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Red Snapper Individual Fishing Quota Review

Tab B, No. 11(a). Red Snapper Individual Fishing Quota Review. August 17, 2010. Outline. Overview of the Red Snapper IFQ Program Landings and Share Ownership Review Requirements Objectives of the IFQ Program Program Review. Overview - Red Snapper IFQ.

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Red Snapper Individual Fishing Quota Review

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  1. Tab B, No. 11(a) Red Snapper Individual Fishing Quota Review August 17, 2010

  2. Outline • Overview of the Red Snapper IFQ Program • Landings and Share Ownership • Review Requirements • Objectives of the IFQ Program • Program Review

  3. Overview - Red Snapper IFQ • Duration: No time limit – program review every 5 years • Ownership Cap: Maximum % issued to a recipient during initial apportionment • Initial Eligibility: Owners of a Class 1 or Class 2 license • Initial Apportionment: • Class 1: 10 consecutive years between 1990 -2004 • Class 2: 5 years between 1998 – 2004 • Historical Captains: 7 years between1998-2004 • continued

  4. Overview - Red Snapper IFQ • Appeals Process: RA review (no hardship cases) • Transfer: Commercial reef fish permit holders during the first 5 years; all US citizens and permanent residents thereafter • Quota Adjustments: Proportional -based on share ownership • Use it or Lose it: No minimum landings requirement • Cost Recovery: 3% of ex vessel value of landings

  5. Landings & Cost Recovery Fees

  6. Share Ownership • Source: Strelcheck – NMFS-SERO

  7. Share Distribution – by State • Source: Strelcheck – NMFS-SERO

  8. Review - Requirements • Section 303A(c)(1)(G) of the MSA states that “Any limited access privilege program (…) shall – • include provisions for the regular monitoring and review by the Council and the Secretary of the operations of the program, including determining progress in meeting the goals of the program and this Act, and any necessary modification of the program to meet those goals…”

  9. Objectives of the IFQ Program • The purpose of the red snapper IFQ program is • to reduce overcapacity in the commercial fishery and, • to eliminate, to the extent possible, the problems associated with derby fishing.

  10. Program Review • NMFS has initiated a review (Agar and Keithly) • Evaluation using logbook data and IFQ database • Indicators (effort, transfers, landings, share prices) • Economic performance (stochastic frontier analysis) • Cost adjustments, Supply responses • IFQ Participants Survey • Attitudes towards the program • Socioeconomic assessment of the program • continued

  11. Program Review • Additional issues Council would want to address • Are other reviews warranted

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