Tag Archives: Heather Mulock

Bigger loans, faster turn-around time, by loan board to help N.S. fishing industry and younger fishermen

The fishery industry in Nova Scotia is worth an estimated $2 billion annually and one important area that updated Fisheries and Aquaculture Loan Board regulations are putting a high value on is younger fishermen and new entrants. The updated regulations were announced in Yarmouth on Dec. 6 and include such things as reduced loan approval wait times and increasing lending limits from $1 million to $5 million. The goal is to expand options and to eliminate financial barriers that have prevented people – particularly younger fishermen – from taking a risk in seeking big loans to get into the sector and/or improve their enterprises. >click to read<19:40

By-catch monitoring coming to inshore lobster fishery (some fishermen are pissed!)

For the first time, inshore lobster fishermen in southwest Nova Scotia will have someone looking over their shoulders when they head out to sea later this fall. It’s a change many are unhappy about, causing fishermen to snub their own associations — some of which have banded together to create a monitoring program. “We didn’t want this. None of the associations wanted this, but we have tried to make it better,” said Heather Mulock of the Coldwater Lobster Association on Wednesday. The federal Fisheries Department wants to gauge how many species, particularly cod and cusk, are being inadvertently caught in lobster pots. >click to read<21:34