Aquaculture park in the works in Guangzhou
A Chinese tilapia and snakehead producer has been granted an exclusive 30-year contract to manage an aquaculture park in Qingqi, in Guangdong province.
Rongfu Aquaculture made the announcement on Monday. The local government will spend CNY 150 million (USD 22 million, EUR 17 million) to build the park, including fish ponds, upgraded water conservation, roads and utilities, according to the company.
The land will be leased to farmers, and Rongfu will provide them with with fish fry, feed, medicine and training. Additionally, Rongfu will be able to purchase and distribute the fish and is entitled to receive special subsidies and other preferential treatment from the local government, said the company.
"We are very excited to implement the first step in our 'company-and-farmers co-op model,'" said Rongfu Chairman Chen Zhisheng. "The government in Guangdong has large tracks of land and wants to encourage fish farming. The co-op model allows the farmers to grow and harvest the fish, while we provide the fry, feed, technology and training."
"Our goal is to build the aquatic park into a model aquaculture base," he added. "We have been working very closely with the government as well as with local farmers and believe this model will be profitable and easy to expand. We also plan to launch a 'Fish Fry Mall' within the park to create a platform for matching fish fry providers with fish farmers."