Fish-farm sector reels in $10-M in funds

by 5m Editor
25 April 2006, at 1:00am

CANADA - New Brunswick&#39;s struggling aquaculture industry is getting a $10-million wave of federal cash to allow producers to put new stock in their pens. &quot;If they can&#39;t get smoult in the water they are out of business,&quot; said Veterans Affairs Minister and Conservative MP for New Brunswick Southwest Greg Thompson. &quot;It is that simple. They can begin to access it immediately. In fact, they are putting fish in the water now.&quot; Thompson&#39;s riding includes almost all the salmon growers in New Brunswick, an industry worth almost $200 million a year. He is also rejecting criticism from federal Liberals that the funding is a cut from the $20-million amount promised by the former Martin government. &quot;We didn&#39;t cut funding,&quot; he said. &quot;The Liberals didn&#39;t delivery any funding. &quot;It was a case of a broken promise of the Liberal government.&quot; He said a year ago there were 23 aquaculture companies in New Brunswick and that number is now down to 14 due to the broken Liberal promise. <i>Source: Canada</i>

5m Editor