DFO announces lobster licence buy-out plan

TC Media
Send to a friend

Send this article to a friend.

The Department of Fisheries and Oceans has introduced a new plan where lobster licence holders in fishing areas 24 and 26A-1 can buy out another holder.

SUMMERSIDE — There will be fewer lobster fishermen around the Island in the coming years, but those left in the industry will be in a more stable position.

That’s the goal and hoped for outcome of a new plan agreed on by Island lobster fishermen and the Department of Fisheries and Oceans.

Fisheries Minister Gail Shea made the announcement in a late evening press release sent out Wednesday.

The plan allows for a lobster licence holders in fishing areas 24 and 26A-1 to buy-out another holder.

The buyer would have to retire up to half of the second licence’s traps but would still see an increase in how many they’d be allowed to fish.

Accord to DFO, this initiative builds on the Atlantic Lobster Sustainability Measures Program, which retired 244 licences here between 2009 and 2014.

Lobster fishing area 24 represents the northern portion of Prince Edward Island while area 26A-1 covers the eastern part of the Northumberland Strait bordering on both Nova Scotia and P.E.I.

Organizations: Department of Fisheries and Oceans

Geographic location: Prince Edward Island, Nova Scotia

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Business Failings
    July 25, 2014 - 15:47

    Supply and demand, if the fisherman would fish to accommodate the demands and stop over fishing, there would be more demand for their product. If there is no business for them, be like a regular business and sell off or close. Fishermen have had enough hand outs over the yeas and if those didn't save them then, stop tossing our tax dollars at them.

    • jimin rollo bay
      July 26, 2014 - 06:01

      while other small businesses have had access to subsities of different kinds such as to wage and equipment pei fisherman have not enjoyed any...tax money allocated to the "lobser industery " has primarily gone to the processors who also proccess an inferior lobstor from the state of maine...essentially subsidizing a fishing industry from another country....EI as is often brought into the equasion doesn't take money out of taxs payer pockets

    • jimin rollo bay
      July 26, 2014 - 06:04

      while other small businesses have had access to subsities of different kinds such as to wage and equipment ...PEI fisherman have not enjoyed any of these...tax money allocated to the "lobster industry " has primarily gone to the processors who also proccess an inferior lobstor from the state of maine...essentially subsidizing a fishing industry from another country....EI as is often brought into the equasion doesn't take money out of taxpayer pockets

    • UPWESTER
      July 26, 2014 - 10:18

      What do you mean when you say that EI doesn't take money out of taxpayers pockets? The cost of EI premiums for both the employer and employee are tax deductible,so therefore the taxpayers are subsidising EI. Also, what about all the loans they got at little or no interest and in a lot of cases down east, not one cent of interes or principal has been repaid on these gears yet they have been fishing them for 7 or 8 years and have not paid a cent.Fishermen are the only self emplyeed people who can draw EI in Canada. BTW, who pays the salareies and all other expenses for the government to run these EI offices and mail out cheques and process claims? Could it be the taxpayers? Just asking.