Tag Archives: getting in the business

Looking to get into lobster fishing? You’ll need deep pockets

Mark Hackett is a broker who works with people looking to buy and sell fishing licences, boats and gear, such as traps.  He recently retired after 50 years of fishing for lobster out of Seacow Pond in western P.E.I. Hackett said these are the highest prices he’s ever seen — up to $1.8 million in some cases. “I never ever thought they’d be as high as they are now. It could start dropping, or it could go higher. I have no idea. Seems like there’s no downturn yet. It could drop right down, depending on the interest rate,” he said.  It was different when Hackett got into the fishery. >click to read< 07:56