Slashed shrimp quotas cause worries for Newfoundland and Labrador captains

A couple weeks ago Brad Genge made a million-dollar bet on the future of shrimp. He bought another shrimp licence. Now he can only hope it pays off. Genge has been fishing out of Flower’s Cove, a community on Newfoundland’s Great Northern Peninsula, with his father Ren for about three decades. This is the 16th season for their longliner, B and B Mariner. And when another captain decided to retire and sell his enterprise, Genge saw it as a chance to grow his own. These days the only way to get more shrimp quota is to buy it from someone willing to sell. Genge has invested heavily to secure three shrimp quotas in the Gulf, in an area near Port aux Choix, and four in the northern zone, off St. Anthony. It comes with risk, considering the shrimp biomass and the quotas have been declining. >click to read< 15:15

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