CALIFORNIA — Fishermen in California will be getting the most money for their catch on the market in more than two decades, after the state signed a $50 billion deal with the International Whaling Commission to auction off the licenses for the first time.
The state and the International Trade Commission have been negotiating for months on a final agreement that would give the industry access to $1.6 billion annually in royalties for the next 15 years.
The deal, which has been negotiated behind closed doors since July, will set the stage for the lucrative auction, which will begin in October and run through the end of 2022.
It also sets up the auction for California to be the first state in the nation to see the value of the licenses, with $1,000 a day on the table for the state’s biggest fish and $100,000 for every catch.
It could generate billions in revenue for the industry, with the state getting $1 billion over a five-year period.
The auction has generated a lot of buzz in the industry.
Fishermen and environmentalists are worried about the future of fishing, and the proposed changes to the industry will be a boon to fishermen who have been struggling with low pay.
The deal has raised questions about whether the state is being fair to the fishermen and will be used to unfairly punish the industry at a time when the state needs the money most.
Critics say the deal will help the industry while doing little to protect fishermen from other threats.
They say the bill is a waste of money and could jeopardize the environment.
A recent poll conducted by the Southern California Waterfowl Center found that 73 percent of those surveyed said they support the industry moving forward.
The poll was conducted in conjunction with a national poll of nearly 2,000 people conducted last month by Public Policy Polling.
It was the first of its kind in the United States.
Only five states have an annual auction of licenses, which allow fishermen to capture a certain amount of fish per day and have the right to sell them to another state.
California has the most, with an annual license for fish weighing up to 4.7 pounds per day.
The state currently holds $1 million in royalty payments annually.
But the new deal will allow the state to spend that money on things like salaries for fishermen.
The revenue from the auction will be shared between the state, the International Trading Commission and the California Marine Fisheries Commission.
The amount depends on how many fish are caught and how many years it takes to sell the licenses.
The new deal is a victory for environmental groups who have long pushed for more protection for the fishery.
They were concerned about the impact of the sale of the permits and how much the state would be spending on licenses.
They also had concerns about the financial impact on the fishing industry.
The proposal is still in the early stages and will likely change as the process goes forward, said Jeff Wirth, president of the Southern Pacific Fishery Coalition.
The International Trade Council and the American Fisheries Institute have lobbied hard against the bill.
The organizations have argued that the licenses would be used for the benefit of a handful of large companies that benefit from the industry and have already invested heavily in lobbying efforts.
The International Whalers Association has said the agreement will hurt the industry because it will reduce the incentive for fishermen to buy the licenses and could lead to a sharp drop in the number of licenses available.
The American Fisheries Council said the deal would put too much of the burden on California.
The council represents a variety of fisheries industries, including salmon, steelhead, striped bass and other big fish.
It has spent more than $50 million lobbying the state since 2010, said the group’s vice president for government affairs.
“We hope this bill is the beginning of a national conversation about how to address this issue,” said Paul Gagnon, a lobbyist for the council.
The agreement is the culmination of months of discussions between the trade groups, said Gagnons chief lobbyist, Bob Meeks.