how profitable is lobster fishing?

Answer 1

As many people know, Lobster is very expensive in the restaurant business. So to answer your question, lobster fishing is VERY profitable. - ma

Answer 2

Very profitable but hard work. Maine is home to most of the lobster boats, but there are some also in Massachusetts, Rhode Island, and Montauk, New York. Since there is a lot of money to be made, the industry is heavily regulated and it cost a lot of money to get a lobster fishing license. There were lobsters also in the Long Island sound, but they died off of some unknown disease. While they were there, however, competition was fierce and cutthroat to catch them.

Answer 3

Very profitable. I mean, people catch thousands of pounds of lobsters and auction it off. They sell the lobsters for like 90 cents a pound and they cost about 10 dollars a pound in the stores.

Answer 4

Read "The Lobster Chronicles" by Linda Greenlaw. The book paints a realistic picture of lobster fishing. Greenlaw was captain of a Swordfishing boat before she went into lobstering. She knows her stuff.

It seems like a good life to me but you probably won't become wealthy.

Answer 5

I worked on em before and yes it can be very profitable to you as a hand.You will get a percentage of the catchs final price.When I started it was 6% and you worked youself up to full share hand over time!

Answer 6

After expenses are paid...it's 100% profit.

Answer 7

Can be very profitable, but it depends on the skipper and how well he knows his job...

Answer 8

If you want to put the the hard work in the sky is the limit.

Answer 9

i don't know but just keep in mind it rted the most dangerous job in the world