Tag Archives: rising inflation
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
Atlantic Canada snow crab fishery hopes for another banner year
But concern over high fuel prices, fear of U.S. recession dampens hopes for one Nova Scotia processor. The snow crab fishery in Atlantic Canada is gearing up in hopes of another banner season in 2022, buoyed by expectations of more quota, high prices and less competition from rival nations. But will rising inflation, especially in the United States, and uncertainty over the war in Ukraine dampen the spectacular returns in 2021 when the fishery was valued at nearly a billion dollars? >click to read< 10:04
