Jonathan van Senten, PhD of the Virginia Tech Seafood AREC Department of Agricultural and Applied Economics will present this month’s VIMS seminar on the effects of inefficient regulations for Aquaculture.
Declines in the growth rate of U.S. aquaculture have been partially attributed to the overlapping and inefficient regulatory framework, which is believed to have constrained the industry. In an effort to quantify the costs and effects of regulatory compliance at the farm level, three sectors of U.S. aquaculture have been studied by Dr. van Senten to date.
The first of these studies examined the farm-level regulatory burden and its economic effects on the U.S. baitfish/sportfish sector of the aquaculture industry, which was followed by similar studies on the U.S. trout industry and the west coast shellfish industry.
Regulations will have some degree of cost to farms, however, the magnitude of the regulatory cost burden on U.S. aquaculture calls for concerted efforts to identify and implement innovative regulatory monitoring and compliance frameworks that reduce the cost burden for producers.
Wednesday, December 4, 2019
Virginia Institute of Marine Science