Aquaculture has been the fastest growing food sector for five decades and now contributes roughly half of global seafood consumption. However, sustainable growth will depend on how the industry and regulators manage disease in fish farming, environmental problems, and competition for ocean space with other sectors. We provide an overview of the economics of farmed seafood and its role in the global food system. We discuss the emergence of new technologies in salmon aquaculture and how they provide both a foundation for flexible management toward sharing of ocean space, as well as a new set of challenges to society in developing new policies that enable sustainable growth in all dimensions–economic, environmental, and social. We then analyze economic incentives for disease management and ways that improved governance could increase industry performance, provide more seafood to consumers, and protect the environment.
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