"The Government has offered to buy back up to half (about 150) of the state's longline, line and net fishing licences from those who wanted to exit voluntarily.
An independent assessment on licences had been conducted by the international business advisory firm BDO, which determined they were valued between $150,000 and $211,000.
Mr Schmucker said it was not enough.
"Don't forget, that's someone's life," he said.
"I've been fishing for 35 years and they want to buy out my licence for $150,000?
"I've $300,000 to $400,000 worth of boats."
Mr Whetstone said fishers w