Tag Archives: rising costs
Louisiana Shrimpers face crisis as cheap imports threaten $1.3 billion industry
Louisiana’s shrimp industry, an essential part of the state’s economy and cultural identity, is under serious threat. A flood of cheap imported shrimp is driving prices to record lows, leaving local shrimpers fighting to survive. Without swift action, this generations-old way of life could vanish, taking with it jobs, traditions, and a vital piece of Louisiana’s coastal economy. Family-owned shrimping businesses, often passed down through generations, are struggling to stay afloat. The combination of plummeting prices and rising costs is forcing many to consider leaving the industry altogether. The potential collapse of the shrimping industry would devastate coastal towns like Grand Isle, Delcambre, and Pointe à la Hache, where much of the local economy depends on shrimping.
more,>>CLICK TO READ<< 08:52
Maine Lobstermen speak out about economic and regulatory struggles
“We get told what we’re going to get paid for the product, and we get told what we’re going to be charged for the bait. We’re the ones providing, and it seems as though we’re also getting the short end of the stick,” said commercial lobsterman Dwight Staples. With rising inflation, fisherman say they’ve been hit hard. “For me personally, it was like $800 a day just to go fishing — and that was on like a three dollar lobster. So you’ve got to go, and you’ve got to catch over 250 pounds before you even break expense,” said Staples. In addition to the rising costs of running a lobster fishing business, lobstermen say that fishing regulations have made it more difficult to turn a profit, even when reeling in a good haul. Video, >click to read< 09:07
Lobster fisherman hopes to survive impact of coronavirus, rising costs
In Tasmania’s north-west, fisherman Scott Inkson is one of the lucky ones who may survive the impact of the coronavirus on the lobster industry. As COVID-19, as it is now known, continues to prevent live fish exports to China — his main market — he has decided to set up shop off his boat in Wynyard and give the community a cheap treat., “After 90 minutes on the wharf we completely sold out., King Island fisherman Mark Smith, 28, has struggled to sell his lobsters this season. >click to read< 23:15
