LIFO (Last in-First out) numbers need a closer look: economist

hi-shrimp-852Debate around the last in, first out (LIFO) policy for the allocation of shrimp quotas rages, even as the Department of Fisheries and Oceans begins to re-evaluate applying its quota cuts to inshore fishermen before any larger, year-round enterprises. At the Comfort Inn in St. John’s Tuesday afternoon, made a presentation at a gathering of the St. John’s Board of Trade, saying more study would help any facts-based debate and decision-making around LIFO. He told his audience, based on figures available, he would expect the province’s GDP to fall $540 for every tonne of shrimp transferred from the year-round fleet to the inshore fishery. Read the rest here 09:20

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