Having multi-species commercial fishing permits in mixed finfish fisheries addresses the failings associated with single species management. Multi-species permits represent a more holistic way to manage life within the marine environment.
The benefits of multi-species permits include the following –
- Removes target and bycatch categories. Catch is catch and ALL catch will be landed.
- Moves from single species to multi-species management.
- Removes the complexity of catch balancing and the current deemed values regime.
- Reduces the economic incentives for fishers to dump their catch.
- Encourages innovation.
- Removes the incentives to deploy indiscriminate bulk harvesting methods.
- Improves public perception of effective management and fishing practices.