Is salmon farming moving away from the coast?
Salmon Evolution is now reporting that they expect to make the first profitable land-based operation of salmon farming in the second quarter of 2023 . Within the third quarter, they expect to be competitive against sea-based farming, says CFO Trond Haakon Schaug-Pettersen. Profitability on a large scale has not yet been achieved for land-based production, and we may be seeing the beginning of a shift in the industry in the near future. The main reason why this is happening now is the maturity of technologies which reduces the cost of land-based farming. The main advantage of this technique is the complete control over the environment, which means no sea lice or other diseases, as well as no flooding or escaped salmon. Sea lice in particular is a very significant cost of farming on the coast, and the number of fish deaths from diseases increased in 2022 compared to 2021 . And new research indicates that the danger of sea lice has been underestimated . In addition to this, the use of co...