Investors Swoon Over Land-Based Salmon Farming in Maine
Down East Maine is one of the poorest parts of the United States.
The area used to have large numbers of salmon canneries and paper mills, which have all disappeared.
Now, the drop in costs for land-based salmon farming has resulted in an investor-led rush to acquire and build suitable properties in Maine.
The latest investment group is Whole Oceans, a company owned by the private equity venture group called Emergent Holdings, which first filed its Securities and Exchange Commission ...
Federal Salmon Farming Audit Makes Eight Recommendations
A report on salmon farming in Canada, released by the Commissioner of the Environment and Sustainable Development, Julie Gelfand on April 24, concluded “that Fisheries and Oceans Canada did not adequately manage the risks associated with salmon aquaculture consistent with its mandate to protect wild fish.”
The report also said that DFO had not “made sufficient progress in completing the risk assessments for key diseases that were required to understand the effects of salmon aquacult...