BOSTON—Northeast fishermen are continuing to fish and catch less, while revenues are becoming increasingly concentrated in fewer hands, according to a report released Wednesday on the first year of a radically new fishery management system.
But the National Oceanic and Atmospheric Administration's Fisheries Service report also indicates that prices for groundfish jumped 17 percent in 2010.
The analysis didn't include key data — such as vessel ownership and various costs — and fisheries economist Andrew Kitts, the report's lead author, said it would be premature to draw broad conclusions from it. A more complete analysis is being prepared for the fall.
The first year numbers could also reflect the adjustment to a drastically new way of doing business, he said.
Read the Associated Press story by Jay Lindsay in The Boston Globe.