Feds launch licence buyback plan to scale down B.C.’s salmon fishing fleet

Looking to fix the problem of too many boats chasing too few fish, on Wednesday, Fisheries and Oceans Canada (DFO) unveiled details on its voluntary commercial licence retirement (LRP) program that will pay salmon harvesters to exit the industry. However, the union for commercial fishers says first impressions suggest the plan is “deeply disappointing” and designed to drive down the value of licences being bought out. DFO is allocating $123 million from its Pacific Salmon Strategy Initiative for the licence buyback and two additional future programs. >click to read< 08:30

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