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Halibut fishery

The North Pacific commercial halibut fishery dates to the late 19th century and today is one of the region's largest and most lucrative. In Canadian and US waters, long-line fishing predominates, using chunks of octopus ("devilfish") or other bait on circle hooks attached at regular intervals to a weighted line that can extend for several miles across the bottom. The fishing vessel retrieves the line after several hours to a day. The effects of long-line gear on habitats are poorly understood, but could include disturbance of sediments, benthic structures, and other structures.

International management is thought to be necessary, because the species occupies waters of the United States, Canada, Russia, and possibly Japan (where the species is known to the Japanese as ohyo), and matures slowly. Halibut do not reproduce until age eight, when about 80 cm (30 in) long, so commercial capture below this length prevents breeding and is against US and Canadian regulations supporting sustainability. Pacific halibut fishing is managed by the International Pacific Halibut Commission.

For most of the modern era, halibut fishery operated as a derby. Regulators declared time slots when fishing was open (typically 24–48 hours at a time) and fishermen raced to catch as many pounds as they could within that interval. This approach accommodated unlimited participation in the fishery while allowing regulators to control the quantity of fish caught annually by controlling the number and timing of openings. The approach led to unsafe fishing, as openings were necessarily set before the weather was known, forcing fishermen to leave port regardless of the weather. The approach limited fresh halibut to the markets to several weeks per year when the gluts would push down the price received by fishermen.