How to bury investment and banish innovation

Plans by the Norwegian government to slap an additional?40 percent “resource rent tax”?on its largest salmon companies have been met with a predictable response by farmers – first outrage, then?financial threats. While targeting the industry's profits must be tempting for any state facing spiralling operational costs, a combined 62 percent tax bill would leave little room for the farmers to make the investments that prime the pump for improvements and innovations across the global aquaculture industry. Whether the bill is enacted by the Storting will be a reflection of whether Norway's politicians are more interested in a populist quick fix or a plan for long-term prosperity.

In other news the rebranded Fish Site is pleased to officially launch its?new media arm?and?Instagram acccount?this week. Creatively combatting the prejudices against the sector will be a key part of its mission. As the Norwegian government is currently being reminded, aquaculture is not just a cash cow that can be milked on demand.

Would you like weekly insights from us??Sign up here, it's free! No spam, just seafood.?Promised.

Editor's picks

Norway moots 40 percent tax for the country’s largest trout and salmon farms

Scaling up the adoption of technology in Indian aquaculture

Solving the aquatic cryopreservation conundrum

Women in aquaculture: Ragnhild Jesica Bjella

A new name in automated aquafeed systems

In case you missed it

• Can Ghana’s pond farmers match the productivity of their counterparts on Lake Volta?
• Annual insights into fishmeal and fish oil production
• Ler?y suspends investment pending tax decision
• Spectre of salmon tax causes Cermaq to freeze Norwegian investments
• Emerging research promises waste-free biorefinery for seaweed
• Leveraging seaweed knowledge into success
• Finns develop affordable RAS alternative
• Connecticut Sea Grant receives $850,000 in federal funding
• New Zealand's Endeavour Fund backs aquatic disease research
• US AQUAA Act gains new sponsors and builds momentum
• Improved traceability could boost global seafood profits by 60 percent
• Aquafeed startup partners with funder to host an industry-led innovation showcase
• Five steps to ensure living wages in Vietnam’s aquaculture sector
• VR tool from the subsea sector finds new home in the aqua industry
• FAO plans to overhaul Gambia’s mangrove oyster industry
• “Fish farms cannot stop their activity and wait for the storm to pass,” says FEAP
• Experts push farming of the “world’s most edible fish”
• Making Tamil Nadu “a one-stop destination for the seaweed sector”
• Study raises concerns about contaminants in edible seaweeds
• Probiotics shown to significantly improve larval oyster survival
• How can Ecuador make the most of its ever-growing shrimp production?

Upcoming aquaculture events

• Association of Scottish Shellfish Growers annual conference 2022
• Smolt Production in the Future
• The 5th Indonesia Seaweed Forum

Would you like weekly insights from us in your inbox??Sign up here, it's free! No spam, just seafood.