Who Owns America's Fish?
Inside the decades-long fight over how the nation's most valuable fisheries are divided, and why a quiet allocation formula now decides who fishes, who profits, and who gets left at the dock.
A regional council vote rarely makes national news. But the formula behind it, drafted in the 1990s, amended in fragments ever since, quietly governs billions of pounds of catch. Our six-month review of council records, landings data, and permit transfers found a system that rewards incumbency and leaves new entrants with vanishing access.



