During the last 25 years, aquaculture production has changed from a minor, relatively unimportant contributor to the world’s seafood supply (about 7% in 1975) to constituting about one-third of supply in 2000 (FAO 2002). This has, of course, changed seafood consumption patterns substantially, and therefore, market structure. An implication of this development is that aquaculture production, in many cases, cannot be ignored if one is interested in the functioning of seafood markets. This is true even in the case of fishery regulations. For instance, salmon and sea bass provide prime examples of how growth in aquaculture production leads to price reduction and a very different market environment for the fishermen that target these species. As noted by Anderson (2002, this issue), the distinction between a fishery and aquaculture depends, to a large extent, on the degree of control over the production process. This depends both on the migration of the stock in question and the degree of property rights. Hence, an ITQ system is closer to aquaculture than an open-access system. The distinction between a fishery and aquaculture then becomes very blurred for quite a few species, such as mussels, scallops, etc. These species, in principle, are wild and, in most cases, the breeding process is not controlled. However, when fishermen have use rights to a particular oyster bank, for example, and attempt to make the bank more productive, this is basically considered extensive aquaculture, having a number of similarities to traditional oyster aquaculture in China or France. As one gains increasing control over the production process, including breeding and feeding, aquaculture becomes more intensive and industrialized. To what extent the production process can be controlled is important with respect to planning, and thereby influences the timing and the quality of the product sold. The increased degree of control over the production process for aquaculture products has led to interest in a number of new research topics relating to seafood products on both the production and market sides, since this control enables producers to influence more parameters than in the traditional fishery. However, as new regulatory tools give fishermen increased control over their harvest, many of these topics are or will become important in studies of traditional fisheries. Moreover, their importance is likely to increase as the competition between wild and farmed seafood intensifies, and as market requirements become similar for captured and farmed seafood (e.g., in the form of ecolabels).
Read full abstract