The Limestone Coast Fishermen’s Co-operative Limited (LCFC) was formed and registered in South Australia on 3 September 2018.
The LCFC is a licenced Fish Processor in South Australia, for Southern Rock Lobster, and is a DAWR approved exporter for live Southern Rock Lobster to China, this is the principal business of the LCFC.
The LCFC was established by fishermen from the South Australian Southern Zone Southern Rock Lobster Fishery as a positive and constructive response to the inevitable and ongoing rationalisation of quota ownership and exporting capacity and the likely future impacts of this structural change on family-owned and operated fishing businesses.
The LCFC structure is a way for grass-roots industry to take a significant stake in their own industry for the future and to retain a level of control for themselves, allowing them to operate at the same level as some of the larger players in the industry.
The LCFC is a co-operative based on the following set of fundamental values: experience, respect, loyalty and honesty.
The LCFC’s core driver is to secure a viable future for fishermen and their families, as well as the coastal towns and communities in which they live.
The LCFC works by working for its Members – the LCFC’s Membership base is the LCFC’s greatest strength.