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The concept of maximum sustainable yield (MSY) has been used in fisheries science and fisheries management for more than a century. Originally developed and popularized by Fedor Baranov early in the 1900s as the "theory of fishing," it is often credited with laying the foundation for the modern understanding of the population dynamics of fisheries. [1]
Bycatch can increase substantially the uncertainty concerning total fishing-related mortality, which increases difficulty to assess the status of stocks, to set the appropriate Optimal Yield and define overfishing levels. and to ensure that Optimal Yields are attained and overfishing levels are not exceeded.
The fishing industry is worth $4 billion annually, as of 2010. [18] Fish harvesting and processing corporations are invested in the political process to maximize their profits, to protect against foreign competition and to prevent regulations from making their proprietary information available to the public.
The Gordon-Schaefer model is a bioeconomic model applied in the fishing industry.It may be used to compute the maximum sustainable yield.It takes account of biological growth rates, carrying capacity, and total and marginal costs and revenues.
The Sustainable Fisheries Act of 1996 is an amendment to the Magnuson-Stevens Fishery Conservation and Management Act, a law governing the management of marine fisheries in the United States. Another major amendment to this legislation was later made under the Magnuson-Stevens Fishery Conservation and Management Reauthorization Act of 2006 .
The maximum sustainable yield is usually higher than the optimum sustainable yield and maximum economic yield. MSY is extensively used for fisheries management . Unlike the logistic ( Schaefer ) model, [ 1 ] MSY has been refined in most modern fisheries models and occurs at around 30% of the unexploited population size.
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Three ways of defining a sustainable fishery exist: Long term constant yield is the idea that undisturbed nature establishes a steady state that changes little over time. Properly done, fishing at up to maximum sustainable yield allows nature to adjust to a new steady state, without compromising future harvests. However, this view is naive ...