Rise in fish farming positive for US soybean farmers
Hungry fish that could eat more soy meal, this is what new US statistics show. Aquaculture is on the rise meaning good news for soybean farmers.
The US aquaculture industry has been in decline, especially in recent years, but National Oceanic Administration Association (NOAA) figures show that aquaculture production rose by 4% from 2010-2011.
That’s good news for the US soy industry. Traditionally fish farmers have fed fish meal to their stocks, but a decline in the wild-fish population has pushed fish-meal prices higher. Not only is US soy now often a more affordable option, it also provides a more sustainable protein.
The NOAA report found that US salmon production in the Northeast and Pacific Northwest saw the most growth, increasing by 33%.
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