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<titleInfo>
 <title>Commercial Fisheries: Effectiveness of Fishing Buyback Programs Can Be Improved</title>
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<abstract>Fish populations in many commercial fisheries are declining,
resulting in a growing imbalance between the number of vessels in
fishing fleets and the number of fish available to catch.	 
Federally funded fishery buyback programs are one tool available 
for managers to bring the number of vessels and the number of	 
fish back into balance. Buyback programs need to be carefully	 
designed if they are to be effective in helping to ensure	 
sustainable fisheries. If buyback programs are not accompanied by
other measures that reduce incentives to reenter a fishery,	 
capacity reductions resulting from buybacks will erode. Unless a 
buyback program prevents it, fishermen can use previously	 
inactive vessels or permits and reenter the buyback fishery. By  
themselves, the buyback programs do not address a root cause of  
overfishing, which is called the &apos;&apos;race to fish.&apos;&apos; In most	 
fisheries, fishermen have an incentive to increase their fishing 
capacity to catch fish before someone else does or use their	 
existing capacity more intensely. Plans for evaluating the	 
results of buybacks should also be considered when these programs
are being designed. Measuring and evaluating results can identify
important lessons that can improve the effectiveness of future	 
buybacks. The federal government has done little to evaluate	 
whether recent buyback programs have achieved their intended	 
benefits. This testimony summarizes the October 1999 report,	 
RCED-00-8R; and the June 2000 reports, RCED-00-120.</abstract>
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<note>Testimony</note>
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