Pushing pogy boats farther from Louisiana coast could dampen profits, kill jobs, report warns
Pushing commercial menhaden fishing farther off the Louisiana coast may appease anglers and conservationists, but it would come at a heavy cost to the industry, according to a new report from state economists. The two companies operating what amounts to Louisiana’s largest fishery could lose about $31 million per year and shed up to 90 jobs if the state approves a plan to restrict menhaden fishing within a mile of the coast, an economic impact report by the state Department of Wildlife and Fisheries says. But the report’s lead author stressed that the industry could recoup some losses by fishing in deeper water. “They’d likely adjust practices,” Fish and Wildlife economist Jack Issacs said. “They’d make adjustments to counteract (the restrictions). The menhaden industry would likely take more trips offshore or concentrate more harvesting outside the mile-wide buffer.” Photos, more, >>click to read<< 12:38
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