Port Pegasus a no-go for salmon farming
2017-11-14 17:22:07   copyfrom:    hits:

NEW ZEALANDThursday, November 02, 2017Prospects for salmon farming in the north arm of Stewart Island& 39;s Port P

 

NEW ZEALAND
Thursday, November 02, 2017
 

Prospects for salmon farming in the north arm of Stewart Island's Port Pegasus have gone belly-up.

The site was given extensive Government-funded scientific study after being deemed the most promising of five identified by the Southland Regional Development Strategy for aquaculture development.

But water currents have been found to be lower than expected, which would require lower production limits.

That would create "significant challenges", reduce the net benefit to the regional economy and mean "a level of economic uncertainty" for any farms, SoRDS New Industries team leader Mark O'Connor said.

"SoRDS is obviously disappointed that this wasn't the economic opportunity that was hoped for, but this is the reason why the feasibility study was undertaken," he said.

Source: Stuff


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