It is fact that Florida’s shark fishing industry has been crippled by troubled stocks and regulatory restrictions and if step are not taken now then shark will be disappeared form the commercial marketplace. As sharks grow slow, bear only a few young at a time and are particularly susceptible to fishing pressure the federal regulators have banned all shark fishing at least through August this year as they consider new quotas.
For Florida’s fisherman shark fishing has always been a boutique industry and they hold half the permits for the Gulf of Mexico and Atlantic. Crist asked Carlos Gutierrez, US Secretary of Commerce, that important details need to be addressed, including the amount of aid needed and how it would be administered and whether the federal aid would be contingent on state matching dollars. He said that Florida’s commercial shark industry need important steps for federal fishery disaster relief.
Under federal law disaster relief is allowed to sector that is going through tough time only because of natural disturbances. Recently the U.S. Commerce Department has rejected a relief plea from the Northeast ground fishery, which has also been hobbled by overfishing and tighter regulations.