Business investment incentivizes fisher practices that foster mutual interest of enduring sustainability.
It’s about a belief in carrots versus sticks and the positive power of self-determination.
The data factor
If traceability data is fundamental to guiding effective fishery management decisions, what is the best way to gather it? We believe the best way to gather data is to incentivize fishers by providing access to vessel electronic tracking systems that make it easy, if not even passive, to do. In order to ensure reliable data collection, all of the artisanal fleet’s catch going through PT Bali Seafood International (BSI) will come off of boats with the Pelagic Data Systems vessel tracking hardware. In exchange, fishers who participate in the traceability program will earn a higher price by accessing our supply chain and the international markets we serve.
Fish maturity and Pay for Grade
Today, Indonesian fishers are incentivized to keep everything they catch. Predatory middlemen will take the full load, paying no market related prices and not discriminating between species or fish maturity. Even after accepting the whole catch, middlemen often delay their payments to fishers. Our goal is to replace this behavior altogether.
With BSI’s incentive-driven model, we will move to a pay-for-grade system that, over time, will exclude immature and brood stock. Middlemen are removed and BSI pays a premium for mature, healthy fish that have been kept on ice and cared for appropriately. Ice access is part of our informal contract, as we will exchange ice for fish at our daily buying stops. Plus, we will commit to paying fishers within 24 hours — a stark contrast to the iffy compensation system they’ve been subjected to, where payment takes days or even weeks, and is not even guaranteed.
We are moving to a model that rewards responsible fishing practices every step of the way.