We Americans like to eat fish. Lots and lots of fish. 16 pounds each per year, on average. But saltwater fish are getting harder to come by, thanks to a combination of government meddling, overfishing, and high transportation costs. So why hasn’t someone figured out how to profitably raise fish inland?
The Harbor Branch Oceanographic Institute is figuring out how to do just that. It’s great to see another example of rising demand driving innovation on the supply side. Leave it to the market to come up with an answer to a shortage (are you listening, George W. Bush?).
This little tidbit caught my eye:
The aquaculture industry has seen a 300 percent increase in the last two decades and has become the fastest-growing segment of U.S. agriculture production.
I wonder if there’s an aquaculture mutual fund.
I’m not too thrilled that the U.S. Department of Agriculture is involved in the project, but I suppose it’s inevitable that the bureaucrats would horn in at some point. I just hope we don’t go overboard and follow New Zealand’s example by putting a moratorium on new aquaculture farms until bureaucrats untangle their own regulatory mess (don’t hold yer breath, Kiwis).