Cod cuts could cost Gloucester millions
A statutory need to address a reported widespread decline in the status of the Gulf of Maine cod was translated Wednesday into terms of a potential economic catastrophe for the New England groundfishing industry — with projections of dealing a USD 70 million hit to Gloucester’s economy alone.
The venue was a day-long meeting of the Science and Statistical Committee for the New England Fishery Management Council, which took the extraordinary step of not endorsing the findings of the peer reviewed assessment.
That move avoided triggering the legal process of setting draconian catch limits on the most essential food fish for Gloucester’s and region’s groundfishing fleet.
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