Fishionary

A blog about fish words!

By Abigail Lynch

A blog about fish words!

quota

ITQ

November 30, 2018 by abby

An ITQ is an Individual Transferable Quota.  It is part of a quota system in which the managing agency divides up catch shares of the Total Allowable Catch (TAC) for the fishing season.  This essentially, creates a “stock market” like system for the fishery where ITQs can be bought and sold. Setting up this type of … [Read more…]

Posted in: I Tagged: fishing regulation, ITQ, quota, sustainable harvest, TAC

TAC

September 28, 2018 by abby

TAC is Total Allowable Catch.  This is the upper limit in the amount of fish, either by weight or number, that a fishery is allocated in a given season or year.  TACs can apply to the targeted fish and/or bycatch, where once the limit is reached the fishery is closed for the remainder of the applicable … [Read more…]

Posted in: T Tagged: bycatch, fishing regulation, ITQ, MSY, quota, sustainable harvest, TAC

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