A troubled business

The size of the letters in the handwriting on the wall for the Alaska commercial salmon industry just keep getting bigger. Only days after the Bristol Bay sockeye harvest began with processors offering $1 per pound for some of Alaska’s best salmon, Atlantic Sapphire announced it had raised another $100 million-plus in capital to expand its land-based salmon farm in Homestead, Fla. Fish Farmer magazine reported that planned increases in a wealth tax imposed on private fish farmers in Norway helped push considerable Norwegian investment toward the company, but it is becoming increasingly clear that taxes or not there is strong investor belief in the idea that land-based, recirculating aquaculture systems are the salmon production method of the future despite the startup problems some of those farms have faced. >click to read< 10:55

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