Our independent, deep, and unbiased reporting isn't possible without your support. Become a sustaining member today—for as little as $1 a month. The brand recently launched a social media campaign to boost consumer education and recognizes the hardships that come with commercializing any new product. On average, King Salmon weight about 20lbs and range from 30-40 inches from nose to tail. It’s not saying ‘no’ to something simply because there is a vocal opponent,” Wulf says. Use of this Site constitutes acceptance of our User Agreement and Privacy Policy. But it’s not clear who will buy it. (There is certainly cause for concern.) We reserve the right to bar, restrict or suspend any user’s access to the Services, and/or to terminate this license at any time for any reason. After a wave of media attention surrounding the topic, retailers like Costco, Trader Joe’s, Aldi’s, Whole Foods, Target, and Kroger released statements announcing that they wouldn’t sell AquaBounty’s GE salmon. If a boycott campaign continues apace, they may have to wait even longer. Delivered to your inbox weekly. Seafood Chowders. Aramark did not respond to media inquiries.). We may also impose limits on certain features and services or restrict your access to parts or all of the Services without notice or liability. AquaBounty Technologies, Inc. engages in the provision of land-based aquaculture services. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of The Counter. And meanwhile, they can continue to sell everything else that’s GM and not have it gain attention,” Kolodinsky said. By using The Counter (“us” and “we”) website or any of its Content (as defined in Section 9 below) and features (collectively, “Services”), you agree to the terms and conditions of use below and such other requirements that we inform you of (collectively, “Terms”). AquaBounty Technologies, Inc. (AQB), a land-based salmon farming pioneer, has successfully commenced the commercial-scale harvest of conventional Atlantic salmon raised … The most damning feature of AquaBounty’s business model is the primary one. Even though AquaBounty’s only current facility is landlocked, the judge wrote that FDA may be tempted to approve fish pens in the open ocean in the future. MAYNARD, Mass., Dec. 09, 2020 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that it has commenced a proposed underwritten public offering of common stock of the Company. We have a lot smaller carbon footprint than salmon flown in from Chile or Norway.”. Description: King Salmon are the largest of the salmon species. The GE salmon combines a growth hormone-regulating gene from Pacific Chinook Salmon with genes from Atlantic Salmon and Ocean Pout. It includes farming of aquatic organisms such as fish, shellfish, crustaceans, and aquatic plants. It’s also engaged in nutrition studies to optimize feed programs and is looking at feed ingredients like algae-based oils. ©2020 The Counter. The bioengineered fish, genetically modified to grow twice as fast as conventionally bred salmon, was created in 1989, and approved as safe to eat by the FDA in 2015. “We didn’t know when the import alert would lift and we’d be allowed to bring eggs into the US. AquaBounty maintains that its GE salmon will be “traceable. AquaBounty’s bioengineered fish is genetically modified to grow twice as fast as conventionally bred salmon. Murkowski has continued her efforts to attach targeted requirements to the production and sale of the GE salmon. Documents related to this approval are available below. What we always planned to do was create these relationships, processes, and customers with conventional salmon to make sure our supply chain is in good shape so that by the time we get to AquAdvantage we are harvesting, packaging, shipping, and doing everything we need to do to be successful.”. (The genetic change doubles the … Due to historic logging and development, as well as warming waters, only a few thousand fish return to the Quinault River every spring, Sharp said. 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When it happens, they say the GM fish could outcompete the wild salmon for food. Get the latest news and views on global food and agriculture technology startups and the investors behind them. By Gareth Moore. Under the US’s, 5 ASEAN startups tackling the messy middle of the agrifood value chain, Australia’s indoor ag sector has been slow off the mark. Other companies that pledged not to sell GM salmon include America’s largest supermarket chains, such as Walmart, Kroger, Albertsons, and Ahold Delhaize, the parent company of Food Lion and Giant. “We absolutely plan to label it,” Sylvia Wulf, CEO of AquaBounty, tells, . “Avoiding potential impacts to wild salmon populations and Indigenous communities, whose livelihoods are deeply connected to and often dependent upon this vital resource, is core to our company’s commitment to making a positive impact on people and the planet,” reads a corporate policy memo from Aramark, which runs cafeterias in schools, universities, hospitals, prisons, and office buildings around the country. It is your responsibility to review these Terms prior to each use of the Services and, by continuing to use the Services, you agree to all changes as well as Terms in place at the time of the use. AquaBounty has been looking seize its share of the industry, one in which the U.S.A. imports 97% of the salmon on the