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Canadian government invests in aquaculture

Investment will equal close to $2.5 million

By Diego Flammini, Farms.com

Aquaculture is an ever growing industry and news out of Prince Edward Island shows that the Canadian government is taking notice and doing their part to help it continue to grow.

Gail Shea, Minister of Fisheries and Oceans, Regional Minister for Prince Edward Island and who is also the Member of Parliament for Egmont announced a government investment of nearly $2.5 million to the Canadian Aquaculture Industry Alliance (CAIA).

The CAIA will use the monies to perform market research, attend international trade shows and lead missions to make potential trade partners aware of Canada’s farmed seafood including salmon, mussels sablefish sturgeon and oysters.

The primary international targets are the United States, Asia and Europe.

"Aquaculture represents nearly 50% of seafood consumed worldwide,” Minister Shea said. “Thanks to our Government ambitious free trade agenda, economic opportunities for this sector are greater than ever. We are proud to support this industry in their efforts to market and promote high-quality products to key international markets while creating employment opportunities and economic growth in rural, Aboriginal and coastal communities.”

Canada’s aquaculture industry at a glance:

  • 85% of Canada’s aquaculture is exported at an estimated total value of $576 million
  • Canada ranks 26th in world aquaculture in terms of production and is the 4th largest salmon producing country
  • Total sales of fish and seafood in 2014 was $4.9 billion – up from $517 million in 2013

Salmon

Tell us your thoughts on the Canadian government investing close to $2.5 million into the country’s aquaculture sector. As a fish farmer does it encourage you to know your products will be showcased worldwide?


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US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops

Video: US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops


A dry August and a “flash drought” in the ECB (Eastern Corn Belt) the driest top 10 to 15 years in 150 to 160 years (Ohio the driest in 133 years) plus disease is taking a bite out of the 2025 U.S. corn and soybean crops.
It's going to be an early harvest. This could be the start of the 89-year drought cycle that may have been delayed until 2026 as La Nina maybe returning.
The USDA September crop report is all about record corn ears and record soybean counts but the October USDA crop report will be about pod and ear weights.
Stats Canada reported higher forecasts for the 2025 Canadian Prairies all wheat and canola crops vs. last year based on satellite imagery but are they overestimating production?
The 2025 Great ON Yield Tour and Quebec crop tours are projecting corn and soybean crops below the 10-year average.
China's Vice Commerce Ministry Li Chenggang visits Washington this week as we continue to connect the dots is a positive sign towards a China/U.S. trade deal. But will U.S. farmers have a winter without China as they buy more soybeans from Uruguay/Argentina? U.S. Northern Plain soybean farmers are seeing red with flat prices at $8.97/bu!
U.S. corn exports on record pace up 99% vs. last year.
Fund short covering continues in corn futures bottom is in!