Investments

Bank Of America Investment The state needs to triple its investment in research and management to keep the fishing industry viable, according to a report by the New Jersey Marine Fisheries Council.

Coastal Conservation Association (CCA) setting decision by the Gulf of Mexico Fishery Management Council (GMFMC) fishing zones in the Gulf of Mexico.

Investment Opportunity Currently, the state spends about $3.5 million annually to research and manage marine fish and shellfish harvests, according to a council report discussed at a forum this month in Toms River. Funding currently is through a state appropriation and a federal excise tax on boat fuel and fishing tackle.

If you share our concerns we urge you to contact the Pacific Fishery Management Council via email, fax or mail. We have provided a short statement that can be used,

Banc Of America Investment An additional $6.5 million is needed to fully implement marine research, management and enforcement needs, according to the council. The extra money would help meet federal requirements that could otherwise close recreational and commercial fisheries for some species.

Franklin said hunters from Deer Management Systems only hunted in the afternoon because of inclement weather, which contributed to the low number. The Borough Council recently allocated an additional $8, 000 for the deer management program. The council allocated a total of $25, 500 for the hunt. Franklin said the council's goal was to kill as many as 120 before the program ended for the current hunting season.

Banking Investment State spending to manage fisheries in New Jersey ranks 12th among the 14 Atlantic coast states, council Chairman Gilbert Ewing said.

Staff In Florida waters, which extend 3 nautical miles into the Atlantic and 9 into the Gulf, snapper aggregate bag limit, and they must measure at least 12 inches in total length. Federal regulations in the Gulf of Mexico and Atlantic are the same. "The outlook for yellowtail is good, " says Robert Mahood, executive director of the South Atlantic Fishery Management Council. "We don't see any need to change regulations at this point."

Investment Solution Strategic The forum explored examples of funding mechanisms used in other states, including a boat-fuel tax, a percentage of state sales tax plus a state conservation tax on sporting goods, a portion of state lottery proceeds, recreational fishing licenses and conservation license plates.

The single greatest threat is obviously lack of fish. That leads you to what causes the lack of fish. It's overfishing. It's a management system and fisheries managers who don't work proactively to prevent fisheries problems. They react based on politics of the moment and not on good science. The greatest threat to sport fishing is that fisheries managers continue to fail to err on the side of the resource.

Investment Banking Services Additional forums will be held in New Jersey beginning early in 2003.

Bank Investment By Jack Kaskey
The Press of Atlantic City - 11/20/2002

Topic: Ocean

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