market today. But things came to a screeching halt soon after. Although the FDA’s decision to lift the import alert constituted a major milestone for AquaBounty, a few big hurdles loom on the horizon. AquaBounty salmon Should you buy it? AquaBounty recently began the first commercial-scale harvest of its conventional Atlantic Salmon raised at its Indiana farm. That's about 400,000 metric tons per year according to experts. “The majority of our salmon is sold through foodservice channels, as is about 55% of all salmon. “We let them know about the environmental risks, the health risks, and the concerns about the impacts to Indigenous communities,” Perls said, and that the salmon would go “against their sustainable sourcing policies.”, (Genetically modified foods are safe for human health, according to the Food and Drug Administration. Get a weekly dish of features, commentary and insight from the food movement’s front lines. AquaBounty says its first bioengineered salmon will be harvested in March, but that doesn’t mean it’ll be easy to buy. As for consumer acceptance, Wulf is optimistic. (A different spokesperson previously told The Counter that harvest would occur in late 2020. Currently, AquaBounty only has one American hatchery, located in Indiana. What we found […] is that if you give consumers the facts around whether it is safe, whether it tastes good, and whether it is affordable, then the answer to whether they will eat it is yes.”. The main difference with other varieties of farmed salmon is the growth rate: An AquAdvantage fish takes roughly 18 months to reach harvest size, compared to 24 months for its counterparts. I don’t think we will ever sell to Whole Foods, which is a big mistake on their part because there is a lot of misunderstanding around GMOs [genetically modified organisms] and we are the most sustainably raised salmon available.”. Some of the companies that have pledged not to sell GE salmon already sell foods made with genetically modified ingredients, like corn and soy derivatives. The texture of King is firm and the natural oil content is high, making it easy to cook using a variety of preparation methods. Chief executive Sylvia Wulf said she hoped the company’s salmon, which are being grown in a recirculating aquaculture facility (RAS) near Albany, Indiana, would be on sale to the US public … In 2016, the FDA issued an import alert that prevented AquaBounty from bringing its AquAdvantage salmon into the US from Canada and South America, where they are reared. Donate. Other Seafood Specialties. The fish should be ready for consumption around mid- to late-October throughout the Midwest. “We absolutely plan to label it,” Sylvia Wulf, CEO of AquaBounty, tells AFN. U.S. District Judge Vince Chhabria argued the agency had not adequately considered the impact that those pens could have on natural habitats, and particularly, whether a pen breach could lead to an escape that permanently endangers other species. Where does FBN’s Gradable Carbon fit into the growing carbon credit ecosystem? We may modify, suspend or discontinue any aspect of the Services at any time, including the availability of any Services feature, database, or content, or for any reason whatsoever, whether to all users or to you specifically. “Several of them have said that it’s about giving consumers the choice. The changes also will appear in this document, which you can access at any time. ... For the same reason they don’t label the variety of corn you buy, the breed of beef or pork, the use of antibiotics, if the plant was created with mutation breeding. Signatories also include the foodservice companies Sodexo and Compass Group, and restaurants like Red Lobster. For decades, Americans have been teased with the impending arrival of genetically engineered salmon. It’s antibiotic-free, and not exposing the salmon to chemicals, disease, or predators like you see with some large sea cage operations where those things are just a fact of life,” Wulf says. “The fish is farmed so close to consumption. All rights reserved. The Foodservice has been the hardest hit by the pandemic,” Wulf says. We are raising it in a safe, secure environment that allows us to conserve water and natural resources. Read More It focuses on salmon product, a bioengineered Atlantic salmon that can grow to market size faster than conventional farmed Atlantic salmon. A company spokesperson said the fish would come to market within “a matter of days” after. In a written statement to The Counter, AquaBounty chief executive Sylvia Wulf said the company expects its first harvest of GE salmon in America to be conducted by the end of March. The idea that an escape would threaten Native American food sovereignty is also a powerful motivator. In 2016, Friends of the Earth, along with a group of environmentalists, wild salmon fishers, and the Quinault Indian Nation, filed a lawsuit against the FDA to overturn the approval permanently. I could go on, but all of these plus gmos have all been deemed safe. People who say they are opposed to using GMOs in plant production are “very opposed” to modifying animals, Kolodinsky said. Here’s how to give it the kickstart it needs, America’s Cultivation Corridor: We Grow AgTech Innovation, Sprout – Accelerating the Future of Food Production and Delivery, National Bioengineered Food Disclosure Standard, Coordinated Framework for the Regulation of Biotechnology. Although