Commercial Fishing - Is There a Future?
Sunday, January 3rd, 2010During the past 10 years regulators have imposed rules that have left as little as 24 fishing days for commercial fishermen who go after haddock, cod, flounder and other ground fish in an effort to limit over-fishing. At the same time it has become more expensive to for the industry as goverment issued fishing permits, which sold in the 1990’s for a few thousand dollars, can go for upwards of $200,000. Because of years of regulations and the rising costs of permits fewer and fewer fishermen are becoming boat captains. Adding the cost of a decent commercial fishing vessel of $400,000 - $500,000 and its no wonder so few can even attempt a venture into this market. Acoording to a recent article in Newsday “the prospects of a rebuilt fish stocks will be able to generate 3 times the current catch, providing plenty of economic incentive for new fisherman”. Do the numbers add up or are we destroying a long standing, vital econimic industry with which this country was founded on? Are the current regulations necessary to preserve the eco-system?
