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The $100 Million U.S. Government Fish Farm Nobody Wants

Ever wonder why we aren’t raising tons of them in the ocean?
Photographer: Boris Horvat/AFP via Getty Images
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If someone offered you a chance to invest millions of dollars in a business nobody wants, would you take it?

If you’re the U.S. government, the answer is a resounding yes. Since 2007, the National Oceanic and Atmospheric Administration—despite major political, social, and environmental headwinds—has poured almost $100 million (PDF) into aquaculture, also known by the more pedestrian moniker of fish farming.