Tag Archives: permit leasing
Investigation reveals private equity firms dominate the New Bedford fishing industry
A debate is raging in the local scallop industry about whether fishermen should be allowed to lease their permits. Supporters say the proposal could help fishermen with a small catch share, or those who can’t get out to sea, stay in the business, because they could lease their permit to another captain. Opponents worry it would allow big companies to consolidate the industry and push small fishermen out, similar to what has happened in the groundfishing industry. CAI’s Kathryn Eident talked with Will Sennott, a reporter with the New Bedford Light, about his investigation into permit leasing in the groundfishing industry, and how he found that some of the biggest winners are multinational private equity firms, not small fishermen. >click to read< 16:21
Straus speaks out against proposed changes to scallop permit leases
Plans to allow scallopers to lease out their fishing permits to others have been criticized by South Coast legislators, including Mattapoisett State. Rep. Bill Straus. In a letter to Gov. Charlie Baker dated May 6, the representatives wrote that they are “urging caution regarding the practice of fishing permit leasing”, the practice where scallop boats lease out their fishing days to other vessels rather then go out to sea themselves. The letter was also signed by Reps. Antonio Cabral, Chris Hendricks, Paul Schmid, and Chris Markey. Current regulations limit one permit per vessel. The state plan, from the New England Fishery Management Council, could allow fishermen to extend those leases and time at sea. > click to read < 13:15
