Monday, September 26, 2011

Today's IBJ: 'Swimming with Potential ... Fish farming could become $1B industry in Indiana'

Quoting from the special report in the Indianapolis Business Journal by Sam Stall:

"The ISA’s golden boy is Redkey-based Bell Aquaculture, the state’s only industrial-scale fish farming outfit. While Indiana’s aquaculture industry produces only 1 million pounds of fish annually, expansion plans at Bell will double that number by next year.

And the technology the company is developing could pave the way for even higher production. Put simply, company officials have figured out how to raise their fish—yellow perch—indoors under highly controlled conditions, just as chicken and hog farmers do.

The company’s plant raises 1.8 million fish annually. That number will balloon to 3 million when a $5 million expansion wraps up in 2012.

To no surprise, Bell President Norman McCowan is bullish on Indiana’s aquaculture potential, believing that the state (and his company in particular) possesses the three things necessary to make a go of it: sustainable technology, readily available food (soybeans) and water, and funding."

Link to the article (subscription required)

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