LIFO policy: Newfoundland and Labrador will take a major hit if the inshore shrimp fishery collapses
“In 2015, the inshore shrimp fishery contributed $250 million to the economy of rural Newfoundland and Labrador,” Phil Barnes said. “Economic hubs like Gander, Grand Falls-Windsor, Corner Brook and St. John’s all benefit from the inshore fishery. “Inshore harvesters buy vehicles, groceries, fuel, gear and repair services. Plant workers also spend their income at local businesses,” he said. Barnes said the Department of Fisheries and Oceans (DFO) has to scrap its “last in-first out” (LIFO) for the Northern shrimp fishery. “Our inshore fleet has access to one area (Area 6) for a few months of the year while the offshore trawlers are in multiple areas all year round,” he said. “Someone is always there and this has to stop. Read the story here 12:57
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