National Fisherman

During a visit to Eureka Tuesday, Congressman Jared Huffman announced plans to introduce legislation aimed at alleviating the financial hardship of a federal loan that has been weighing on Pacific Coast groundfish fishermen for just under a decade.

Huffman's "Revitalizing the Economy of Fisheries in the Pacific Act" picks up where a bipartisan bill introduced in Sept. 2012 by former North Coast Congressmen Mike Thompson left off and would allow for the refinancing of a $35.7 million buyback loan authorized by Congress in 2003.

The opportunity to refinance the loan at a lower interest rate would give local groundfish fishermen the same opportunities as any homeowner or business, Huffman said during a news conference to announce the bill held outside the Humboldt Bay Aquatic Center Tuesday afternoon. The bipartisan bill would not require the federal government to spend any new money.

"It is becoming increasingly difficult for them (fishermen) -- especially small businesses -- to repay that debt, plus new fees -- higher fuel costs, higher health care costs -- and to remain in business," he said. "Like any of us, they would like to refinance. They would like to take advantage of these historically low interest rates that we have today, but they need an act of Congress to do that."

Read the full story at Willits News>>

National Fisherman Live

National Fisherman Live: 9/23/14

In this episode:

'Injection' plan to save fall run salmon
Proposed fishing rule to protect seabirds
Council, White House talk monument expansion
Louisiana shrimpers hurt by price drop
Maine and New Hampshire fish numbers down

 

Inside the Industry

The Maine Lobster Marketing Collaborative is introducing its Chef Ambassador Program. Created to inspire and educate chefs and home cooks across the country about the unique qualities of lobster from Maine, the program showcases how it can be incorporated into a range of inspired culinary dishes.

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More than a dozen higher education institutions and federal and local fishery management agencies and organizations in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and Hawaii have signed a memorandum of understanding aimed at building the capacity of the U.S. Pacific Island territories to manage their fisheries and fishery-related resources.

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