Let's say, for example, on the west coast or somewhere, there are 114 vessels and there are 60 vessels that are fishing. That's an overall quota. It's a free-enterprise fishery, so for the number of vessels that go fishing, they catch what they catch and that's what they get. You take an area in area F, which is in the northern troll fishery, and I'm not sure how many vessels we have up there, or licences. Let's say it's 150 or 200, and you have 90 or 100 active boats. The other 90 or 100 boats that are not fishing have their licence, so they lease out the quota. So those fishermen, who used to just be free-enterprise fishermen who would just fish, wouldn't have to go and pay extra money to go fishing.
As we have different dynamics in our fishery—people are getting older, some people don't want to fish, some people want to fish harder—those people are able to lease out their licences. In some years, it's kind of a.... I'm going to use the word “blackmail”, but it's a gun to the head for the guy who needs the quota. If the fishing's good, and he's used up his quota, now he needs more quota to fish. The other guy who's holding the quota says, “Well, I think maybe the price should be this.” So some years it's gone very high and then the market changes. After the guy has paid the extra money that's higher than he wanted, then the market changes. We've had that in prawns, for example; after the individual has put out the money for the quota, the market shifts. So then the fishermen get hurt. They lose money. Three years ago or so, a lot of the fishermen did not make expenses and they lost money. If the fish plants put the money out, the fish plants are out money, but so are the fishermen. There's a debt.
So, I don't really agree with the IVQs so much in a lot of the fisheries. Take halibut. It's been one of the worst-case scenarios. In 2017, guys were paying $8 a pound for the quota. Halfway or three-quarters of the way through the season, the price was down to $8 a pound for the fish. You're looking at a couple of dollars a pound loss.