the legal status of the AquAdvantage salmon is in limbo, AquaBounty, the Massachusetts-based biotech company that developed it, told The Counter it expects to harvest the fish from an Indiana facility in March, and bring it to market shortly thereafter. Several major grocery stores, restaurants and food retailers have made commitments to not sell genetically engineered salmon including Walmart, Target, Costco, Whole Foods, Trader Joe’s and more. We reserve any rights not explicitly granted in these Terms. Typically the actively feeding coho have offered the best chance for the fly angler to present their fly to the fish. “It’s simply saying because we have a vocal opponent, let’s give consumers the chance to decide. “The GMO salmon is not 100 percent sterile, and containment is not 100 percent,” Perls said. AquaBounty is hoping to eventually grow the fish in North America. Northwest Smoked Salmon Gift Boxes. KING SALMON Wholesale Fresh . Alaska senator Lisa Murkowski and a number of other outspoken opponents began a vocal campaign against the commercialization of the salmon, based in large part on the decision of the US Food & Drug … “Because it doesn’t have to be flown in from Chile or Norway, it’s going to be really fresh,” she says. No one wants genetically engineered salmon. It has a facility in Indiana, but the U.S. Food and Drug Administration is currently blocking the importation of the salmon eggs from Canada, even though the FDA has approved AquaBounty salmon for sale in … This undated photo provided by AquaBounty reportedly shows two same-age salmon, a genetically modified salmon, rear, and a non-genetically modified salmon, foreground. Where does Blue Apron go after Amazon wraps up its Whole Foods deal? Some of the companies that have pledged not to sell GE salmon already sell foods made with genetically modified ingredients, like corn and soy derivatives. You are granted a personal, revocable, limited, non-exclusive, non-transferable license to access and use the Services and the Content conditioned on your continued acceptance of, and compliance with, the Terms. It was developed in … Fawn Sharp, President of the Quinault Indian Nation, said an escape off the coast of Washington could threaten the existence of the blueback salmon, a sockeye that’s long been a source of income and food for tribal nations. The lawsuit, and the consumer boycott, are part of an effort to “really nip this in the bud,” she said. Still, consumers can be a fickle bunch – and the topic of bioengineered food is a divisive one in many circles. Dana Perls, food and technology campaigner for Friends of the Earth, said Aramark’s pledge emerged from private conversations with the company. — AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, announced that it has commenced a proposed underwritten public offering of common stock of the Company. The announcement means that AquaBounty Technologies may import AquAdvantage Salmon eggs to its facility near Albany, Indiana, where the fish grow faster than traditional Atlantic salmon. Constructing sustainable methods for growing the fish has been important for the startup, which is in the process of selecting a single recirculating aquaculture system. You may use the Services for your noncommercial personal use and for no other purpose. Specialty Food & Beverage. Although the legal status of the AquAdvantage salmon is in limbo, AquaBounty, the Massachusetts-based biotech company that developed it, told The Counter it expects to harvest the fish from an Indiana facility in March, and bring it … Aramark joins 85 grocery chains, seafood companies, restaurants, and foodservice companies that have pledged not to sell the salmon since 2013, according to Friends of the Earth, a nonprofit environmental advocacy that led the pressure campaign against Aramark. “If there was ever a time we felt like we would get a more favorable reception, I would say it’s now.”. “We are recirculating 97% of the water. SeaBear's Ready To Eat Salmon Pouches. AquaBounty is now in the process of selecting its next farm site, which it says will be ten times as big as its Indiana farm. ... NOT AquaBounty salmon. “Claims that are made to the contrary, are misinformed and protectionist in nature.”. Subscribe to our 2x-weekly newsletter and never miss a story. “I’ve had thoughts: Am I going to be part of the last generation that’s ever going to see our prized Quinault blue-backed salmon return to the mighty Quinault, when they’ve been returning since time began?”. But Jane Kolodinsky, a University of Vermont economist who studies consumer perceptions of GMOs, said those retailers likely feel this product is different, for a few key reasons. All this opposition, despite the fact that the AquAdvantage salmon isn’t even ready for market. by Get your twice-weekly fix of features, commentary, and insight from the frontlines of American food. Earlier this month, a coalition of environmentalists and grassroots organizers announced they had successfully pressured Aramark, one of the country’s largest foodservice companies, into agreeing not to sell the salmon, should it become available in the United States. AquaBounty says it may take as long as a year to raise enough fish to supply supermarkets. FDA must reassess potential environmental impact of GM salmon, federal judge rules, GM salmon leaps another legal hurdle. But it’s not yet clear whether