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Author Topic: Crab buyback on VMRC Commission aggenda  (Read 1343 times)
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Tom Powers
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Location: Poquoson VA




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« on: July 15, 2009, 08:13:06 PM »

For the full agenda go to:  http://www.mrc.state.va.us/Commission_Agendas/ca0709.shtm

14.  CRAB LICENSE BUY-BACK PROGRAM:  Approval of procurement procedures and request for public hearing to amend Regulation 4VAC20-1040 to incorporate the buy-back program.

My understanding is that they are going to do this in a similar manner to MD in that it is a reverse auction.  Folks put in their bids and the lowest ones win.  What we were told at the Advisory Committee was that there would be three categories each with a specific amount totaling something like $5 million.  The three categories are

(a) on the waiting list (i.e. no harvest over the basis years),

(b) minimal harvest over the basis years,

(c) nominally a moderate to substantial catch over the basis years. 

I also understand that there is a maximum amount that they will pay on any given category but that this number is a closely held secret.
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