New England Fishmongers say catch shares are driving them out of business

If things can’t turn around for Capt. Tim Rider, the owner of New England Fishmongers, he and his business partner will be out of business at the end of this month.,,, Beto,,, The biggest economic hurdle for Rider, who still uses a rod and reel to bring in most of his fish, is catch shares. That’s when part of a share of a species of fish is allocated to individual fishermen or groups. In most cases, fishermen or groups can buy or sell or lease shares. “Someone owns the rights to the fish and can sell the rights to the highest bidder,” >click to read< 18:40

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