SavingSeaFood - Cod cut loss to the city of Gloucester: $70M

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Cod cut loss to the city of Gloucester: $70M

PROVIDENCE, R.I. — 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 $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.

Because of continuing and new doubts about the accuracy of the new assessment — a blunt repudiation of an optimistic assessment only three years ago — a discussion of the what the medicine might be prescribed was left for federal regional management council and higherups in the Obama administration.

Read the complete article by Richard Gaines in The Gloucester Times

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