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Aquaculture

Please Stop Loaning Money to CIAA – They are $20,000,000.00 in Debt

February 24, 2026 by Commercial Fisherman Leave a Comment


CIAA is twenty million dollars in debt to the State of Alaska and has no viable way of paying it off, ever. By their accounting, they have assets valued at $8.7 million, debt of $19 million, and they go further in debt every year. There is no project in the world that can fix this.


CIAA receives (on average) less than half-a-million dollars a year from the 2% fish tax. If they ceased operations now (stop going further into debt!) the fish tax could pay the loans off over the next 40+ years. If they are allowed to continue to increase that debt (given another un-repayable loan) eventually a bankruptcy judge will extinguish CIAAs’s entire debt to the State of Alaska as completely un-payable. It would be against the State’s best interest to let that happen. 


Any worthwhile project operated by CIAA right now (i.e. pike eradication in upper Cook Inlet) can be done by watershed protection groups. The balance of program benefits vs. cost is so negative that it isn’t worth maintaining. The most prudent action now is for the Division of Investments to stop providing un-repayable loan funds; CIAA to cease operations; designate all future 2% fish tax funds toward debt re-payment.


My summary of CIAA Financial problems: the organization was founded and sustained with excessive grant monies (via Ted Stevens) until 2008. By 2010 CIAA was scrambling to keep their multi-million dollar unsuccessful projects funded, but were unable to understand the need to make projects actually pay off. It was (and still is) too difficult of a switch. The entity was created to funnel huge amounts of federal funds to Alaskan pockets–NOT to succeed. The long list of worthless projects they’ve initiated have only HARMED natural runs. The CIAA director in 2010 told a Board of Fish work-team that he had no idea what a business plan was (I was there).

I cry to think of the *good* those millions and millions of dollars might have done in the hands of people who truly care about Alaska’s resources,

Filed Under: Aquaculture, Farmed Fish, Hatcheries, Politics, salmon

My History with Cook Inlet Aquaculture Association

February 24, 2026 by Commercial Fisherman Leave a Comment

I have been commercial fishing since 1973, owner of my own seiner since 1983

I’ve been negatively impacted by this organization for the past 15 years—longer if you include the mismanagement prior to 2010, which I’ve summarized below.

In Kachemak Bay, CIAA started a hatchery inside Tutka Lagoon, They ruined a great fishery there. We use to have a lagoon opener there every year in July—a natural pink salmon run. Before CIAA took over fishermen made a great living in K-bay. Now most of K-Bay is planted terminal fisheries, which they have to plant annually.

Resurrection Bay in Seward had a great pink and chum fisheries from 1974 to 1990. 

History on Bear Lake: The FRED division took over Bear Lake in the 70’s and poisoned the lake for the benefit of coho, but they let about 1000 sockeyes every year into the lake. They abandoned the project and eventually CIAA stepped in.

When CIAA took over in Resurrection Bay, they planted fish in Grouse Lake, didn’t implant them properly so the sockeyes milled around in saltwater till they were ready to spawn, then went up the river. CIAA didn’t let any fish into the lake and ended up selling them all for dogfood at .10 a lb. After several years’ mistakes they succeeded in wiping out the natural run there.

Next, they targeted Bear Lake, which was never suppose to have any cost recovery. They formed the Bear Creek Management Plan which would give them a 50/50 split with common property for the fishermen. 

But in 2010, when CIAA’s cash pipeline from the federal government went dry, they petitioned the Board of Fish for 100% of Resurrection Bay salmon catch, going as far as attempting to stop sport fishing as well as commercial fishing in a desperate attempt for money. Although this is a violation of Alaska law, by designating a natural resource to a single user group, the BOF granted them 2 years since that is when the BOF would meet again for Lower Cook Inlet Area. 

In 2012 CIAA requested to keep taking 100%. The BOF told them they need to put together a committee to solve their financial problems. The board consisted of 2 CIAA board members, 2 commercial fishermen (who were both on the CIAA board), and 2 ADF&G Biologists, one being the senior biologist—Lee Hammarstrom. The meeting lasted less then 1 minute: Lee walked in, said “You can have them all. Meeting’s over.” Then he left. 

Since CIAA started taking 100% of the Bear Lake run, the common property fisheries have had very little, just mainly the clean up after the cost recovery boats leave, which is basically nothing.

From 2010 to 2025, CIAA has taken 1.1 million sockeyes out of Resurrection Bay. At a 4.5 average that’s about 4,950,000 lbs of sockeyes that CIAA gets premium money for since it is a early run and competes with the prices of Copper River Sockeyes. The Fishermen get nothing from it.

Since CIAA took over and introduced a early run sockeye from Tustumena Lake stock—to compete with Copper River for a better price—the local natural run has been decimated. CIAA lets 13.500 early run sockeyes into the lake then they sell anything after that for cost recovery (any of the natural run that makes it upriver) and the take broodstock from the 13,500 fish allowed in. It’s a vicious, killing cycle that has wiped out the natural Bear Lake stock.

That’s how CIAA manages their areas—for perpetual “management” not to benefit the natural stocks. Since CIAA took over commercial fisherman have lost millions of dollars from destroyed fisheries or closed fisheries under CIAA managed projects: both pink and chum runs in Resurrection Bay and the pink fisheries in K-Bay.

Fisherman use to make $200-$300K a year in K-bay but once CIAA took over they were lucky to make $50-$100K a year. 

CIAA creates terminal fisheries, mainly for their board members to be able to fish locally in K-Bay and to justify interception of upper inlet sockeyes.

CIAA has been taking 100% of the fish they produce, decimating natural runs, and they are going further and further in debt. This needs to stop.

The community of Seward is negatively impacted by the Bear Creek weir, which is grossly mismanaged (I have videos on YouTube). The manufactured stock is not healthy and the natural run has been sabotaged, not protected. It sickens me what CIAA has done in my home.

Trail Lakes Hatchery was marginal, at best, when the state divested itself of the facility in 1988. It’s been a mess ever since with disease and bad water, and needs to be returned to the state for conversion to a tourist facility or destruction.

The only reason the Board of CIAA continues to fight to keep their existence is to have a cover for intercepting Upper Cook Inlet sockeye salmon. Of the 1,400 permit holders, less than 20 are active commercial fishermen, most in the Lower Cook Inlet area, and they have a death grip on CIAA’s existence to justify opening Kachemak Bay while the reds are running into the upper Cook Inlet.

Filed Under: Aquaculture

Cook Inlet Aquaculture is Insolvent, Debt at $20 million, Assets at $8 million

February 23, 2026 by Commercial Fisherman Leave a Comment

Here’s the PDF:

CIAA Statement of Financial Position 2026Download

Filed Under: Aquaculture

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