For the second straight year, $ 2 million has been awarded for lobster research in the Gulf of Maine. Four of the nine NOAA Sea Grant projects will be conducted by Maine organizations, totaling $ 559,181 in funding for Maine-based research projects. …
A February trade deal with China that was supposed to encourage more lobster purchasing hasn’t driven sales as was hoped, with 2020 numbers below last year. …
While lobstermen received $ 14.9 million in small Paycheck Protection Program, or PPP, loans and at least $ 300,000 in large ones, it was spread out among almost 1,400 fishermen. …
The lack of demand is plunging the price of lobster. They are selling for about $ 4.50 per pound. That is roughly half of what they were selling for one year ago. …
The novel coronavirus has barely touched the public health of this corner of rural Down East Maine, with Hancock County reporting just 16 cases and one death as of June 30. Its economic health is another matter: The fallout from Covid-19 threatens a historically bad year for the Olsens and the rest of the state’s lobster industry. …
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