Capt. Russell Sherman has fished for more than 40 years out of Gloucester, Mass., one of New England's best-known fishing communities. He's spent the last 26 years as Captain of the Lady Jane, a 72-foot dragger that supports a five man crew. He fears the new catch limits will put him out of business.

"We're interested in survival at this point," said Sherman. "We've been cut more than half in the last 10 years."

Earlier this week he made a personal plea, publishing a letter in the Vineyard Gazette with the support of the Northeast Seafood Coalition, calling on President Obama's leadership to save jobs and crucial commercial fishing infrastructure.

He says the "catch share" system has already forced some fishing crews to stay at port and lease their percentage of catch out to boats that are still struggling through a tough season.

"I spent the last weekend hustling, calling my friends to try and buy extra fish to keep my enterprise going and to keep my boys working," said Sherman.

Only he's not "buying fish" -- just the right to go out and try to catch them.

"I've been in this business almost 40 years and it's something new to me to go out and have to purchase my opportunity and then there's no guarantee that I'm going to catch this purchase. I just went $50,000 down to ensure myself and my crew a living for the rest of the year."

It's a risk. Sherman is using his home as collateral and says his fellow fishermen are no better off.

"All of us are that way, we're all stretched out tight," said Sherman, who's hoping his long shot effort to grab the attention of the president, will help.

NOAA declined to comment on the protest.

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