Kelp Farming, An Untapped Market That Could Be Worth Millions

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Nova Scotia is allowing shellfish farmers to add kelp to their aquaculture leases, potentially creating a kelp industry worth nearly $40 million in the next 3-5 years. Previously, kelp farming was only approved for pilot projects. The Ecology Action Centre’s analysis suggests Nova Scotia could capture 10% of the North American market due to its natural resources and existing seafood industry.

The report proposes farming on about 1,080 hectares of ocean, potentially producing 5.4 million kilograms of kelp within a few years. More lease approvals are necessary for industry growth, and the Nova Scotia Department of Fisheries and Aquaculture is now allowing amendments to existing shellfish licenses to include kelp. (Learn More)

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