EQUILIBRIUM YIELD

In theory, the yield or catch that could be taken every year by a fixed amount of fishing effort, maintaining the stock at a constant level, assuming a steady-state situation "at equilibrium" with the total fishing effort in the long term. The concept neglects inter-annual environmentally driven stock fluctuations and so is not useful for short term predictions. It is, however, useful for guidance on long term strategy formulation. See : Sustainable yield