The Cadman Capital Group Spotlight: Caribbean Sustainable Fisheries!

Date: March 15, 2017 Author: Categories: Series: The Cadman Capital Group Spotlight
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Ever since I was a little boy on my grandfather’s fishing boat, I’ve had an affinity with the water. This interest in the oceans around me growing up in the UK was one of the driving forces behind one of our many businesses under The Cadman Capital Group Umbrella: Caribbean Sustainable Fisheries.

What is CSF?

You may have came across this acronym on the blog before. Caribbean Sustainable Fisheries (CSF) is a sustainable lobster farm that’s located in the British Virgin Islands, but it’s a model that can be replicated almost anywhere in the world.

We have adopted an algorithmic approach to raising the panulirus argus, the Caribbean Spiny Lobster. The proprietary process involves us catching baby lobsters in the benthic phase, in the wild, that usually wouldn’t survive and then raising them on land.

How is it different?

Traditional farms take already-grown lobsters from the ocean to aquaculture farm. This practice wreaks havoc on the natural population because that lobster has already overcome a 1 in 100 chance at living!

The fact is, less than 100 lobsters survive their first year in the wild and only 1 in 1,000 benthic phase lobsters (baby lobsters but old enough to have a hard shell) make it to adult life. Between 85-98% of lobster larvae die within their first week of life. Based on these figures, conservatively collecting the larvae to be raised on the farm will have almost zero effect on the natural population.

What about the fishmeal issue?

Fishmeal is an essential component in aquaculture. It’s manufactured from wild-caught, small marine fish with a high percentage of oil and bones. Fishmeal is a raw material, so the commodity is regulated, but  the Trade Group of Marine Ingredient Manufacturers (IFFO) estimate that only 42% of the total world production of fishmeal meet these standards.

At CSF, we believe in protecting aquaculture and raising premium lobsters. This is why we've created our own fishmeal that strictly follows the Global Aquaculture Alliance Compound Feed Manufacturing (CFM) Standards.The CFM includes specific criteria to address important food safety and social issues and is of worldwide applicability. Also, it only sources ingredients from feed mills that are Best Aquaculture Practices (BAP) certified. 

Is it profitable?

Yes! As the price of lobster meat continues to surge worldwide, more and more sustainable aquaculture practices will be adopted. To learn more about how you can get involved or start your own franchise, visit our website here.

 

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