Fisheries
12:52 pm
Mon November 4, 2013

Value of Bristol Bay Driftnet Permits Continues to Rise

The value placed on Bristol Bay driftnet fishing permits by the State of Alaska continues to go up. 

Every month the Alaska Commercial Fisheries Entry Commission releases a permit value report. In the report for October CFEC puts the value of a Bristol Bay driftnet permit at $102.9-thousand dollars. That’s up from the $100.7-thousand dollar value recorded in September.

The upward trend in the value of Bristol Bay driftnet permits can be seen in other driftnet fisheries. For instance the value placed on Prince William Sound driftnet permits back in September was $202.8-thousand dollars. In October those permits increased in value up to $206.4-thousand dollars. However, the value of an Alaska Peninsula driftnet permit remains unchanged at $77.9-thousand dollars, while the value of Cook Inlet driftnet permits dropped in October down to $89.9-thousand dollars. In September those same permits were valued at $93.8-thousand dollars.

The October permit values report from CFEC puts the value of a Bristol Bay setnet permit at $36.8-thousand dollars. That the lowest value for those permits in over a year. The October CFEC permit value report shows no movement in the value of Cook Inlet, Yakutat, Kodiak and Alaska Peninsula setnet permits. However, the value placed on Prince William Sound setnet permits jumped up to $119.3-thousand dollars last month. That’s way up compared to the $82-thousand dollar value recorded in September. It’s also way up compared to the $61-thousand dollar value placed on those Prince William Sound setnet permits from November of last year to August of this year.