This chapter examines fishing quota as a commodity in both a conceptual perspective and through ethnographic examples. Inspired by Marx’s ideas of the commodity, use-value, exchange-value, and ground rent, the chapter combines a theoretical approach with ethnographic material. The different aspects and the value of the quota are examined through the concrete exchange of fishing rights, and it is explained why quota trade can give rise to speculation and monopolies. In the final part of the chapter, it is argued that the value of transferable fishing quotas rely on a social relation between owners and nonowners of quota, as a form of monopoly rent.