On May 1, the start of the new fishing year, the regulatory system known as catch shares, designed to have fishermen work in cooperatives known as "sectors," will go into effect along with some ultra-conservative total allowable catch limits imposed by NOAA and its National Marine Fisheries Service.
The net effect is expected to reduce the revenue from the groundfishery by 32 percent, according to the government's own numbers.
Estimates of business failures in the industry, largely based in New Bedford and Gloucester, are 50 percent or higher.
Editorial: Fed lawmakers must put legislative clamps on runaway NOAA push - GloucesterTimes.com, Gloucester, MA
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