Tag Archives: and gear supply businesses are disappearing

Our coastal communities are drowning, largely thanks to tradable quotas and licences.

British Columbia’s coastal communities, long dependent on fishing for their livelihoods, are in serious trouble: population down, youth retention down, incomes down, investment down, infrastructure down, health and well-being down. It’s now almost impossible for young people to enter the fishery because of the high cost of purchasing or leasing the Individual Transferable Quotas (ITQs) attached to most fishing licences. ITQs are permits to catch a certain quantity of fish, and can be freely traded or leased. Coastal communities that used to have dozens of fishermen now may have a handful at best. The boatbuilding, repair, and gear supply businesses are likewise disappearing.  How did this happen to our once prosperous coast?  East Coast, best coast?>click to read<12:32