West Coast fishermen Hopeful Congress Will Address Excessive Interest Issue in Permit Buyback
West coast fishermen continue to be hurt by the failure of Congress to address an excessive interest problem with permit buybacks that were approved in 2003, and which add unnecessary repayment costs to every pound of groundfish landed on the West Coast.
The Mid-water trawlers co-operative, which is active in the whiting fishery, is spearheading the lobbying effort in Congress.
The background is that due to NMFS delays in implementing the program after the vote in 2003...
To Read Full Story Login Below.