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Alaska's Investment in Salmon Industry Pays Off

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EARNING WITH THE FISHES
DailyFeed
Alaska's commercial salmon fishermen caught 169 million fish this year--one of the largest harvests since the state became a state.

In all, the season brought in $533.9 million--the most in 18 years.

Econ 101 stipulates that when supply is high, prices drop.

But Geron Bruce, the Alaska Department of Fish and Game's assistant director for commercial fisheries, says that during a salmon industry slump in the late 90s and early 2000s, Alaska's congressional delegation "pumped millions of dollars into revitalizing the state's commercial fisheries, with money for marketing and developing new seafood products."

This resulted in increased production of "value-added Alaska salmon products" like burgers and fillets (sold at national outlets like Costco), and a salmon marketing program that created consumer demand for wild salmon versus farm-raised.

Of course, this begs the question:

Did a stimulus program of sorts--gasp!--actually work?
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TAGS:  STIMULUS, ALASKA, SALMON    SOURCE:   Anchorage Daily News

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