Coupling Recruitment Forecasts with Economics in the Gulf of Maine's American Lobster Fishery

Accurate predictions of fishery recruitment and landings represent an important goal of fisheries science and management, but linking environmental drivers of fish population dynamics to financial markets remains a challenge. A fundamental step in that process is understanding the environmental drivers of fishery recruitment. American lobster (Homarus americanus) populations of the northwest Atlantic have been undergoing a dramatic surge, mostly driven by increases the Gulf of Maine. Settler-recruit models that track cohorts after larvae settle to the sea bed are proving useful in predicting subsequent fishery recruitment some 5-7 years later. Here we describe new recruitment forecasting models for the lobster fishery at 11 management areas from Southern New England to Atlantic Canada. We use an annual survey of juvenile year-class strength and environmental indicators to parameterize growth and mortality terms in the model. As a consequence of a recent widespread multi-year downturn in larval settlement, our models suggest that the peak in lobster abundance in the Gulf of Maine will be passed in the near future. We also present initial steps in the coupling of forecast data with economic models for the fishery. We anticipate that these models will give stakeholders and policy makers time to consider their management choices for this most valuable of the region’s fisheries. Our vision is to couple our forecast model outputs to an economic model that captures the dynamics of market forces in the New England and Canadian Maritime lobster fisheries. It will then be possible to estimate the financial status of the fishery several years in advance. This early warning system could mitigate the adverse effects of a fluctuating fishery on the coastal communities that are perilously dependent upon it.