Tag Archives: economy of the shrimp fishery

Keith Sullivan – Leave scarce shrimp to the inshore fishery

The inshore owner-operator northern shrimp fishery, which is confined to the waters adjacent to the northeast coast of Newfoundland and south coast of Labrador, is being threatened with destruction as a result of poor management and a sharp decline in the stock. In 2015, the directly contributed approximately $250 million to the Newfoundland and Labrador economy. Much of this value originates in rural communities, paying wages to thousands of harvesters, processing workers and truck drivers, and providing profits to processing companies. Indirectly, the economy of the shrimp fishery keeps schools, businesses and municipalities sustainable. Read the rest here 09:41