False Comment #13 The Seal Hunt is an Important Source of Inc...

THE SEAL HUNT IS CAUSING FINANCIAL DAMAGE TO EVERY HARD WORKING CANADIAN CITIZEN.
Click to find out HOW MUCH MONEY Sealers lose, and the staggering Economic Damage they inflict on Canada.

A constant myth by the DFO & Gail Shea and Seal Hunt cheerleaders is that a sealer makes "significant" income from killing seals, this is false, and this is clearly shown by the direct words of the actual sealers themselves who concede and admit the income they get from the seal hunt is insignificant.:

'I can't see for the life of me how you could break even, let alone make money.'—admits a veteran Sealer, Jack Troake

"Few people will sign on for a crew knowing there is a small chance of splitting a meagre income", said Fisher Ray Newman.


The National Post FINANCIAL TIMES published an article on the Economics of the Seal hunt.

"The Millions Ottawa spends subsidizing the Seal Hunt"
http://network.nationalpost.com/np/blogs/fpcomment/archive/2008/04/17/the-millions-ottawa-spends-subsidizing-the-seal-hunt.aspx

The article reveals that the seal hunt COSTS Canada up to 50 to 60 million dollars in expenses per year.
Including paying millions upon millions of tax dollars docked from 30 million hard-working Canadian citizens paychecks to move Canadian Coast Guard ice-breakers into the sealing areas to clear paths through the ice and lead them to where the seals are.

THAT is the COST. Keep those figures in mind.


NOW LETS SEE HOW MUCH THE SEAL HUNT EARNS:

The TAC or Total Allowable Catch was 280,000 seals in 2009.
Notice that this is FEDERAL LAW! The seal hunt CANNOT take more seals than this number.
At the time of the National Post article, a seal pelt brought in 52 bucks. In 2008, 1 seal pelt brought in at most 33 bucks. In 2009, that figure is 15 bucks.
And as low as 2 dollars each if imperfect.
That means, for 2007, that IF Every seal pelt brought in by a sealer was perfect, you would calculate 52 dollars for 1 pelt and multiply by 275,000 seals killed.
THIS is from the article, BEFORE the price dipped:
275,000 seals.
x 52 dollars.
-------------
14,300,000.00 but this is not the profit from the seal hunt.
One must divide that half because that's not profit! There's expenses!

To go on the hunt in the first place takes a boat! You need to buy that boat, insure that boat, repair that boat, buy fuel, supplies, arctic clothing, equipment, gear, rigging, weapons, bullets, etc! They estimated that the expenses are half. That's 50%.
So 7,150,000.00 = all the hunt brings in, and it COSTS upwards of 50 to 60 million, so the seal hunt is a LOSS to 30 million Canadians of 40 to 50 million dollars right there.
But wait. That was 2007, when a seal pelt was 52 dollars. It's not that anymore.

The price of 1 seal pelt NOW is only 15 bucks.
And that's if it is perfect, not gouged, shot, marred, ragged, stained, cut wrong, torn, scarred, etc. Otherwise 1 pelt will bring in as low as 2 dollars.

The TAC for 2009 is 280,000.
So multiply those:
15 dollars per pelt x 280,000 seals = 4,200,000!
That's it! That is how much the entire industry of the commercial seal hunt grosses.
Now deduct Expenses....