August 16, 2013 — Alaska’s record salmon season has permit brokers hopping as buyers seek to break into or expand their opportunities in many fisheries.
Notably, brokers say there is “a lot of great buzz” at Bristol Bay, despite a lackluster sockeye fishery that saw the bulk of the red run come and go eight days early.
“Prior to the season the drift permits went for under $100,000, but we just sold one for $125,000,” said Doug Bowen of Alaska Boats and Permits in Homer. Most of the bump is due to optimism about the sockeye base price of $1.50/lb, a $.50 increase from last year.
Data from the state Commercial Fisheries Entry Commission show that Bristol Bay driftnet permit values have remained near or well over $100,000 since 2010, and increased steadily each year after dropping below $20,000 in 2002.
This summer also was a great one for salmon seiners, which has driven up interest in those fishing permits.
“These folks had good seasons and made some money. They’re going to be looking to expand their operations, pick up another permit, another boat or upgrade,” Bowen said.
Salmon seine permits at Southeast Alaska have the distinction of being the highest priced at more than $300,000.
Read the full story at The Fish Site