Sept 26, 2010
Buried in a prospectus inviting investors to buy shares in a fledgling biotech company is an arresting claim attributed to the UN’s Food and Agriculture Organisation.
“Commercial aquaculture is the most rapidly growing segment of the agricultural industry, accounting for more than $60bn sales in 2003. While land-based agriculture is increasing between 2% to 3% per year, aquaculture has been growing at an average rate of approximately 9% per year since 1970.”
And then the prospectus for the US company AquaBounty offers this observation to tantalise prospective investors: “The traditional fishery harvest from the ocean has stagnated since 1990.”
So what is to be done to satisfy the world’s seemingly insatiable appetite for fish? An appetite that will see the consumption of farmed fish outpace global beef consumption by nearly 10% within five years, according to the UN?
This article was posted: Sunday, September 26, 2010 at 4:50 am