New Local Fish Fund to in invest in Alaska fishing families




February 29, 2019


HEAD: New Local Fish Fund To Invest In Alaska Fishing Families

SUBHEAD: Unique partnership supports conservation and the future of fishing communities


SITKA, ALASKA—Local Fish Fund is a new innovative fisheries loan program that will provide a new financing tool for the next generation of commercial fishers in Alaska’s fishing communities.


The Local Fish Fund is a collaborative effort spearheaded by the Alaska Sustainable Fisheries Trust, a Sitka-based nonprofit organization that protects and promotes fishing and fisheries. The loan fund aims to support Alaska’s fishing communities by reducing specific barriers to entry into commercial fisheries and engaging next-generation fishermen in marine stewardship and policy leadership.  Alaska Sustainable Fisheries Trust was supported in setting up and capitalizing the fund by The Nature Conservancy, Craft3, Rasmuson Foundation, and Catch Together.


“The cost and risk involved in accessing Alaska’s quota share fisheries are comparable to purchasing a hotel as a first step in home ownership,” says Linda Behnken, commercial fisherman and founding member of the Alaska Sustainable Fisheries Trust. “As a result, the number of young rural residents entering the fisheries has dropped over the past 15 years. Local Fish Fund aims to change that trend by lowering barriers to entry while engaging the next generation of community-based fishermen in resource conservation and management.”  


The Local Fish Fund loan structure has been developed in close consultation with commercial fishermen in Alaska to increase local ownership of halibut and sablefish quota. Traditional commercial fish loans require fixed payments, like a home loan. This presents substantial risk for entry-level commercial fishing businesses because the allowable catch and fish price can vary dramatically from year to year. In contrast, the Local Fish Fund loans use a “revenue participation” approach in which loan repayment is based on fish landings rather than a fixed loan repayment structure. The Local Fish Fund offers loans with competitive interest rates and reduced down payment options, and allows fishermen to build sufficient equity to eventually access conventional loans.


In addition to providing easier access to quota purchase, this loan program has been developed to increase marine stewardship and leadership capacity in the field of sustainable fisheries management. Loan recipients will be incentivized to participate in a flexible set of conservation programs that contribute to sustainable fisheries management by collecting better scientific data; engaging in policy and management decision-making; and working on conservation education and outreach.


“Alaska has some of the most sustainably managed fisheries in the world,” says Christine Woll, the Southeast Alaska program director for The Nature Conservancy. “This is due in large part to Alaskans having an active voice in how our fisheries are managed. Encouraging local participation in our commercial fisheries helps foster a long-standing Alaska tradition of community-based stewardship of our natural resources.”


The launch of this loan fund was made possible by a unique collaboration that brought together varied expertise across fisheries, conservation, and finance. In addition to the  Alaska Sustainable Fisheries Trust, the launch of the fund was supported by the Alaska Longline Fishermen’s Association, which has a long history of leadership in Alaskan fisheries management; The Nature Conservancy, which has worked with fishing communities to develop economic incentives for fisheries conservation in communities across the globe; and Craft3, a community development financial institution, which provides loans to benefit Pacific Northwest communities, and is originating and servicing loans on Local Fish Fund’s behalf. The Rasmuson Foundation and Catch Together have capitalized the loan fund, which will seek to make a series of loans over the next two to three years.


“We know how important quota ownership is to fishing communities in Southeast Alaska, and we are pleased to be a financing partner to the Local Fish Fund and its program to keep quota in the hands of local fishermen” says Kelly Wachowicz, Managing Partner of Catch Together.


“Joining Alaska Sustainable Fisheries Trust and The Nature Conservancy to launch the Local Fish Fund makes perfect sense to Craft3. This effort expands on our decades-long commitment to sustainable fisheries, conservation, and community development,” stated Craft3 President & CEO Adam Zimmerman. “The Local Fish Fund’s flexible credit and conservation incentives will preserve local fishery ownership, build equity in communities and families, and sustain fisheries health. This can be a model for how private, nonprofit, and philanthropic partners can work together to invest in current and next generation fishermen committed to sustainability.”


