Economic Report: Maximized Retention Electronic Monitoring in the Northeast Multispecies Groundfish Fishery
Our report focuses on the successes, failures, and key hurdles of the proposed program and detail the ability of the MREM program to meet proposed data collection and accountability objectives. The economic report estimates the cost and benefit of expanding the scope of the MREM program, using a comprehensive data set from the first three years of the MREM program.
To evaluate program costs in the current implementation of the MREM program, we will assemble information regarding the investment, operational, and maintenance costs of the EM systems born by each vessel and calculate the cost per vessel from this information. Fixed cost elements that are shared by all the vessels will be cross-checked against each other as well as against cost information retained by the program’s administrator, GMRI.
Program administration costs, as well as video review costs will also be included in the analysis. Additionally, we will collect sales and landings information from all MREM vessels throughout the course of their participation in the program. Because the MREM program requires vessels to land sub-legal sized groundfish, there is a potential to earn additional income from those catches, if they can be successfully sold. Based on the landings and sales information, we will estimate additional income gains from the sales of sub-legal landings to examine the potential economic benefits of the Maximized Retention protocol over other EM programs.
This project is generously supported with funding from the National Fish and Wildlife Foundation.
In this video, Technical Programs Manager Mark Hager introduces and explains electronic monitoring — a system of cameras and computers mounted onboard fishing vessels. This …
Gulf of Maine, Explained
To comply with federal regulations, fishermen in the Gulf of Maine are monitored by fisheries observers — people who ride along with fishermen to collect …
Our Fisheries Technical Assistance Program (FTAP) provides a range of technical, convening and innovation services to New England’s commercial fishing industry to promote the long-term …
It’s easy to imagine fishing as a Wild West landscape, with fishermen heading out to sea, catching as many fish as they can, and selling …