Tag Archives: Fed loans don’t cut

Gloucester Daily Times Editorial: Fed loans don’t cut it when it comes to fishermen’s aid

gdt iconThe truth is, the dire catch limit cuts imposed by NOAA for the current fishing year — on the heels of what was already a recognized “economic disaster,” as declared by the Secretary of Commerce last year — have left fishermen in or beyond bankruptcy and to the point where they are selling their boats and homes. So without freeing up the catch limits, and boosting the quota for some of the industry’s staples, such as cod and yellowtail flounder, there would seem no way for fishermen to generate the level of income they would need to pay back any loans, regardless of rates. [email protected]  02:50