In this one, Cody talks to Laine Welch. She’s been reporting on the Alaska fishing industry for 36 years, and during those years her goal was always to show where Alaska fits into the global commodities market because seafood is one of the largest commodity items sold throughout the world. Given Alaska’s commercial fishing market, there’s always been a real opportunity to be a major player in the global seafood market. But Laine says we tend to squander our potential profits. For example, there are plenty of revenue streams that could be taken advantage of in areas like cosmetics and pharmaceuticals. Or how almost 75 percent of all of the value from groundfish — Alaska’s number one species in terms of volume — goes out of state. Primarily to Seattle.

Laine says that when she first started reporting on the Alaska fishing industry she tamped down her criticism of it, and instead chose to be its cheerleader. But when she retired two years ago, she felt a new sense of responsibility and freedom to point out areas of the industry that could use improvement. She was no longer beholden to only reporting on the good or acceptable news. So, in retirement, she’s been focusing on issues like the lawful waste of seafood caused by bycatch — the catching and discarding of unwanted sealife. She says that every other protein industry has a philosophy of using the whole animal, what they call ‘from the rooter to the tooter.’ But in Alaska, they take the filet and the rest goes. This has always been important — avoiding waste and maximizing profit — but it’s especially important now, when the economy of Alaska needs new revenue streams.