Originally Posted by Im Headed South
Newsflash, Prices are going to going up no matter what. Even with your plan, retired licenses mean less boats on the water and oysters at the dock, couple lower supply with higher demand and prices are going up just like they have with shrimp and fin-fish. Hopefully the supply lowering results in a rebound in the fishery if mother nature cooperates, no guarantee of that but we can do better than the current system and HB51 is our only pending legislation taking a step in the right direction.
Boat prices for Shrimp and Crab have been stagnant for years while over that same period oyster prices have almost tripled. In addition non effective regulation that artificially drives up prices is the last thing you want. It will cause the price of both oysters and licenses to go up and when you are trying to "retire" licenses you don't want them being worth more.
Keep in mind I have a commercial oyster license. In the short run, I am going to make more money if they pass this nonsense as written. Which is why the big boys like it. Just had my best year oystering in decades harvesting much fewer oysters.
However, unlike some of the other guys I am looking at the long term stability of the fishery. Driving the price up will:
A.) Put more pressure on the resource.
B.) Cost the State much more to retire licenses.
C.) Incentivize inactive boats to hit the water.
None of which are good things.
I think we agree on HB-51 as it pertains to the buyback. It's a good thing. Keep that, trash everything else in the bill that will not be effective and just drive the price up.