“The Local Fish Fund relies on creative thinking – and strong local and national partners – to open up economic opportunities in one of Alaska’s most valued industries, fishing,” said Chris Perez, Rasmuson Foundation senior program officer.



For more information, press only:

The Alaska Sustainable Fisheries Trust

Linda Behnken
907-738 3615


The Nature Conservancy

Dustin Solberg

(907) 424-5101


Carl Seip, VP Communications and External Affairs

(888) 231-2170, Ext. 121

Catch Together

Erica Boyce Murphy



Rasmuson Foundation

Lisa Demer, communications manager






For more information on Product:




About Alaska Sustainable Fisheries Trust:

The Alaska Sustainable Fisheries Trust is a nonprofit corporation based in Sitka, Alaska.  Alaska Sustainable Fisheries Trust’s mission is to protect and support local fishing businesses, promote sustainable fishing practices, and revitalize fishing communities in Alaska.


About The Nature Conservancy:

The mission of The Nature Conservancy is to conserve the lands and waters on which all life depends. We achieve this mission through the dedicated efforts of our diverse staff, including more than 600 scientists, all of whom impact conservation in 72 countries, and with the help of our many partners, from individuals and governments to local nonprofits and corporations.


About Craft3:

Founded in 1994, Craft3 is a Pacific Northwest-based nonprofit community development financial institution that makes loans in Oregon and Washington to strengthen the resilience of businesses, families and nonprofits, including those without access to traditional financing. Craft3 has a long history of working with fishing communities to access capital and assistance that supports the resilience of the fisheries and seafood sector, fishing-related businesses/ entrepreneurs and their families. Craft3 conducts the Local Fish Fund’s loan underwriting and servicing activities under a fund management service agreement.


About Alaska Longline Fishermen’s Association:

ALFA is an alliance of small boat, commercial fishermen committed to sustainable fisheries and thriving coastal communities. In 2009, ALFA launched a Fishery Conservation Network (FCN) that engages fishermen in conservation initiatives to improve best fishing practices and the viability of small-scale fisheries. Local Fish Fund borrowers will participate in identified FCN projects.


About Catch Together:

Catch Together invests capital to support fishermen, fishing communities, and ocean conservation. Our team has partnered with fishing communities in New England, the Gulf of Mexico, California, Washington, Alaska and British Columbia to enlist fishermen as stewards of ocean resources through the acquisition and ownership of fishing quota. In 2018, Catch Together launched the Catch Together Fishermen’s Loan Fund, and has financed a total of over $10 million of fishing quota to date.


About Rasmuson Foundation:
Rasmuson Foundation was created in May 1955 by Jenny Rasmuson to honor her late husband “E.A.” Rasmuson. Through grantmaking and initiatives, the Foundation aims to promote a better life for all Alaskans.


F/V Drill Conductor course in Sitka February 12th

The Alaska Marine Safety Education Association (AMSEA) will offer a Fishing Vessel Drill Conductor class in Sitka on February 12 from 8:00 a.m. to 7:00 p.m. at the NSRAA building at 1308 Sawmill Creek Road. The class is free to commercial fishermen. The cost is $185.50 (including sales tax) to all others. Online registration for the class is available at Phone registration is available by calling the AMSEA office at 747-3287.

The class will include training with marine safety equipment, firefighting, flooding and damage control and other drills. The class will meet U.S. Coast Guard training requirements for drill conductors on commercial fishing vessels.


2019 IPHC Catch Limits Set

2019 IPHC Catch Limits

Alaska/Canada season dates: March 15--November 14

Results in SPR 47%

2019 IPHC Catch Limits

2019 IPHC Catch Limits

Remember 2C and 3A include catch sharing allocations to charter fleet.  

