Tag Archives: cost of bait
Fishers are key players
This week we celebrate the fisheries and the crucial role it plays in the Island economy. The value of the fisheries exceeds $590 million in this small province which boasts a population somewhere in the neighbourhood of 160,000 residents. The worth is evident in the fact harvesting and processing of fisheries and aquaculture products accounts for about 9,500 jobs. Among those involved in the industry are skilled lobster and crab fishers, mussel farmers, oyster harvesters and all who earn a living from the water. All Islanders benefit from a lucrative fishery. However, those engaged in it will be especially challenged this coming season with escalating fuel prices which influences the cost of bait, transport of product and other essentials. >click to read< 09:16
Lobster prices on the rise
If you want lobster for dinner tonight, you’re going to pay dearly for it. The prices for lobster are right through the roof. “A year and a half ago fuel was about $1.60 a gallon. Now we’re paying almost 5 dollars.” Mike Theiler’s been lobster fishing these waters for 33 years. “No matter what we do with our fish and lobsters its predicated-on Diesel fuel,” Theiler said. A lobster fisherman’s daily cost includes fuel at 20 gallons per hour or $100 an hour, then add the cost of bait for the pots, and crew. Video, >click to read< 10:05