. Commercial fisheries review. Fisheries; Fish trade. The report covers only the groundfish in- dustry. Cod, haddock, hake, pollock, cusk and ocean perch were the specific species covered. Other segments of the New England fisheries--the Maine lobster and sardine, the scallop and the industrial fish industry pro- ducing fish meal, solubles, oil and other by- products--are not Emphasis has been given to costs and earnings in fishing for groundfish. In addi- tion to the cost analysis, organizational structure of the respective industries, labor market conditions, the role of governmen
. Commercial fisheries review. Fisheries; Fish trade. The report covers only the groundfish in- dustry. Cod, haddock, hake, pollock, cusk and ocean perch were the specific species covered. Other segments of the New England fisheries--the Maine lobster and sardine, the scallop and the industrial fish industry pro- ducing fish meal, solubles, oil and other by- products--are not Emphasis has been given to costs and earnings in fishing for groundfish. In addi- tion to the cost analysis, organizational structure of the respective industries, labor market conditions, the role of government, and other factors were considered. The study also reviews some of the economic principles involved in the catching operations of the domestic industry, including the principles involved in maximizing gross income from a fluctuating resource such as is involved in this industry. Suggestions are given concerning a more rational approach to the fish catching opera- tions of the domestic industry. In the report Boston College suggested diversifications in the catch objectives as a partial answer to the fishermen's problem, "it would lessen the danger of dependence on one species of fish," the report points out. "Whether and how this diversification could be accomplished will depend on a number of biological and eco- nomic factors," the authors say. The New England groundfish industry has been beset with difficult problems. A sub- stantial portion of these problems relate to the vessel operation stage. Partially because of the difficulties of this other group, the Fish- ery Loan Fund, operated by the Department, was established in 1956. Loans made toves- sel operators in this industry have, to some extent, helped to ease their economic diffi- culties. In 1960 a fishing vessel construction differential subsidy was authorized by the Congress for a period of three years. This program is now being implemented. The De- partment is authorized to pay up to one-third
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