Fish and Brewis

What is government policy here? Are we insured - consider taxpayer dollars are invested in this.

This fishbyte by Seafood Intelligence

A new 107-page publication by the UN Food and Agriculture Organisation (FAO) intends to increase awareness of aquaculture producers worldwide and inform decision-makers at national government and international agencies levels about the role of aquaculture insurance in the sustainable development of the sector and provide stakeholders with insights into what is all-too-frequently considered a complicated type of activity. Risk management is increasingly gaining attention within the aquaculture sector, which is reflected in the development and increasing implementation of Better Management Practices (BMPs), Codes of Conduct and Codes of Good Practice, Standard Operational Procedures, certification and traceability. "Aquaculture insurance is one of the tools used in aquaculture risk management, but there is considerable ignorance within the aquaculture industry about this". The premium value paid by producers worldwide is estimated to be around US$50 million in 2002 (from $100,000 in 1974).