Of course there are a lot of complex issues around this question. We now live in a time when the cost to new entrants to a fishing enterprise is something in the order of a million dollars. I think there were some comments this morning about what's caused that, but that's where we are now. If a young person today wanted to go into the fishery—and we have young people on Fogo Island who would like to get into the fishery—they need a million dollars and more to do it. There isn't any financing in the province, with all due respect to guaranteed loans: those have to be vetted by banks, and banks have a bag full of noes. We all know that. That's not a viable option. That's not working.
We also legislatively now live in a time when all the regulations that you have to meet in order to go catch a cod are so onerous that it takes six to eight years of formal training, and fishing aboard a boat to get your hours aboard a boat, in order to become a fisherman. With no guarantee of prospects of income six or eight years out after you've succeeded, why would any young person invest a million dollars and six to eight years of life to try to pursue something with no guarantee of future income? It doesn't make sense.
What's I think is needed for cod specifically is a nearshore fishery, and we need to make it accessible to young people. We have a great number of young people whose fathers have fallen out of the fishery and who for various reasons couldn't take on the million or million-and-a-half-dollar obligations but would love to return to the cod fishery. If we had a nearshore small-boat fishery, predominantly for young people, with an appropriate level of training for that fishery and an appropriate level of investment required for it, I think we'd have a lot of new young entrants into the fishery.