MAINE SUNDAY TELEGRAM • July 19, 2020
Maine lobstermen reeled in more small federal emergency loans under the Paycheck Protection Program than members of any other industry in Maine, with about one out of every three commercial lobstermen landing one, but the average loan was barely large enough to cover a month’s worth of bait at the height of the summer fishing season. Right now, with much of the state’s 4,300 lobster boats just starting to set traps, wholesale prices are down 40 percent from this time last year.