everyone should read the book 'four fish' to grasp the realities of fish farming. bottom line, without government subsidies, they can't exist.
Not so sure about that. Due to the fact that salmon and other aquaculture species with tails and fins are able to swim and float with neutral buoyancy, they don't have to fight gravity like you or I (or cattle or pigs or chickens)
That results in a very efficient feed conversion ratio (1 lb of feed produces approx. 1 lb of fish protein---compared to a cow, that's roughly 7 times more efficient of a conversion ratio)
With the rapid global population growth, people are competing for commodities such as grain and soy beans. Cheap fish like anchovies and sardines that used to be produced into fish meal to support both feed lots and aquaculture were plentiful. Not any more--- commodities of all types are spiking. So with expensive feed, aquaculture has a distinct advantage over meat protein
Aquaculture has come a long way. It's estimated that today, salmon farms are producing 10 times the pounds of fish they did in the 1990's with much less pollution. Like the approach to ocean farming or not, efficiencies breed additional margins to owners.
And the technology is getting better: the promising new (old) technology----polyculture ---China has been doing it for thousands of years in rice paddies with carp and pigs and kelp; that same dynamic is now being used with blackcod, cockles, oysters and kelp (on Van Isle ---a tip of the hat to Van Isle!) .
Down current of the blackcod pen are shellfish beds---the organic excretions from the blackcod get filtered out by the oysters, cockles and mussels then what the shellfish don't get the kelp gets further down current.
All the items in the polyculture food chain are marketable.
Once you get efficiencies of scale, you get greater percentages of protein and vegetable matter for each pound of feed you add to the mix.
I'm optimistic, though the disease and sea lice problems associated with open-ocean salmon farming have poisoned both the fjords and the investment waters and require a totally new approach, no doubt.
The problem with inland production---huge demands for water and power. Not a good dynamic for profit margin in that approach