With the New England groundfishery now a bona fide federal disaster, fisheries managers are preparing to make drastic cuts to future allotments for cod and yellowtail flounder before the end of the year.

On Dec. 20 the New England Fishery Management Council will meet in Wakefield and is expected to cut up to 80 per cent of fishing allotments for cod and yellowtail flounder for the coming year. If they are approved, the cuts will take effect May 1, 2013.

Fishermen who pursue a variety of important fish on Georges Bank and the Gulf of Maine face drastic cuts in catch limits next year because of dwindling groundfish stocks. Cod and yellowtail flounder are in such a dire state that fisheries managers advising the New England Fishery Management Council are calling for catch limit cuts of 70 per cent or higher beginning next May.