CBC News
Posted: Jul 2, 2012 4:51 AM ET
Last Updated: Jul 2, 2012 5:31 PM ET
Fishing boats are shown at the Commercial Fishing Pier on Feb. 1 in Portsmouth, N.H. Fisheries regulators met in New Hampshire earlier this year to discuss how to avoid catastrophic damage to the industry after a report indicated severe overfishing of Gulf of Maine cod. (Jim Cole/Associated Press) 
Life after cod fishery moratorium2:31Fishermen in the Gulf of Maine continue to catch cod, even though a 2011 scientific survey showed stocks have plunged.
Reached on his boat near New Hampshire, fisherman David Goethel was in disbelief.
'We would much rather see them paying the fishermen to just stop the cod fishery and give it a chance to recover than pushing it over the same cliff that happened in Newfoundland.'—Peter Shelley, Conservation Law Society based in Boston"There's a disconnect between what we're seeing on the water and what that stock assessment says," said Goethel.
After the northern cod stocks collapsed two decades ago, unlike Canada, the U.S. set timelines and targets to rebuild stocks in the Gulf of Maine.
But the surprise drop in population last year forced U.S. authorities to impose cuts to quotas.
The National Oceanic and Atmospheric Administration (NOAA) cut fishermen's cod allocations by 22 per cent this year.
U.S. fishermen dismiss warnings
In New England, where cod is still king, fishermen are dismissing the warnings.
"I think it's overblown. Do I think it's perfect? No. I've
U.S. cod crisis comes 20 years after Canada's moratorium - World - CBC News
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