A report on closed containment fish farming was released this past week by Fisheries and Oceans Canada (DFO). The report looked at the financial viability of several ways to grow salmon, which included land based tanks, ocean net pens and ocean solid walled systems. Land tanks shows a marginal return on investment after 3 years (4%) and ocean net pens returned 52%. All other options failed to return a profit. The government then, and rightly so, recommends a land based system (Recirculating Aquaculture System, RAS) pilot project to see if the estimated financial returns are accurate or can be improved.
The Coastal Alliance for Aquaculture Reform (CAAR), came quickly out of the gate with a press release entitled “DFO study confirms viability of closed containment technology for salmon aquaculture”. (note-the CAAR release does not link to the DFO report). We’re not sure if they actually read the study? Cause that ain’t what it said at all. It said 4% return. Maybe that’s why none of these wingnuts have made it in the real world of business.
CAAR was hoping journalists would just take their word for it and not actually read the study. Thankfully, respected journalists are becoming all too aware of the games played by CAAR and their U.S. Foundation friends.
Scott Simpson at the Vancouver Sun did pick up the story and wrote this reasonable article: “Fisheries department recommends salmon aquaculture pilot project.”
Yep, that’s accurate.
But then Scott must have read a little further and the next day reported, “Open salmon pens more profitable”.
Yep, even more accurate.
For comparison sake, the BC Salmon Farmers Association (BCSFA) released a statement about the DFO study as well: “Some answers, more questions for closed containment”. And note-it did link to the DFO study.