"There are no financial incentives to move salmon production on land", claims Bakkafrost CEO - Local.fo
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“There are no financial incentives to move salmon production on land”, claims Bakkafrost CEO

Bakkafrost CEO Regin Jacobsen has launched a broadside against the trend on land-based salmon production, reports Salmonbusiness.com.

In a rebuke of the model, Jacobsen said there are no financial incentives to move salmon production on land for his Faroese company, one of the sector’s leaders.

Bakkafrost should instead focus more on large-scale land-based smelt production to reduce threats from longterm sea production, stated Jacobsen.

“This is where we see a competitive advantage because we can establish synergies between land and sea-based production to help boost earnings while reducing risk,” he said.