Soybean growers welcome groundbreaking regulations

Soybean growers looking for new markets welcomed the new regulations to implement an offshore aquaculture program in the Gulf of Mexico. See Landmark rule to boost offshore fish farming in the US

            The American Soybean Association said the rule “represents a key early step in the fostering of a domestic offshore aquaculture industry,” which will need soybean meal to be successful.

            “Currently, the US imports 91% of the seafood Americans eat, contributing to a trade deficit (in seafood) of $11.2 billion,” ASA said. A “streamlined” aquaculture policy “will encourage development of a domestic industry that creates jobs, meets growing demand for a safe and sustainable source of seafood, and fosters an additional and growing domestic market for the soybean meal that provides such a valuable source of protein in fish feed.”