Well, when I got into it prices were running at around $6 a pound, almost double what they are now. My biggest worry was that I was new to it--did I know enough to catch enough to make the payments? In the first couple of years it was good. Last year I caught more lobsters, and I figured, well, this looks good. But I'm actually making less money now than when I started in the industry and didn't know as much about it.
As to where it's going in the future, I hope it's going to get better, because if it continues the way it is, and the price.... I'm just scraping by. Thank goodness my wife works to cover most of my payments. I'll cover my mortgage and what not, but it's tough at the moment.
As far as options for the future are concerned, there are lots of things being thrown around. Which is the best one I'm not sure. I don't know enough about the whole industry myself. All I know is how to catch them.