The Fish 2.0 business competition held a
workshop for entrepreneurs from the Federated States of Micronesia (FSM), the
Marshall Islands, Palau, Guam and Saipan. The workshop was held in Pohnpei with
the support of the Micronesia Conservation Trust, IdEA and the David and Lucile
Packard Foundation, Monica Jain of National Geographic reports.
Before we went, some colleagues wondered
whether there would be enough businesses from this region to warrant having a
workshop at all. The 25 entrepreneurs who attended quickly alleviated these
concerns.
Participating businesses ranged from
lobster and rabbit fish aquaculture, to rental equipment for local fishermen,
to small-scale distributors who bring locally caught seafood to markets and
restaurants in the region.
The challenges these business leaders face
demonstrate how large-scale, foreign fishing offshore, coupled with declining
nearshore reef fisheries, creates both the need and opportunity for
sustainability-oriented business innovation.
More than 50% of the tuna the world eats
comes from the many small islands in the Western Pacific. These fisheries earn
hundreds of millions in U.S. dollars each year, but very little of that money
returns to local communities: the fishing boats that operate here are usually
from other places – China, Japan, and the mainland US, to name a few – and
almost all of the tuna they catch is exported without any local processing or
value-added operations.
At the same time, nearshore reef fisheries
are in decline, creating the ironic situation in which island communities
surrounded by some of the most diverse and important fisheries in the world,
have a hard time actually finding fish to eat. The pattern is one we see not
just in the Pacific, but globally.
It looks like this: as nearshore fisheries
decline and supply tightens, one expects prices to rise, but they do not. For
example, the price of reef fish in the Micronesian market has remained at
$1/pound for the past 20 years in spite of increases in fuel and other costs of
fishing.
Local fishermen, struggling to feed their
families, catch more and smaller fish to make ends meet, exacerbating the
sustainability issues.
At our workshop, we met local entrepreneurs
who are trying to break this cycle by designing businesses that help both local
fisheries and community economies rebound. These businesses are improving
storage, so fish can be kept and sold when demanded, developing value-added
products like salted or smoked fish to attract new consumers, reducing waste
and improving profits through better handling, employing solar power to improve
margins, and creating local aquaculture projects to keep the volumes of fish in
the market consistent.
Some examples from our event include:
- Paul Ayim of Quality Catch. Quality Catch offers high quality pole and line caught tuna to both local and international markets. The company also offers storage, processing and other services for local fishermen so that they can package and sell their products to regional and international markets.
- Ronney and Andriet Tilfas of Hapmak Local Market. Hapmak serves local shoppers and businesses, offering lobster, reef fish, tuna, and mud crab. The business is known for high-quality, freshness, and reliability – and the Tilfas’ work with their fishing suppliers to ensure that their seafood is caught sustainably under existing rules and regulations.
- Bernice Ngirkelau and Latii Palacios of Palau Aquatics. Palau Aquatics is a sister-company with the nonprofit, the Palau Women’s Cooperative. Together, they train women in Palau to farm mangrove crabs and provide them with the gear to start their own small farms. The company then picks up harvested crabs from the women and packs and ships them to local and regional restaurants. They have a track record of success, bringing needed income to poor communities and empowering women.
These are just a few examples of businesses
and entrepreneurs that are growing in the Pacific and seeking investment to
expand operations. By expanding, each of these ventures would provide jobs and
additional income to community members, become drivers of sustainability in
their communities, and help meet demands of overseas consumers for traceable,
sustainably captured and farmed seafood.
It is this kind of change, driven by
business leaders that value environmental sustainability and social well-being,
that has the potential to bring back nearshore fisheries and local fishing
economies — not just in the Pacific but around the world.
We encourage more Pacific Island businesses
as well as investors and experts interested in learning more about the region
to join Fish 2.0. Please go to www.fish20.org before April to learn more and
register!
Read the article HERE.
The Aquaculturists
This blog is maintained by The Aquaculturists staff and is supported by the
magazine International Aquafeed which is published by Perendale Publishers Ltd
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