Abstract
Since impoundment of Southern Indian Lake in 1976, two economic surveys of the summer fishery have been carried out in 1977 and 1980. These surveys revealed a decrease in cash flow per fishing enterprise of 66%, from $3362 to $1141 (1980$), so that by 1980 the average enterprise could not meet its capital costs. The reduction in cash flow was mainly attributable to decreased gross revenues, due to decreased catch per unit effort on traditional fishing grounds, an increase in the proportion of lower grade whitefish in the catch, and a decrease in the average number of days spent fishing per enterprise. Consideration of a freight subsidy paid to fishermen further accented the decrease in financial performance. It is projected that by 1981 economic viability had worsened further.
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