The former Ukip leader and staunch Brexiteer has railed against the transition deal agreed on the weekend which allows continued access to UK fishing waters for the 27 EU member states.
Mr Farage said the fishing industry is the “acid test” for Brexit but what has happened this week to the industry has been “hugely worrying and will have significant financial consequences”.
The Brexiteer said: “I said during and after the referendum that fishing was going to be the acid test of Brexit. Currently every nation – bar the United Kingdom – benefits from the Common Fisheries Policy (CFP).
“For this, we can thank Edward Heath’s government, which sold out this once-proud industry on the principle of equal access to a common resource.
“The problem is, our resource is better than the rest of Europe’s.”
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Until a few weeks ago, Michael Gove and other senior ministers said the UK will be taking back control over its borders.
But Mr Farage claims they have backtracked.
The former-Ukip leader added: “These mealy-mouthed words are insulting to those communities which have been deeply bruised by 40 years of being ignored by the Westminster elite and which voted overwhelmingly in June 2016 to quit the EU.
“In order for Brexit to truly mean Brexit, we must take back control of our territorial waters. I fear this transition period will see many more of our fishermen go out of business, particularly in small fleets under 10 metres which are the most sustainable part of our commercial fishing industry.
“Quite frankly, the European Union do not give them sufficient quota to survive.”
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Mr Farage, who says he is a keen angler, also hit out against the EU’s treatment of non-commercial fisherman and said they treat them “like criminals”.
He continued: “As a keen angler, I can testify that one of the joys of this activity until recently was that we were able to enjoy it with hardly any restrictions.
“Then the EU decided to intervene. The Brussels bureaucrats maintain that conservation is an imperative and bass stocks are too low. (This, ironically, from an organisation whose quota policy has led to millions of tonnes of prime fish being thrown back dead into the sea over the last few years).
But he insists that it is not UK anglers who have done the damage to bass stocks.
He blasted: “The major harm has been done by commercial French trawling fleets. Over the last couple of decades, they have caught huge quantities of bass when they are shoaled up for spawning on the western approaches.
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“As things stand today under EU rules, no UK angler is allowed to take home a single bass in 2018. Not one. Unbelievably, UK fisheries officials are enforcing this rule as if anglers are now potential criminals.
“An example of this came recently when anglers who had paid for a day out arrived on the quayside at Littlehampton in West Sussex and were told by fisheries inspectors to empty their bags and boxes onto the pontoon.”
He said the knock-on effect could be huge and in financial terms angling is more lucrative to the UK economy than commercial fishing.
This is because Anglers spend their money in tackle shops, pubs, hotels and restaurants.
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He said the industry could lead to more growth and the Americans “certainly understand this and place far more emphasis on angling than they do on commercial catches”.
Writing in The Telegraph, Mr Farage concluded: “Only by leaving the CFP can we get back some common sense for anglers and a brighter future for our commercial fleet. My big fear is that when the government tells us not to worry because it can sort out the fishing industry after transition, the truth is that the can is being kicked down the road.
“To take back from our European ‘partners’ something from which they have benefitted to the tune of millions of Euros in the last couple of decades is not going to be easy, and it is clear from today’s proceedings in the House of Commons that the Tory party are kicking the can down the road on this issue.
“It will require someone with real, genuine leadership who really believes in Brexit and not more jam tomorrow. This is why I have always known that fishing is the acid test of Brexit.”