Just days after Dame Moya Greene revealed the true extent of our financial situation and recommended that the government stop subsidizing the aquaculture industry, the province donates a fish farm on the northeast coast of nearly a quarter of a million dollars.
Greene estimates that the government gave the industry around $ 22 million over the four-year period from 2014 to 2018.
Province donates money to Merasheen oyster farms, the only oyster farmer in the province.
The non-repayable contribution of $ 248,608 from the provincial government will provide specialized equipment, such as the floating lift system, and cages dedicated to growing oysters.
The Notre Dame Bay operation says the money will translate into a better product. Juan Roberts of Merasheen Oyster Farms says, “Oysters are a higher value shellfish and we believe that when things improve with restaurants and the economy and a possible relaxation of restrictions, we expect that oyster sales are improving and increasing. We would like to thank the Government of Newfoundland and Labrador for its continued support to help us develop the oyster industry, which will create jobs in rural Newfoundland and Labrador. We believe that our cold, clean water will give our oysters an enhanced flavor that will set us apart from the rest of the world! “
Provincial government helps advance shellfish aquaculture in Notre-Dame Bay
One year after the official launch of the first commercially grown oyster in Newfoundland and Labrador, Merasheen Oyster Farms Inc. is poised to grow and expand its business.
The company, which had been producing oysters in Placentia Bay for a few years, is adding production to Notre Dame Bay. Owner Juan Roberts, the province’s only oyster farmer, says the move should result in a better product. The shallower, warmer waters of Notre Dame Bay will likely accelerate the usual five-year growth process, allowing a better oyster product to reach markets faster.
The non-repayable contribution of $ 248,608 from the provincial government will help oyster research in Notre-Dame Bay using specialized equipment, such as the floating lift system, and oyster growth cages dedicated. This support will help the company to continue its growth and development in a very competitive market.
It is important for the Government of Newfoundland and Labrador to provide companies like Merasheen Oyster Farms with the tools they need to compete and succeed in global markets. Increased export activity helps create jobs and economic benefits for all Newfoundlanders and Labradorians.