Wednesday, March 28, 2012
Russell and Sven
Sven Stroosma- Voyager
I bought a permit in 1990 for $97,500. Shortly thereafter we got 8 to 12 cents a pound for pinks and permit values plummeted to 1/3 that value. The economic viability of the fishery went in the toilet and many fishermen lost their markets. There were too many of us available and we were forced to compete at the lowest prices possible. Many opponents of the buyback say it could cause permit prices to rise making it prohibitive for young people to buy in. Permit prices will go up-- So will the chances of a new operator to make a living because of less potential competition. Looking back, I like one of my son's chances in the next 10 years with a buyback a lot better than without one. I'm voting for it, I don't own two, if one of my boys buys in-- he'll pay more than I did-- I believe it will also be a better investment. Sven Stroosma.
Russell Cockrum-Viking Maid
Its a no brainer to vote for buyback. As a permit holder I plan to pass on the permit to my son. Why would I want to have him to try to make a living with 400 boats .......I was there way before 8 cents..... thats right 1.00 # we still had a tough go We can afford the 3% probably less to maintain the CPU we now enjoy.............really silly not to support something that will double the permit value........russ cockrum
Thanks for the input guys\\
I'll put em up as they come in over the coming weeks.
at 12:00 PM