Monterey Bay secures $1 million in fishing rights.
Last week, the Monterey Bay Fisheries Trust announced the acquisition of more than $1 million in commercial groundfish fishing quota from The Nature Conservancy, permanently securing these historic fishing rights for the long-term benefit of the Monterey Bay community.
The Monterey Bay Fisheries Trust is a nonprofit organization created to own and lease groundfish quota to localfishermen, while working to improve the economic and environmental performance of the fishery.
“Thanks to The Nature Conservancy’s contribution, the Monterey Bay Fisheries Trust will be able to support our local, family-owned fishing businesses,” said David Crabbe, commercial fisherman and board president of the Monterey Bay Fisheries Trust. “This will provide stability for our local ports and waterfront businesses, and it will ensure that future fishermen have access to this important fishery for years to come.”