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Lake & Peninsula Census Region
population: 1,641
The Lake and Peninsula Borough consists of small commercial fishing communities and traditional native villages located in Southwestern Alaska. Most residents rely heavily on subsistence resources. The borough sees a large influx of fishing vessels and seafood processors during the summer months. Chignik, on the eastern side of the peninsula has an important purse seine fishery, while Egegik on the western side depends upon the Bristol Bay drift net fishery. Other communities focus on localized fishing efforts in the Aleutians management area. Floating and shore based processors operate in several locations.
In recent years low salmon prices have severely impacted the area's economy. The downturn has caused many fishermen to drop out of the fishery. In 2002, the number of salmon vessels in the Aleutians-Peninsula area M salmon fisheries fell to 154, down from the 281 of 1992. Limited entry permits that had reached values of nearly $400,000 as late as 1993 were selling for less than one-tenth that amount in 2002. Because the borough's revenues largely depend upon the fish taxes generated by local processors, the decline of the fisheries has had adverse budgetary consequences for local governments. In 2002, many Chignik fishermen joined an innovative cooperative fishery that reduced the number of vessels and shared the proceeds of an allocated harvest among participating permit holders.
For more info on Lake & Peninsula Census Region visit the Alaska Department of Labor
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