Risky business and something we can do about it

Stephen Hall -

If we are to meet the world’s demand and need for fish, aquaculture production must rise. But for this to happen at scale, greater private sector investment will be needed, especially to support the growth of small and medium scale enterprises in developing countries. This will increase fish supply, help stimulate rural development, and increase economic opportunity for the poor.

Key to successful investing in any business is a clear understanding of the risks involved. In this article, Malcolm Beveridge, Mike Philips, and Wayne Rogers consider the risks faced by entrepreneurs in the aquaculture sector in developing countries and describe the approaches we are taking to help address them.

Central to this approach is working with partners and stakeholders throughout the market system to systematically identify risks and co-develop and implement interventions to mitigate them.

I’m convinced that such risk-based approaches are key for attracting the levels of investment needed to secure sustainable growth in this increasingly important food sector.


Aquaculture and Risk: a development perspective

Article by: Malcolm Beveridge, Michael Phillips and Wayne Rogers, WorldFish

Published by FarmD

Author
Stephen Hall

Stephen Hall

Stephen Hall's previous leadership roles include CEO of the Australian Institute of Marine Science (AIMS) and Professor of Marine Biology at Flinders University, Australia. Stephen has served on several international advisory panels and, in 2010, was a member of a global team overseeing the reform of the Consultative Group for International Agricultural Research (CGIAR). Recognized as a leading scientist in his field, he has contributed more than 80 scientific publications on fisheries ecology and environmental issues as well as a highly cited book on the environmental effects of fishing. In 2004, Stephen was awarded a Pew Fellowship in Marine Conservation and he continues to investigate and write on the roles and potential of fisheries and aquaculture for supporting international development objectives. In 2005, he was awarded the Australian Public Service Medal for leadership of AIMS. Stephen holds a Ph.D. in Marine Ecology from St. Andrews University and a B.S. in Marine Biology and Biochemistry from University of Wales, Bangor.

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