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Old 10-03-2015, 11:14 AM   #20
soupfin
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Join Date: Jul 2006
Posts: 225
Re: Do we think this fish farm is a bad idea?

Hey Rojo,

I did a little research and Hubbs is partnering with the investment firm "Cuna Del Mar" for this Fish Farm. Cuna Del Mar"s major investor is Christy Walton of Walmart.

WalMart is getting into the fish farming business.

There are 3 fish that are looking to be farmed there, WSB, Yt and Striped Bass.

Up here in Santa Barbara, the hook and line White Seabass fishery is a very large part of a lot of small boat commercial fisherman's income, as it consistently brings a high price(over $5/lb).

I wonder what the fisherman's price of WSB will be when Walmart is selling WSB fillets for 12/lb? At full capacity the production is expected to be 500mt/year. That is a lot of Fish!

On an economic level, this farm would further centralize who gets the consumers money from a seafood purchase, and as a commercial fisherman the volume of fish it would produce may flood the market and bring the overall price paid to the fisherman way down.

Who is to say that if the market overseas is better the fish from the fish farm won't get shipped to China?

Anyways, these are a lot of the concerns floating around in my head.

Your thoughts?

Eric Hodge
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