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Commercial fishing

Catching seafood for commercial profit

  • 9 min read
  • 4 chapters

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Through Fish, Commerce and Profit (economics)

The major fishing industries are not only owned by major corporations but by small families as well. In order to adapt to declining fish populations and increased demand, many commercial fishing operations have reduced the sustainability of their harvest by fishing further down the food chain. This process, often is referred to as "fishing down the food web," and raises serious concerns among scientists and fishery managers. Removing too many organisms from the lower levels of the food chain can disrupt entire ecosystems and threaten long-term sustainability.

Commercial fishermen harvest a wide variety of animals. However, a very small number of species support the majority of the world's fisheries; these include herring, cod, anchovy, tuna, flounder, mullet, squid, shrimp, salmon, crab, lobster, oyster and scallops. All except these last four provided a worldwide catch of well over a million tonnes in 1999, with herring and sardines together providing a catch of over 22 million metric tons in 1999. Many other species are fished in smaller numbers.

In 2016, of the 171 million tonnes of fish caught, about 88 percent or over 151 million tonnes were utilized for direct human consumption. This share has increased significantly in recent decades, as it was 67 percent in the 1960s. In 2016, the greatest part of the 12 percent used for non-food purposes (about 20 million tonnes) was reduced to fishmeal and fish oil (74 percent or 15 million tonnes), while the rest (5 million tonnes) was largely utilized as material for direct feeding in aquaculture and raising of livestock and fur animals, in culture (e.g. fry, fingerlings or small adults for ongrowing), as bait, in pharmaceutical uses and for ornamental purposes.

Economics

The industry, in 2023 was able to generate over 319 billion dollars in sales and also provided 2.1 million jobs in the United States, according the NOAA's Fisheries Service. Although the industry is able to provided this many jobs the pay varies from season to season and boat to boat. Commercial fishing may offer an abundance of jobs, but the pay varies from boat to boat, season to season. Crab fisherman Cade Smith was quoted in an article by Business Week as saying, "There was always a top boat where the crew members raked in $50,000 during the three- to five-day king crab season—or $100,000 for the longer snow crab season". That may be true, but there are also the boats who do not do well; Smith said later in the same article that his worst season left him with a loss of 500 dollars.

Many people working in commercial fishing are self-employed, which means their income is directly tied to productivity and market demand. Over time this changes the fish targeted with the change in market demand and supply of the fish. In the UK, the technical term for this is share fisherman, which refers to anyone working without an employment contract, on a boat crewed by more than one person, and relying for their livelihood at least partly on a share of the profits or gross sales of the fishing boat's catch.

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