April 25, 2018 — Two commercial fisheries open each spring at Upper Cook Inlet that attract little notice and few participants, but each pays big bucks to fishermen.

The first is a food and bait herring fishery that runs from April 20 through the end of May. The 150-ton quota is small compared to most of Alaska’s other herring fisheries, but the payout is far higher than all others.

“They get $1.00 to $1.50 a pound, or $2,000 to $3,000 for a short ton, and the herring goes primarily into the halibut commercial bait fishery or the sport bait fishery,” said Pat Shields, regional manager for the Alaska Department of Fish and Game in Soldotna.

In contrast, the statewide average price for roe herring at places like Sitka, Kodiak or Togiak is just 12 cents a pound, and fishermen make between $100 to $350 a ton.

The Cook Inlet herring fishery serves a small, local market provided by 10 to 20 fishermen. The fish is captured in gillnets by 10 to 20 salmon setnet fishermen who are trying to get some money to start the season, Shields explained. The herring are frozen and sold throughout the year and the demand far exceeds the supply.

Shields speculates the price is so high because there are so few bait herring fisheries in the state — two in Southeast, one at Kodiak and Dutch Harbor.

Read the full story at National Fisherman