March 29, 2013
US soy farmers may benefit from rising aquaculture sector
New US statistics show that its aquaculture industry is on the rise which is good news for soy farmers.
The US aquaculture industry has been in decline, especially in recent years, but National Oceanic Administration Association (NOAA) figures show that aquaculture production rose by 4% from 2010-11.
That's good news for the US soy industry. Traditionally fish farmers have fed fish meal to their stocks, but a decline in the wild-fish population has pushed fish-meal prices higher. Not only is US soy now often a more affordable option, it also provides a more sustainable protein.
The NOAA report found that US salmon production in the Northeast and Pacific Northwest saw the most growth, increasing by 33%.