Ottawa aims to reduce size of salmon fishing industry by buying licences

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The federal government is offering to buy Pacific salmon commercial fishing licences from those looking to get out of the declining industry as it tries to protect the fish that remain.

Fisheries and Oceans Canada has earmarked $123 million for the voluntary retirement program and two future initiatives that will dispose of derelict vessels and allow Indigenous communal commercial licence holders to switch to another species.Jeff Grout, a salmon resource manager with Fisheries, says about 1,300 licences are eligible for the program, which will buy them at market rate and take them out of circulation.

Neil Davis, regional director of fisheries management, says there is no way to know how many licence holders will take the government up on its offer, but the goal is to end up with a “substantial reduction” in fleet size. Fisheries and Oceans has said many salmon stocks are declining to “historic lows” due to the effects of climate change, habitat loss and other threats.

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Idiotic that people think that this is the way to have more salmon. The Fraser River sockeye has been a no show for decades. Bristol Bay has records broken yearly. Find out what they are doing and copy.

Scam

Jimmy Pattison and his group of companies own the majority of the “A “ licence vessels in the Pacific fleet. My money says the will continue to buy up licences as they come available. Might be a story there CTVNewsVI

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