Catch Together Module 6

Equipping the organization

Most permit banks will need to purchase their own permits in order to begin leasing to fishermen. Before you make your first deal, there are some important factors to consider, such as how you’ll cover the purchase price, what defines a reasonable purchase price, and where to find that permit.

Module-6.jpg
 
 

Lesson 6.1

Raising Capital

Time: 2 hours


Participant Guide

Facilitator Guide

Video Class

This lesson will help you determine the best strategies for meeting your capital needs.

Before you start to hunt for funds, take a look within your organization and see what resources may be there to help you in your search.

By the end of this lesson you will be able to:

  • Understand the financial needs of the organization.
  • Consider how those needs can be met.
  • If organization is a nonprofit, understand how that limits and potentially expands resources.
 
 
 

Lesson 6.2

Drivers of Quota Value

Time: 2 hours


Participant Guide

Facilitator Guide

Video Class

This lesson will help you determine how much it will cost to buy the permits and quota for the permit bank.

Quota prices are usually expressed in $/pound. The price of quota is driven by buyers’ and sellers’ beliefs about how much can be earned through ownership of the quota.

By the end of this lesson you will be able to:

  • Develop an understanding of the key drivers of quota value to support your quota acquisition strategies.
 
 
 

Lesson 6.3

Buying Quota

Time: 2.5 hours


Participant Guide

Facilitator Guide

Video Class

This lesson will help you figure out how to find permits and quota. 

Your first concern when deciding what permits to buy should be what your community needs. 

By the end of this lesson you will be able to:

  • Determine what fisheries we should target with quota acquisitions and how much quota we need in each fishery.
  • Decide who our likely quota sellers and brokers are.
 

Next: Operations