November 11th, 2016 — As Alaska’s iconic halibut fishery wraps up this week, stakeholders are holding their breath to learn if catches might ratchet up slightly again in 2017. Meanwhile, prices for hard to get shares of the halibut catch are jaw-dropping.
The halibut fishery ends on Nov. 7 for nearly 2,000 longliners who hold IFQs (Individual Fishing Quotas) of halibut. The Alaska fishery will produce a catch of more than 20 million pounds if the limit is reached by the fleet. Last year, the halibut haul was worth nearly $110 million at the Alaska docks.
For the first time in several decades the coastwide Pacific halibut harvest numbers increased this year by 2.3 percent to nearly 30 million pounds. Along with Alaska, the eight-month fishery includes the Pacific coast states and British Columbia.
The feeling that the halibut resource is stabilizing and recovering after a long decline has upped the ante for shares of the catch. The fact that the dock price again hovered in the $6 to $7 a pound range all season at major ports also has fanned interest. It holds especially true for shares of Southeast Alaska fish.
“Fishermen say they’re seeing some of the best fishing they’ve ever seen in their lives there, bigger fish, better production and you see that reflected in IFQ prices,” said Doug Bowen of Alaska Boats and Permits in Homer.
The quota shares are sold in various categories, and the asking price for prime shares in Southeast waters has reached $70 per pound!