VANCOUVER — 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.
The government plans to buy licences using a "reverse auction" where licensees set the price they want, and the government decides what it's willing to pay based on annual reports that lay out market value.Neil Davis, regional director of fisheries management, said 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.
Applications for a new Indigenous communal commercial licence program are expected to go out this winter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Good