IMAGE 9: Jim holds up a four pound lobster. The bands on the claws are placed at the time of the catch. They get about $3.00 per pound now. Several years ago, they were getting about $5.50/pound. Think of this the next time you get a lobster at a restaurant.
Jim told me his son made $150,000 three years ago, but will be lucky to clear $50,000 this year due to the economy.