Why Farm Salmon Outcompete Fishery Salmon
Over the past quarter century, the salmon aquaculture industry has grown rapidly. Price declines caused by the resulting worldwide increase in salmon production have severely impacted the salmon fishing industry, particularly in Alaska. In this paper, we examine the reasons behind the success of farm salmon. In addition to its inherent market advantages, farm salmon has benefitted from a legal structure that limits the ability of the fishing industry to adjust to competition. We look at these fisheries laws and at the impacts of various policy options on the future economic, ecological, and political sustainability of the fishing industry.
FSI scholars approach their research on the environment from regulatory, economic and societal angles. The Center on Food Security and the Environment weighs the connection between climate change and agriculture; the impact of biofuel expansion on land and food supply; how to increase crop yields without expanding agricultural lands; and the trends in aquaculture. FSE’s research spans the globe – from the potential of smallholder irrigation to reduce hunger and improve development in sub-Saharan Africa to the devastation of drought on Iowa farms.