Fate of spring lobster fishery up in the air
“We recognize that current market conditions facing our industry are challenging, and the need to ensure that logistical support systems are in place to facilitate the movement and sale of seafood products.” The statement then points to the Canada Emergency Response Benefit that will pay $2,000 a month to anyone put out of work with COVID-19 as a mitigating factor. But with lobster licences going for nearly a half-million dollars in many harbours along the shore and the right to fish crab inshore going for around $130,000 per trap, that benefit doesn’t relieve the stress of recent buy-ins to this debt-driven industry. Buyers and processors also rely upon debt. >click to read< 09:19
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