The town of St. George, off the Bering Sea near Alaska, was long home to some of the most robust pollock fishing in the country. But due to a fishing rights management scheme called “catch shares,” the town has no rights to fish its own waters and regularly watches their former industry literally pass them by.
“Every year, the industry takes about $2 billion in gains out of this fish resource on the Bering Sea,” St. George Mayor Pat Pletnikoff tells Lee van der Voo in “The Fish Market.” “Not one plug nickel sticks to St. George.”
Catch shares work by dividing our oceans just like any other physical property, creating theoretical property lines. Then the rights to fish different species in various sections are awarded to applicants — which could be individuals or companies — based on how much fish they catch over a certain period of time. These rights are given by eight fishery councils throughout the country, which also place restrictions on how much of any species can be fished.