital projects. However, it does not consider federal funds, which play a role in Alaska’s fisheries, as many salt-water fisheries are federally managed, at least partially.

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About the author

Ashley Herriman

Ashley Herriman is the online editor for National Fisherman.

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