Making mountains out of minnows: salmon in the Tasmanian economy
The Australia Institute reports that the economic benefit of the salmon industry to Tasmania is weighted strongly against its environmental and social impacts. Yet it accounts for just 1% of jobs in the state.
Over 5 years $3.8 billion worth of fish were sold, but just $64 million tax paid, while $9.3 million in subsidies were received in 2 years. Changing generous leasing arrangements to the Norwegian model could raise $2 billion for community development.