close it down for the foreseeable future...at least 10 years, completely...not just the gulf of Maine, completely.
Then, create an investigative team to figure a way to regrow the populations. Keep commercial fishing closed until the nation is overrun with cod and then open it up on a very limited basis.
This is going to be painful.
BTW...mark this post...the same thing will happen with SB... IMO those YOY index numbers will not materialize into anything and they will determine that the danger threshold number they base everything on was not nearly conservative enough.
Hey...what is the best way to cook spider crabs???
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