The US loves shrimp. We consume over 1.6 billion pound per year. The domestic wild catch industry can supply approximately 10% of our annual requirement, so we have no choice but to import 90% of our shrimp.
How can we change that? Many aquaculture companies promising to reduce the US’s dependence have come and gone over the past 20 year. Investing hundreds of millions to figure it out, yet NONE have ever been able to figure out how.
The hurdles in building a viable industry are well known, but ideas on how to overcome them have not worked. So, what is next? I will discuss potential game changing technologies that may finally make a real difference. I will share some of my personal experiences in building the largest fully integrated shrimp farming company in the US, and I will present my thoughts for bussing entrepreneurs who are attracted to the market, but who need to know the potential pitfalls.