Catch share

Catch share is a fishery management system that allocates a secure privilege to harvest a specific area or percentage of a fishery's total catch to individuals, communities, or associations. Examples of catch shares are individual transferable quota (ITQs), individual fishing quota (IFQs), territorial use rights for fishing (TURFs), limited access privileges (LAPs), sectors (also known as cooperatives), and dedicated access privileges (DAPs). Catch share is a fishery management system that allocates a secure privilege to harvest a specific area or percentage of a fishery's total catch to individuals, communities, or associations. Examples of catch shares are individual transferable quota (ITQs), individual fishing quota (IFQs), territorial use rights for fishing (TURFs), limited access privileges (LAPs), sectors (also known as cooperatives), and dedicated access privileges (DAPs). Catch shares provide long-term secure privileges to participants and, in theory, an incentive for efficient, sustainable use of fish stocks. Actual outcomes in terms of efficiency and ecological sustainability are varied, based on design and implementation of the program.