"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."
- Peter Drucker, Management Expert & Economist
The world's largest fly farm is about to open in South Africa
The world's largest fly farm is about to open in South Africa as part of an initiative to produce sustainable feed for chicken and fish.
Industrial farmed chicken and fish eat fish meal, which is bad for the environment because it depletes already fragile fish resources. To create 1 kilogram of high-protein fish meal, for example, it takes 4.5 kilogrammes of smaller pelagic fish such as anchovies and sardines.
The cost of fish meal is also rising with increased demand for fish. Fish meal sold for less than US$500 (UK£325 ) a tonne in the early 2000s, but last year it peaked at US$2400 a tonne, according to Bloomberg.
But AgriProtein, a South African farming company, has a solution. AgriProtein produces MagMeal - animal feed that is made from fly larvae that feeds on waste. The benefit of MagMeal is two-fold: It offers a sustainable, natural source of protein for farmed animals (there's no shortage of flies), and at the same time, helps to eliminate garbage.
See a video on the production and the persepctive - go to video-list.
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