Tag Archives: new fishing vessel construction
Your Thoughts? New rule would turn back clock for US fishing industry
A Proposed Rule – Shipping Act, Merchant Marine, and Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act) Provisions; Fishing Vessel, Fishing Facility and Individual Fishing Quota Lending Program – >click to read< In the second half of the 20th century, the U.S. fishing industry was plagued by too many boats chasing too few fish. Overfishing was rampant, profits for fishermen were low and the federal government fueled the flames by subsidizing the construction of new fishing vessels with taxpayer dollars. By the mid-1990s,,,, Now the Trump administration wants to forget all of those hard lessons learned and begin subsidizing new fishing vessel construction again in a rule proposed last November that could be finalized any day. >click to read<09:11
