HOLYOKE, Mass. (WWLP) - Federal fishing managers officially announced their plans to drastically cut the amount of fish that can be caught in New England waters.
It's a move that is expected to devastate the fishing industry and dramatically drive up prices of certain fish.
The cuts include a 77% year-to-year reduction in the allowed catch of cod in the Gulf of Maine and a 61% cut on Georges Bank cod.
The cuts come after poor assessments of the health of cod and other key species. Fishermen say the reductions will force most of the fleet out of business.
Michael Fitzgerald, owner of Schermerhorn's Seafood in Holyoke, told 22News, "They will be out there fishing less, which is going to put a restriction on how much fish is caught so it's going to affect the price."
Many restaurants and retailers will likely turn to imported fish to control costs.
The plan is still open to public comment until April 15. The 2013 fishing season starts May 1.