Can price bridge the gap? The case for Biodegradable fishing gear fish premiums in the Newlyn wholesale market

Andy Forse, Benjamin Drakeford and Pierre Failler
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Andy Forse: University of Portsmouth
Benjamin Drakeford: University of Portsmouth
Pierre Failler: University of Portsmouth

No 2024-06, Working Papers in Economics & Finance from University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group

Abstract: Abandoned, lost or otherwise discarded fishing gear (ALDFG) poses a threat to sustainable fisheries management through environmental impacts including ghost fishing. Biodegradable fishing gear (BFG) has the potential to mitigate the ghost fishing impact of ALDFG however, fishing efficiency has been identified in various studies as one of the main limiting factors of BFG. We address the potential for higher market prices for BFG fish to offset the economic cost to fishers given the current technical shortcomings of BFG. We find that there is limited potential for BFG fish to achieve higher market prices, respondents were more likely to use the tag of ‘BFG fish’ as a factor to drive demand. Further research is, therefore, required to address the issues that culminate in reduced fishing efficiency and we conclude that BFG implementation is a technical problem and not an economic one.

Keywords: Biodegradable fishing gear (BFG); Abandoned, lost or discarded fishing gear (ALDFG); Fisheries; Wholesale; Fishing efficiency (search for similar items in EconPapers)
JEL-codes: Q18 Q22 Q56 (search for similar items in EconPapers)
Pages: 18
Date: 2024-10-17
New Economics Papers: this item is included in nep-agr and nep-env
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