| Summary: | The cod resources in the Barents Sea constitute the most important fisheries in Norway. In order to reduce resource allocation conflicts among different gear and vessel groups and to ensure profit for all participants throughout the value chain, the sector is thoroughly organized. The institutions established to ensure long-term sustainability, have been developed within the framework of a joint Norwegian-Russian fisheries management regime. However, due to a very high fishing mortality, the cod stock is now under severe pressure. In addition, a major part of the cod fisheries is highly seasonal and unable to be a stable supplier to neither the land-based industry nor demanding international markets. In parallel, cod farming is expected to become a new emerging industry, with potential to copy the success of farmed Atlantic salmon. Many actors within the cod fisheries fear the future competition from the growing cod farming sector. With reference to important attributes that characterize the cod fisheries and cod farming, this paper discusses how a future farming industry may affect the traditional cod fisheries. Moreover, we discuss how the fisheries may be forced to organize in the future to encounter the expected competition from cod farming. Cod farming Cod fishing Sustainability Fisheries policy
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