A Price Incentive Plan for Distressed Fisheries
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Many regional fisheries have reached crossroads and decisions
must be made. Vast untapped resources exist as a potential foundation
for a revitalized fishery. In addition, there exists available
unemployed labor and capital in harvesting, processing, and marketing.
As many of the traditional fisheries must continue at a low level due
to an array of circumstances, we propose to encourage the transfer
of effort to underutilized resources by paeans of price incentives.
This will complement existing programs concerned primarily.with the
acquisition of basic technical and biological data or long run
improvements in harvesting efficiency as provided in part by the
Fishing Fleet Improvement Act.