Fairly Stable Permit Values for Bristol Bay

Feb 20, 2013

The value of set and drift permits in Bristol Bay remains fairly stable according to the latest data from the Commercial Fisheries Entry Commission.

The estimated monthly value report shows that a Bristol Bay driftnet permit was valued at about $88.7-thousand dollars in January. That's up about a thousand dollars compared to the December price but it's down about a thousand dollars compared to November of last year.

The highest estimated average value from last year was just over $119-thousand dollars recorded last April. While there has been quite a bit of variability in driftnet permit values, the value of a setnet permit in Bristol Bay has been fairly stable. The estimate from January is that setnet permits were valued at $41.3-thousand dollars. That's the same estimated value in December, which is down about $700-dollars compared to November. The highest Bristol Bay setnet permit value from last year was $42.5-thousand dollars back in September. The lowest value from last year was $38.5-thousand dollars recorded last February. A look at some of the other fisheries shows that Cook Inlet purse seine permit's increased in value last month up to $65.6-thousand dollars. That's way up from the December estimated value of $54.4-thousand dollars. The value of a Chignik purse seine permit remained unchanged last month at $97.6-thousand dollars. The value put on an Alaska Peninsula purse seine permit in January was $66.9-thousand dollars. Cook Inlet drift net permits are valued at $75.8-thousand dollars and Alaska Peninsula driftnet permits are valued at $97.4-thousand dollars. That's down from the December estimated value of $112.4-thousand dollars. The estimated permit values are published by the Alaska Commercial Fisheries Entry Commission.   

Credit Sailing for Salmon Exhibit