Introduction to Stock Stewardship Shares

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Introduction to Stock Stewardship Shares

This section of my web site�is intended to provide a forum for responsible discussion of the concept of biomass allocations, which I have called stock stewardship shares.� Stock stewardship shares hold the promise of making conservation a truly good investment for fishermen and for the fishery management system.� Over the years a number of fishery researchers have proposed the idea of allocating shares of a fish stock to groups or individuals who would then have the responsibility and accountability for maintaining the productivity of their "conceptual partial populations," as these biomass allocations have been called by Canadian fishery scientist Stratis Gavaris.� Other researchers who have contributed to the development of this concept include John Caddy, Trevor Kenchington, and Ralph Townsend.�

Stock stewardship shares go beyond ITQs by making shareholders accountable for the condition of their share of the fish stock.� Shareholders have both the incentive and the ability to conserve the stock.� ITQs do not give shareholders the ability to conserve the stock beyond the requirements set by the management agency, which are often lowest common denominator standards.� ITQs give shareholders the right to catch fish, but not to conserve them.� Stock stewardship shares do both.

Stratis Gavaris published a complete and concise explanation of the concept of biomass allocations in a 1996 article in the Canadian Journal of Fisheries and Aquatic Sciences.� The article is titled: "Population stewardship rights: decentralized management through explicit accounting of the value of uncaught fish" and can be accessed by clicking on the hyperlink.

If you would like to join the discussion of biomass allocations, or have constructive ideas concerning this topic, please click on the link to the Stock Stewardship Discussion page.
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