If tuna fishermen on P.E.I. are going to continue to make a living they are going to have to cut back on the number of licences, says the head of the province's tuna advisory committee.

Commercial tuna fishermen will meet Wednesday to discuss what fishing strategy might get them the best price this year.

Walter Bruce, chair of the tuna committee for the P.E.I. Fishermen's Association, told CBC News this year's reduced quota will probably mean about one fish per boat, not enough for anyone to turn a reasonable profit.

"Nobody wants to take the initiative and say you gotta go, and you gotta go and you gotta go. But it's going to have to happen," said Bruce.

"The newer generation of fishermen are going to have to get rid of a lot of fishermen licences if they're going to compete and stay in the fishery."

This year's quota for P.E.I. will likely work out to about 380 fish. There are 360 licenced fishermen on the Island, but not all of them go out.