The wild Atlantic salmon has many aspects to its value. In addition to the values associated with the fisheries (recreational, commercial and subsistence) and to fishery-related businesses, there are other values associated with the salmon itself. It is highly prized by society in general and is an indicator of environmental quality. These values are infrequently assessed, but may greatly exceed the values associated with the fisheries. Read more...
The goal is to ensure that the salmon stocks provide the greatest possible benefits to society and individuals.
The key issues in relation to the social and economic aspects of the Atlantic salmon are to:
- ensure that appropriate emphasis is given to the social and economic aspects of the Atlantic salmon;
- strengthen the socio-economic data as a basis for managing Atlantic salmon;
- integrate social and economic aspects and considerations in an open and transparent way into the decision-making processes within NASCO;
- disseminate information on the social and economic aspects of the wild Atlantic salmon in order to ensure that they are given due weight compared to other important commercial and public interests.
NASCO has developed Guidelines for Incorporating Social and Economic Factors in Decisions under the Precautionary Approach. These provide a framework for incorporating social and economic factors into decisions which may affect the wild Atlantic salmon and the environments in which it lives. Read more...
Further information on Socio-Economic Values of Salmon: