Standard Times reported the following on 2/1/05
Council limits herring vessels
New regulations to take effect in 2007, New England fishing regulators voted to limit the number of fishing vessels that can catch Atlantic herring in a move to stabilize the growing fishery.
Under the new rules that take effect in 2007, vessels that entered the herring fishery after 2003 will no longer be allowed to catch Atlantic herring. Future boats will also be barred from the fishery.
This would eliminate so called "derby fishing" when vessels race against each other to catch as much of the quota as they can before the fishery is closed, As more vessels enter the fishery, the incentive to race for fish will grow. Derby fishing can lead to overfishing and cause negative impacts.
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