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$20m Northland kingfish farm could produce 600 tonnes of the delicacy a year

$20m Northland kingfish farm plans in place

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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kingfish-farm

[07 March, Susan Botting, The Country]

Regional Economic Development Minister Shane Jones has reported that Northland’s major new $20 million pilot kingfish farming venture will bring the region a large amount of aquaculture potential, and if successful can act as a model to create others across the country. The $19.8 million on-land aquaculture venture at Bream Bay has been granted $6 million from the Provincial Growth fund, with other contributors being NIWA and the Northland Regional Council. The operation should be mostly self-contained, but dependent on Bream Bay seawater, with the bulk of the seawater being recycled rather than becoming treated wastewater. There are already four large pipes running across the site into the sea due to previous electricity industry use in the 1960’s.

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