Ottawa aims to reduce size of salmon fishing industry by buying licences
VANCOUVER — The federal government is offering to buy Pacific salmon commercial fishing licences from those looking to get out of the declining industry as it tries to protect the fish that remain.
Fisheries and Oceans Canada has earmarked $123 million for the voluntary retirement program and two future initiatives that will dispose of derelict vessels and allow Indigenous communal commercial licence holders to switch to another species.
About 1,300 commercial licence holders with a full- or reduced-fee salmon troll, gillnet or seine licence are eligible for the voluntary retirement program.
The government plans to buy licences using a “reverse auction” where licensees set the price they want, and the government decides what it’s willing to pay based on annual reports that lay out market value.


