How to Invest in Seafood
Increasing consumer desire for seafood provides many opportunities for investment at several points along the seafood supply chain. Fishing businesses, fish farms, processing plants and restaurants are some of the various types of investment opportunities available in the seafood industry. Sustainability investment funds also offer investors opportunities to invest in the seafood industry.
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Instructions
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Start a fishing company. Obtain fishing permits from your state. Identify a type of fish that you will catch. Obtain insurance. Purchase a fishing boat complete with nets and storage containers for icing down fish. Hire a work crew of able-bodied men and women. Set sail! Fishing requires strength, persistence and experience to catch fish in the open sea.
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Develop a sustainable fish farm. As of 2010, heavily-fished wild fish species hovered near collapse. Fish farms have traditionally suffered from raising toxic fish that are highly susceptible to disease. Sustainable farming practices seek to limit the environmental impact of fish farming. Fish farmers are pioneers in sustainable aquaculture. No best method of sustainable fish farming has yet been established. Developing a sustainable fish farm will place you at the cutting edge of investment in the seafood industry.
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Establish a value-added processing plant. Value-added processing plants turn farmed or caught fish into breaded fish sticks, crab cakes, canned tuna or canned salmon. The outfit can be small so long as it is located close to a fishing market, such as the northern Pacific, northern Atlantic or the Louisiana coast. The actual facilities and permits required will depend on the type of seafood processing you perform.
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Open a seafood restaurant. Restaurants that specialize in seafood can appeal to tastes as broad as fried catfish to grilled black sea bass. Purchase or build a building with a suitable kitchen. Identify a customer demographic. Hire an experienced chef and develop a menu of fish entrees that appeal to your target customer. Offer options from Atlantic, Pacific and Gulf of Mexico fish species. Decorate the restaurant in a theme that will make your customer base feel comfortable and special. Advertise in magazines, newspapers and on the radio to attract customers.
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Contribute capital to a sustainable seafood investment fund. Investment funds offer investors a method of investing in the seafood industry while reducing the risk of having all of their eggs in one basket. Investors pool their money on a collection of companies selected by the investment management company. Look for investment funds that invest in companies that are concerned with sustainability as well as earning profits.
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References
- Seafood Source: Algeria to Invest In Aquaculture
- Seafood Source: U.S. Retailers Get Creative For Holidays
- Government of Canada: Invest in Canada's Fish and Seafood Industry
- Sea Change Management: A Fish Story
- Invest In Greece: Greece's Leading Role In Fish Farming Offers Investors A Wide Variety Of Opportunities
- University of Hawai'i Sea Grant Exchange Program: Safe and Sustainable Seafood Supply
Resources
- Photo Credit Seafood roll-sushi image by Roman Gorodko from Fotolia.com
