Alaska pollock is the largest U.S. fishery by volume, with a 2026 Bering Sea catch limit of 1.375 million metric tons, a little over three billion pounds. The episode follows how it was built, from Japanese frozen surimi to the late-1980s race for fish, when Seattle fleets fought Alaska shore plants. The American Fisheries Act of 1998 ended the race with fixed shares, cooperatives and a $90 million buyout.
Reports differ on the buyout figure and on how much the 1998 act, rather than sea lion protections, explains the changes. Industry and economists call it a model fishery; critics in Western Alaska say that measure leaves out salmon. How much Russian competition drove the price slump is not settled.