Fish farming in Indiana is growing and is still on the rise, having doubled the number of aquaculture farms since 2006, a new study shows. The report, written by scientists at Purdue University, reveals that fish farming in the state, despite being performed on a small scale, is showing signals of continuous growth.
In 2012, the estimated sales from Indiana fish farms amounted to more than US$15 (€11.257) million. This represents an important growth since 2006, when sales were just US$3.5 (€2.627) million, according to the publication Economic Importance of the Aquaculture Industry in Indiana.
In the report, Aquaculture marketing specialist in Purdue University’s Department of Agricultural Economics, Kwamena K. Quagrainie, commented: “While aquaculture is not the most well-known industry in Indiana’s agriculture sector, it is definitely present and very important to the state’s economy.” He did the research together with graduate student Megan C. Broughton.
“The industry has seen steady growth over the past few years, and it is important to know exactly how much economic activity is associated with aquaculture in Indiana,” Quagrainie remarked. The scientist, who co-authored the paper, pointed out that the state of Indiana has specialised in unique fish such as marine shrimp, yellow perch and freshwater prawns.
Crucial points of the report indicate that the number of fish producers has more than doubled since 2006, reaching 50 producers in the state.
Aquaculture yielded US$877,980 (€658,896.773) in sales tax and US$101,506 (€76,177.106) in income tax in 2012. Last year, the aquaculture industry employed 269 people in the state.
Quagraine pointed out the difficulties of staying in the business, since raising fish in captivity requires a lot of financial investment, fact which was corroborated by Bell Aquaculture Sales and Marketing Director, Jon Bennett, who said that to run an aquaculture farm in an efficient way, his company had to constantly update and improve the technology they employ in order to stay in business.