February 7, 2025 — Last year’s lower-than-average Bristol Bay salmon harvest likely went a long way toward long-term polarization of the drift fleet between fishermen earning the highest and lowest revenues. As a trend, drift fishermen with the highest production in the fleet typically made double the earnings of fishermen with the lowest production.
More recently, however, a dwindling number of top producers have been earning five times more money than fishermen at the bottom of the scale, A more dispiriting trend is how an increasing number of fishermen are falling from the middle into the bottom tier when it comes to their seasonal earnings.
“The Bristol Bay fishermen we’ve spoken with seem to have done very well or very poorly, with not much in the middle,” says Sharon Lechner, president and CEO of the Commercial Fishing and Agriculture Bank (CFAB) in Anchorage.
For those not familiar with fisheries economic tools, the State of Alaska’s Commercial Fisheries Entry Commission (CFEC) keeps tabs on earnings in many state-sanctioned fisheries including salmon via data sets known as quartile tables. The tables break out the number of permit holders comprising the top 25 percent, the upper and lower middle 50 percentiles and the lowest 25 percent of the season’s revenues.