- Identifying business models that may enhance the New England groundfish sector viability and profitability.
- Identifying optimum marketing strategies that would sustainably increase landings value and the diversity in employment opportunities for both multi-day trip boats and day boats.
- Examining how sensitive the market is to the landings volume and what happens when those landings are redistributed, as they have been under the groundfish industry’s transition to a catch share system.
- The monthly price of cod landed in New England fluctuates greatly and is quite responsive to changes in the quantities landed (Figure below).
Figure: Monthly Landings and Prices of Atlantic Cod in the U.S. Source: Personal communication from the national marine fisheries Service, Fisheries Statistics division, Silver Spring, MD.