Welch: Salmon permit, quota market unsettled

“Unsettled” best describes the mood among brokers in the business of buying, selling and trading Alaska salmon permits and quota shares of various catches.

For salmon permits, “the dust hasn’t really settled” since the season ended, said Doug Bowen of Alaska Boats and Permits in Homer, but at the moment, prices are tanking across the board.

“There were a few bright spots but several areas in the state did not do well, either because of production or price or both. That’s put a downward press on permit prices,” he added.

Bristol Bay drift gillnet permits have taken the biggest hit after another huge sockeye run ran into a perfect storm of backlogged markets, depressed global currencies and record imports of foreign farmed fish. Bay fishermen were shocked to get a base price of 50 cents a pound, down from an average $1.34 last summer.

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About the author

Ashley Herriman

Ashley Herriman is the online editor for National Fisherman.

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