Instead of fighting global competition, Alaska’s salmon industry is (reluctantly) embracing it

Forty years ago, Alaska had a near monopoly on supplying the world with salmon. But then Norwegian fishermen began experimenting with salmon farming — raising fish in enclosed ocean pens. By the 1990s, international salmon farming had taken off, not just in Norway, but also in Canada, Scotland and Chile. As global supplies skyrocketed, Alaskan salmon prices plummeted. “In 1988, the price for Sockeye salmon in Alaska was well over $2 a pound. By about 2000, the price had fallen to 40 cents a pound,” says Gunnar Knapp, an economist and fisheries expert with the University of Alaska, Anchorage. click here to read the story 07:05