Bering Sea crab fleet buyback details still must be worked out

Alaska Journal of Commerce | February 25, 2001

It’s called the Capacity Reduction Program for Bering Sea/Aleutian Islands Crab Fisheries - buyback for short. In late December Congress created the $100 million program to reduce the crab fleet. Fishermen say its necessary for their survival in a time of slashed crab quotas. Its good policy, says its sponsor, Sen. Ted Stevens, R-Alaska.

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