How much are people willing to pay for scallops? If a reported additional quota cut for U.S. fisheries is enacted for the 2014 fishing season, we may find out.

Talk of another quota cut, following the 30 percent cut ordered for the 2013 season that removed some 20 million pounds of product from the market, could leave the fishery with half the amount of product it had two years ago. The 2013 cut led prices to record levels of more than USD 14 (EUR 10.39), and a further cut could add another USD…