Catch Shares: NSW fishermen face difficult decisions as deadline looms for reform package

8078946-3x2-940x627Friday is a big day for New South Wales fishermen. Those that want to leave the industry and take advantage of a government buyback have to decide by that date. Those that want to keep fishing are anxiously waiting to find out if they can buy-up the other’s shares and they are wondering what it will cost them. Peter Ragno fishes out of Wallace Lake near Tuncurry on the Mid North Coast. His family have been fishermen since 1891, catching prawns and mud crabs, mullet, brim and whiting among other species. The government has reduced the quote linked to his shares so just to maintain his business he will need to buy licences worth close to a quarter of a million dollars, money he cannot afford to borrow. Read the rest here 11:54