U.S. consumers will buy AquaBounty’s salmon, or even if stores will sell it. For example, AquaBounty will need to make sure its salmon will have a market -- some retail outlets have vowed not to sell it. What we found […] is that if you give consumers the facts around whether it is safe, whether it tastes good, and whether it is affordable, then the answer to whether they will eat it is yes.”, When pressed on the safety of producing and consuming AquAdvantage salmon, Wulf points to 25 years of testing on multiple generations of the variety to ensure that there are no unforeseen changes due to genetic modification. Massachusetts-based AquaBounty obtained approval for its genetically engineered (GE) salmon back in 2015. AquaBounty Technologies specializes in land-based aquaculture for genetically engineered salmon By Sarah Smith , InvestorPlace Web Content Producer Nov 30, 2020, 2:40 pm EST December 18, 2020 “The good news is that we don’t have a huge production coming out of the facility so we don’t have a ton to sell. “We did a lot of research last year, both qualitative and quantitative, to better understand consumer perception. This means that the FDA largely looks at the end result of the biotech process used, rather than focusing on the process itself, Wulf says. The fish faces adamant opposition in some quarters. Since 2015, Republican Senator Lisa Murkowski of Alaska has slowed down the “Frankenfish” through budget riders and labeling requirements, all of which have expired. Next up: Another legal hurdle. Among them is the issue of whether or not retailers will be on board, especially considering the widespread opposition to the product over the past few years. Smoked Salmon & Seafood Specialties. A Fish No One Wants to Buy. Smoked Wild Salmon Trio Gift Box. Massachusetts-based AquaBounty obtained approval for its genetically engineered (GE) salmon back in 2015. This process also involved cultivating relationships with supply chain partners who would not only purchase the conventional salmon but would be on board to purchase the GE salmon once it was approved and ready for harvest. Coho salmon are the primary target for this fishing though Chinook, pinks, and chum can all be taken on the fly while they are in saltwater. The strong feelings that some consumers have about genetic modification in plants are heightened in animals. The company closed on the deal at the end of June, said Dave Conley, director of communications with AquaBounty. FDA has approved a new animal drug application concerning AquAdvantage Salmon, a genetically engineered Atlantic salmon. But things came to a screeching halt soon after. The first hotly contested batch of GM salmon eggs hits the U.S. AquAdvantage, the first GMO salmon, is coming to America, Alaskan salmon fishers to Trump: Leave the Tongass National Forest alone, Washington salmon farm fined $330,000 for August’s eclipse escape, Video of gushing farmed salmon blood reignites concerns about aquaculture, Thousands of salmon on the run, escape possibly fueled by eclipse. The biotechnology company is a majority-owned subsidiary of Intrexon Corporation. “We bought the farm in 2017, refurbished it, and it was sitting there,” Wulf says. Even though it’s currently sold in Canada, it’s yet to hit the market in the United States. obtained approval for its genetically engineered (GE) salmon back in 2015. In April 2019, the FDA lifted its import ban, saying that the new National Bioengineered Food Disclosure Standard divested the agency of its authority to issue labeling guidance – though it said the new law would likely require AquaBounty to provide a label disclosure anyway. AquaBounty may try to first sell their salmon to restaurants and big food service companies where lack of transparency in sourcing is commonplace. AquaBounty's genetically engineered, fast-growing salmon could be sold at US restaurants and grocery stores as soon as this April. Make sure your deals are counted in AgFunder’s global agrifoodtech investment report! AquaBounty has said the November court ruling does not impact its plans to bring the fish to market this year. A 2016 psychological study of 860 people showed that consumers were more “disgusted” by genetically modified tuna than a tomato. Phrases like ‘Frankenfish’ appeared in headlines discussing whether AquaBounty should be required to provide such a disclosure. Transgenic-salmon farmer AquaBounty has this week begun harvesting a small number of fish for use as samples for potential customers in the retail sector. [Subscribe to our 2x-weekly newsletter and never miss a story.]. Under the US’s Coordinated Framework for the Regulation of Biotechnology, the GE salmon must be the same or substantially similar to its conventional counterpart in order to obtain regulatory approval. AquaBounty entered into a $14m agreement to buy some assets from the Bell Fish Company, which included the farming facility in Indiana. Treat the Troops. The conventional harvest may not seem significant in light of the company’s focus on GE salmon, but for the last four years, the startup has had a lot of time on its hands to focus on other aspects of the business. The fish is 100% clean, 100% safe, and tastes exactly like wild and cage farmed Salmon with ZERO parasites. Buy now. AquaBounty salmon sold in Canada, but company hasn’t said where. Sam Bloch.
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