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Do you think it would help fishers maintain their independence if we had, say, a federal fisheries loan board that would be able to finance such licence transfers?

Gabriel Bourgault-Faucher - 11:43

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:44

Thank you.

I have some questions here for Ms. Collier.

In the 2019 report “West Coast Fisheries: Sharing Risks and Benefits”, there was a recommendation to have a fisheries loan board created. To your knowledge, has there been any movement towards that?

Melissa Collier - 11:44

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:44

If you had such a loan board, would it help fishermen maintain the independence that you so seek?

Melissa Collier - 11:44

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:45

In your opinion, Ms. Collier, do you think that the lack of such an institution leads to corporate concentration in fishing licence ownership?

Melissa Collier - 11:45

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:45

I also read in that report—it's from 2019 and I have it right here—that money flowing into reconciliation initiatives is inflating quota prices. Do you agree with that?

Melissa Collier - 11:45

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:46

Okay.

With the inflation of quotas, is it getting to the point where it's completely out of reach for new and small-sized fishing enterprises?

Melissa Collier - 11:46

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:46

Okay.

Is this one of the factors in corporate concentration, the inflation in quota prices?

Melissa Collier - 11:46

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:46

And who would these others be?

Melissa Collier - 11:46

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 11:47

Thank you.

Ken McDonald - 11:47

Ken McDonald - 12:17

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 12:17

Thank you, Mr. Chair.

Thank you, Mr. Williams.

Mr. Williams, you mentioned the high price of licences and quotas. What's causing the inflation? It seems like the inflation in the fishing licences is one of the issues behind what's happening in terms of people thinking that there's corporate concentration. Why are these licences being priced so high?

Richard Williams - 12:18

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 12:19

Thank you, Mr. Williams.

In this report from 2019, “West Coast Fisheries: Sharing Risks and Benefits”, it was identified that loan boards would help new entrants and smaller harvesters gain better access to the fishery. Given what you've just said, do you think that would really be a factor, if we had these loan boards? Would they be able to keep up with the inflation in these licence prices?

Richard Williams - 12:20

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 12:22

In terms of these financing boards, how many provinces have these now in Canada for the fishing industry?

Richard Williams - 12:22

CPC (NL)

Clifford Small (Coast of Bays—Central—Notre Dame)

2023-05-29 12:23

Do you mean a federal agency, similar to what we have in agriculture?

Richard Williams - 12:23

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