Last years numbers (2018) for reference:  

2A      1.32

2B      7.1

2C      6.34

3A     12.54

3B      3.27

4A      1.74

4B      1.28

4CDE 3.62

AMSEA Fishing Vessel Drill Conductor Class in Sitka Friday January 18

Laurie Mastrella fishes halibut, 2018. Photo credit: Celia Bower

Laurie Mastrella fishes halibut, 2018. Photo credit: Celia Bower

The Alaska Marine Safety Education Association (AMSEA) will hold a Fishing Vessel Drill Conductor class in Sitka on Friday, January 18th from 8:00 a.m. to 7:00 p.m. at the NSRAA office at 1308 Sawmill Creek Road. There is no charge for commercial fishermen attending the class. Online registration is available at or by calling (907)747-3287. The class will cover cold-water survival skills, marine distress communications, man-overboard drills, flooding, firefighting and use of safety equipment. The course meets U.S. Coast Guard training requirements for drill conductors on commercial fishing vessels.

AMSEA First Aid/CPR course in Sitka January 17

Photo credit: Graham Kraft 2018

Photo credit: Graham Kraft 2018

The Alaska Marine Safety Education Association will hold a first aid, CPR and AED class from 8:00 a.m. to 5:00 p.m. at the NSRAA building, 1308 Sawmill Creek Road, on Thursday, January 17, 2019. Participants will receive a Coast Guard accepted, two year certificate. The cost is $100.00. Interested persons can register online at or call (907) 747-3287.

NOAA report recommends employing more rural and Native Alaskans

A recently published report by the Alaska Region of the National Oceanic and Atmospheric Administration (NOAA) determined that the agency could improve the representativeness of Alaskans in the agency workforce, particularly rural Alaskans and Alaska Natives. Alaska’s coastal communities are primarily rural areas, and Alaska Natives comprise half of the coastal community population. The agency will begin to work to address the need for a diverse workforce.

The report recognizes that a broader range of local perspectives and skills will be valuable as the agency faces unique challenges, particularly ecosystem changes associated with melting sea ice, warmer weather and related changes to the marine environment. Also, most of the agency’s work occurs in Alaska’s coastal communities, heightening the need for local engagement. Additional benefits that may accrue from a more local workforce include reduced staff turnover and an improved policy decisionmaking process.

Council sets 2019 sablefish quotas

On Thursday, December 6th, the North Pacific Fishery Management Council adopted harvest specifications for the 2019 season. The sablefish quota will be 11,571 metric tons (25.5 million round pounds). The projected harvest will be similar to the 2018 catch of 11,716 metric tons (with deliveries reported through November 8th). The breakdown by fishery area is as follows:

Southeast Outside: 2,984 metric tons/6,578,526 round pounds

West Yakutat: 1,828 metric tons/4,030,008 round pounds

Central Gulf: 5,178 metric tons/11,415,418 round pounds

Western Gulf: 1,581 metric tons/3,485,472 round pounds

Projections are for increased catch limits in 2020, with a total catch limit of over 34 million round pounds with increases of roughly 25 percent in each fishery area.

Federal Communications Commission prohibition on use of AIS for fishing buoys

The Federal Communications Commission (FCC) issued Enforcement Advisory No. 2018-04 on November 28, 2018 advising fishermen and merchants that its rules prohibit the use of Automatic Identification Systems (AIS) frequencies on fishing buoys. The FCC authorizes AIS solely for marine navigation purposes and believes that using it on fishing buoys would disrupt maritime communications and increase the risk of accidents. The FCC may impose substantially monetary penalties - thousands of dollars per day - on anyone advertising, selling, or using non-compliant buoys or other non-compliant AIS equipment.

The full notice is available at:

More information is available from the U.S. Coast Guard website at:

AMSEA Drill conductor workshop in Sitka December 1st

The Alaska Marine Safety Education Association (AMSEA) offers a Fishing Vessel Drill Conductor workshop in Sitka on Saturday, December 1, from 8:00 A.M. to 7:00 P.M. at NSRAA at 1308 Sawmill Creek Road. The workshop is free to commercial fishermen and will help fishermen meet U.S. Coast Guard requirements for drill conductors on fishing vessels. Online registration is available at or by phone at 907-747-3287.