Agriculture, Fisheries and Aquaculture Minister Kevin MacAdam announced today that his department has commissioned a study to examine the financial circumstances facing Prince Edward Island lobster fishermen in the Northumberland Strait. Lobster landings have declined in portions of the Northumberland Strait in recent years, and fishermen say they are facing increasing financial problems. The study will be carried out by the national accounting firm, Grant Thornton, and is expected to be completed before the end of March.
“I am pleased to respond to the request of the Prince Edward Island Fishermen’s Association to deal with the financial needs of lobster fishermen affected by declining landings in recent years,” said Mr. MacAdam. “The study will thoroughly document the nature and extent of the problems and provide the basis for future industry and government actions with respect to the management of the fishery.”
Mr. MacAdam said he has talked to many lobster fishermen who have experienced drops in total landings and who are also facing higher costs. He said many fishermen are facing serious financial problems and are worried about the future of the fishery. He said the study will document the financial circumstances being faced by fishermen.
“This issue will also have to be addressed by the federal Department of Fisheries and Oceans, along with other provincial governments in the region and the industry itself,” said Mr. MacAdam. “This study will help provide the basis for future actions to guide the management of the lobster fishery throughout Areas 25 and 26A on both sides of the Northumberland Strait.”
Mr. MacAdam said the study will examine in detail the financial conditions of individual fishermen. He is encouraging all fishermen in the area to share their views and experiences with those who will be conducting the study. A letter is being sent to all lobster fishermen in Areas 25 and 26A to provide further details.
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