Unlike salmon farming, which is thriving, cod aquaculture has never really taken off in Newfoundland and Labrador.
Jonathan Moir is co-owner of the Newfoundland Cod Broodstock Company in Bay Bulls — one of the last cod farms left in the province.
“It’s been a very, very challenging process,” Moir told CBC News.
“There have always been some doubts, and the doubts have become much more pronounced in the last two or three years.”
With the effect of the cod moratorium sinking in, much hope — and money — was put into the cod farming industry.