Tuesday, February 2, 2021

Help urged for seafood processors

"Federal support to help seafood processors weather the pandemic is urgently needed — without it, our nation's entire seafood industry may falter," says this congressional letter to the Biden administration.

8 comments:

Anonymous said...

It seems unamerican Lisa for you to push to pay all these imported workers salaries in the fishing industries only to come back with your republican colleagues and to stop relief help for all of the hardworking American taxpayers who pay your salary and fund the government$!

Anonymous said...

Money printer goes BRRRR

Anonymous said...

Yeah, just keep throwing money at a problem with no accountability for what has already been given away. It's all free money anyway and it is only our children's children who will have to pay it back.

Anonymous said...

The idea that anyone will "pay it back" is farce. The amount of debt in existence is orders of magnitudes greater than currency in circulation. Include the derivatives of debt its not even comprehensible how much debt is in the financial markets.

Anonymous said...

The year is 2030. Inflation has caused the price of diesel to rise to $64 a gallon, the average American home is $4.3M, the new iPhone costs $37,000. Bristol bay fishermen and processors agree on $2.00 a pound for sockeye.

Anonymous said...

They only broke $2.00 a lb in the bay once. Those big 37,000 lb seasons made permits go up $50k. You could sell that Rawson for $10K more than they were new. Kvichak remolded the Marco plan andgot busy the next few years. Look at em now, the only place in the world where you can sell a 35 year old worn out piece of junk for double what it cost new, and they thought 600 hp burned fuel, now they got 2000 hp. and get $0.75. You truly do have to wonder about that IQ level of 32.

Anonymous said...

Price is down because of the huge costs processors paid to keep covid out of the bay and because of the losses or few profits they made due to run failures or poor returns elsewhere. With one exception, none of these processors had the huge benefit of pollock profits to subsidise other operations.

Anonymous said...

Covid was a definitely was a hit last year, strength of dollar also a hit. The dollar to Yen exchange has improve slightly so it might help prop up the price.

Most would agree that the long term issue is competition from farmed salmon. Go to any supermarket down south and you will likely see perfect farmed salmon filets next to freezer burned wild salmon that looks like hammered dogsh#t. And the wild salmon is more expensive. If you have any disposable income I would recommend buying some Aquabounty stock (AQB) as a hedge. The price has gone up a lot this last year ($2 to $9.50) and the company looks like it is hitting momentum. If we can't beat them then you may as well join them.