Federal Register - September 2, 2021
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Source: Federal Register
49286
Federal Register / Vol. 86, No. 168 / Thursday, September 2, 2021 / Proposed Rules
lotter on DSK11XQN23PROD with PROPOSALS1
the need for a commercial closure of the EEZ.
The increase in the commercial quota from 50,000 lb 22,680 kg to 73,116 lb 33,165 kg would allow for an additional 23,116 lb 10,485 kg of cobia to be sold by small commercial fishing businesses. As stated previously, an average of 17 percent of annual commercial landings of cobia are from the EEZ, and 17 percent of the 23,116lb 10,485 kg increase translates to an additional 3,930 lb 1,782 kg of Atlantic cobia that could be harvested from the EEZ annually.
The average dockside price of Atlantic cobia has increased in the past 4 years, and especially since 2019. Using the average dockside price from 2019
through 2020, an additional 3,930 lb 1,782 kg of cobia would translate to additional revenue of $16,427 2019
dollars, and if spread evenly across the average 113 small commercial fishing businesses that report harvesting Atlantic cobia annually, each of those small businesses would benefit with an additional $145 annually 2019 dollars in revenue. For the 113 commercial fishing vessels and small businesses that operate them, that additional revenue represents up to 0.13 percent of their average annual revenue from all
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landings. If the less than five small forhire fishing businesses that, on average, annually sell bag-limit quantities of cobia harvested from the EEZ were to double their revenues from cobia sales, those increases would represent 0.01
percent or less of their average annual revenue.
Based on the analysis described above, NMFS concludes that this rule would not have a significant economic impact on a substantial number of small businesses. Therefore, an initial regulatory flexibility analysis is not required and none has been prepared.
This proposed rule contains no information collection requirements under the Paper Reduction Act of 1995.
List of Subjects in 50 CFR Part 697
Atlantic, Cobia, Fisheries, Fishing, South Atlantic.
Dated: August 30, 2021.
Samuel D. Rauch III, Deputy Assistant Administrator for Regulatory Programs, National Marine Fisheries Service.
For the reasons set out in the preamble, 50 CFR part 697 is proposed to be amended as follows:
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PART 697ATLANTIC COASTAL
FISHERIES COOPERATIVE
MANAGEMENT
1. The authority citation for part 697
continues to read as follows:
Authority: 16 U.S.C. 5101 et seq.
2. In 697.28, revise paragraph f1
to read as follows:
697.28
Atlantic migratory group cobia.
f
1 Commercial quota. The following quota applies to persons who fish for cobia for commercial purposes73,116
lb 33,165 kg. If the sum of the cobia landings that are sold, as estimated by the ASMFC, reach or are projected to reach the quota specified in this paragraph f1, then the ASMFC will notify NMFS of the need for a commercial closure of the EEZ. NMFS
will then subsequently file a notification with the Office of the Federal Register to prohibit for commercial purposes the harvest, sale, trade, barter, or purchase of cobia for the remainder of the fishing year.
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