Gray Aquaculture filing for bankruptcy protection is indicative
of a slight downturn in the industry says the Newfoundland Aquaculture Industry Association, (NAIA).
Head of the association, Cyr Couturier, predicts a downturn in the overall output of farmed salmon this year and next.
Gray Aquaculture currently produces 10-15 percent of the province's overall salmon output.
Despite this, Couturier says he's confident the overall industry will remain strong in the province.
Fish processing business, Wave Seafoods Inc. is to receive CA$500,000 from the province of Nova Scotia, Canada.
The ten-year loan will be help the business restructure to help ensure long-tern sustainability.
The family-owned business employs almost 70 full- and part-time staff.
The aquaculture industry in Florida, USA has grown to $69 million a year according to the Florida Department of Agriculture and Consumer Services Florida and Florida Agricultural Statistics Services.
The first state-wide aquaculture study since 2005 reported sales from 404 farms breeding a range of species including fresh and saltwater fish, shrimp, alligators and turtles.
Ornamental species accounted for just over half of the total revenue, making $35.5 million. The second largest earner was aquaculture for human consumption which made $24.1 million.
market
survey conducted by Florida Department of Agriculture and Consumer
Services and Florida Agricultural Statistics Service. - See more at:
http://highlandstoday.com/list/highlands-agri-leader-news/florida-aquaculture-market-grows-to-69-million-20130828/#sthash.eK7TvZsx.dpuf
market
survey conducted by Florida Department of Agriculture and Consumer
Services and Florida Agricultural Statistics Service. - See more at:
http://highlandstoday.com/list/highlands-agri-leader-news/florida-aquaculture-market-grows-to-69-million-20130828/#sthash.eK7TvZsx.dpuf
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| Alligatoren (Alligator mississippiensis) in Florida (Photo credit: Wikipedia) |
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