NCRA - The USDA Wants To Make America A Leader In Aquaculture Production – A Quick Look At The Industry
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By David Willey, Benzinga
Click here toread the latest research report on Nocera
Aquaculture, thecontrolled cultivation of fish and other aquatic creatures as opposedto commercial sea fishing, is currently estimated to be worth $191.3billion globally. Over 3billion people rely on fish as a healthy protein source, andthey are turning to aquaculture as a more dependable and sustainablesolution.
Commercial overfishing hasled to ocean pollution and ecosystem degradation. Plus, continuingsupply chain concerns are pushing providers to look for localsolutions. Though the U.S. still imports upto 85% of its seafood, the United States Department ofAgriculture (USDA) wants to expand America’s aquaculturecapabilities and make the U.S. aleader in aquaculture production . This is creating marketopportunities for companies developing aquaculture and recirculatingaquaculture system (RAS) solutions.
A Quick Look At CompaniesInvesting In Fish Farms
Taiwan-based Nocera Inc. (NASDAQ: NCRA) acquireda 229-acre agricultural property for a fish farm in Alabama,as part of its expansion into US aquaculture. Nocera, a RAS productionand consulting company, has seen a series of successes in the USaquaculture market.
As well as listingon the NASDAQ last year, Nocera CEO and president Jeff Chengrevealed Nocera may potentially build one of the U.S.’s largest fish farms in Georgia. The company alsosaw recordmonthly revenue in November.
“We are committed to raise green and sustainablefish for the market and look forward to continued execution of ourfish farm construction in the months ahead,” said Cheng. “We will continue to invest and expand in a green andsustainable way in the United States and globally, ”
Interested in learningmore about aquaculture? Visit Nocera’s website .
Other RASaquaculture companies include AquaBounty Technologies Inc. (NASDAQ: AQB), which is constructing an Atlantic salmon farm in Ohio,and Blue Star Foods Corp. (NASDAQ: BSFC).
These companies areworking in tandem with USDA Prioritizations for expanding domesticfishing solutions.
This article wasoriginally published on Benzinga here .
Nocera,Inc. is an engineering, procurement, and construction (EPC) companythat designs, builds, and installs equipment for the fish farmingindustry, as well as provides technical assistance to fish farmoperations. Our Recirculating Aquaculture Systems (“RAS”) helppreserve the environment by reducing pollution from over concentrationof fish as often occurs in fish farms based in natural inlandwaterways or bodies. Nocera’s RAS tanks can produce 20,000 –30,000 lbs. of fish annually.
This post containssponsored advertising content. This content is for informationalpurposes only and is not intended to be investingadvice.
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