Canadian fishers and their families who have been hit by the global collapse in lobster prices will receive targeted short term support to make ends meet while working on ensuring a sustainable and viable lobster industry in the future.
Minister of Fisheries and Oceans, Gail Shea announced that the Harper Government will make a $65 million investment to help fishers in the Atlantic lobster industry adapt to the extraordinary market conditions created by the global recession.
“Our government stands on the side of affected fishers and families whose livelihoods depend on the lobster industry,” said Minister Shea. “The circumstances affecting the lobster industry are unique and lobster fishers had nothing to do with the collapse in lobster prices. All they want is the chance to continue making an honest living doing the job they love. These short term measures will allow us to work with the industry to ensure a sustainable, self-reliant and flexible lobster sector for years to come.”
Communities in Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland & Labrador and Quebec will benefit from this announcement.
$15 million will be provided for Short-Term Transitional Contributions that will assist qualified low-income harvesters severely harmed by the collapse in market demand for their products due to the global recession. Available only during this particularly difficult year, eligible lobster-dependent fishers will be compensated for a portion of their lost income caused by reduced landings.
The announcement by the Minister also invests $50 million in Atlantic Lobster Sustainability Measures to support those in the industry who develop and implement long-term sustainability plans. This includes a $15 million allocation specifically for those who work in low-income areas and have experienced significant losses due to chronically low lobster landings.
“This program will allow the industry to modernise and emerge from the current economic crisis on a sound footing for future generations,” said Minister Shea. “Most of these measures were recommended during consultations with the lobster industry and provincial governments, and I look forward to building on this engagement and working with all of our partners to secure a stronger future for the Atlantic lobster fishery.”
