harvester share at $14.37 per pound today

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Newfoundland and Labrador Fishery Crisis Expands to Lobster

April 26, 2023 Canada

Harvesters in Newfoundland and Labrador are facing another crisis in the fishery – this time with lobster – with companies refusing to buy because they claim the formula-calculated price is not to their liking. Today’s formula calculation is based on market prices and puts the harvester share at $14.37 per pound. The ASP position at Panel would have put the price at 14.20, 17 cents lower. While this number is expected to drop in the coming weeks as fisheries open throughout the Atlantic Canada, this starting price is an all-time high for Newfoundland and Labrador harvesters. As a result, companies are colluding to shut down all fisheries in Newfoundland and Labrador that don’t eliminate their share of the risk. >click to read< 15:08

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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