The going rate for lobstermen’s catches has sunk to the seafloor amidst record harvesting numbers, marking another blow to a profession rocked by regulation and the recession.
Lobsterman Jim Dow, who fishes out of Bass Harbor, Maine, said he’s selling his catch for as little as $2.75 a pound – down about 50 cents from last year. Before the recession, he was averaging $4.50 a pound.
Officials attributed the recent price drop to a lobster population thriving in warmer temperatures and a managed habitat.
