Skip to content Skip to navigation

From Trap to Plate, Maine Lobster Distribution is a Complex System

Dec 14, 2015

Mainebiz: Trends show the lobster resource is shifting east, possibly due to the warming ocean temperature... According to the Gulf of Maine Research Institute report "Understanding Opportunities and Barriers to Profitability in the New England Lobster Industry," lobstermen in 2010 reported average gross revenues of $97,333, with an average $24,847 in profit after expenses.

The lobster industry largely caters to the disposable-income market, and so is vulnerable to economic downturns. When the economy crashed in 2008, fishermen fared poorly, earning only $2.50 a pound.