The Hidden Cost Of Cheap Lobster

It’s a good time to be a tourist in Maine. While the rest of the country is being ravaged by wildfires, sweltering away setting record numbers of record-high temperatures, or withering in the grasp of a drought that rivals the 1930s Dust Bowl, northern New England’s temperate climes are a welcome relief. And the cherry on top of that cool, soothing sundae is that the state’s signature seafood, lobster, is selling at rock-bottom prices—as little as $3.99 per pound in Portland.

The downside, of course, is that while epicures can sample their favorite crustaceans for less than they typically pay for bologna, most lobstermen are struggling to just break even at per-pound prices as low as $2—about half what they typically receive for their catch. This level is far below the break-even point Maine’s 5,000 commercial lobstermen need to cover expenses of fuel, bait, and wages.

The cause? It’s somewhat hard to pin down, but a major contributor is global climate change. And the lobster fishery isn’t the only one feeling the heat.

To read the rest of the story, please go to: Associated Press