Boat Buyback

Updated 6 years ago

The Federal Government is involved in a 100-million dollar buyout plan designed to reduce the number of people catching fish and bring relief to New England’s struggling groundfishing industry.

Money would be paid to those who give up their fishing permits and destroy their boats.

Many owners of large draggers in the Portland area back the idea.

But a lot of fishermen with smaller boats that fish closer to shore worry that a buyout would shrink the fishing fleet too much and make it impossible to continue to support the industry’s critical infrastructure.


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