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October 12, 2008 3:47:04 PM CDT

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Corn Prices Leave Catfish Farmers Gasping

Posted Jul 18, 08 2:14 AM CDT in US,  Business 

(Newser) – The soaring price of corn and soybeans is moving up the food chain and drying up the South's catfish farming industry, reports the New York Times. Farmers are draining their ponds as the cost of feeding the fish becomes prohibitive. In the Mississippi Delta, heartland of the relatively new industry, thousands of much-needed jobs are disappearing.

Cheap imports and shifts in consumer demand have added to the woes of catfish farmers. For many, the jump in corn prices after Midwest flooding was the last straw. “What’s happening to this industry is sad, but being sentimental won’t pay the light bill," said the head of one of the biggest catfish operations. Its ponds will be drained this year—and the land planted with corn and soybeans.

Source New York Times

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As many as 10 million catfish eggs, fry and small fingerlings inhabit the Quiver River Aquaculture Inc., hatchery in Moorhead, Miss., June 3, 2008.   (AP Photo/Rogelio V. Solis)
A basket full of catfish fingerlings are pulled from their pond near Moorhead, Miss., June 3, 2008, for transport to another farm where they will be raised to fillet size.   (AP Photo/Rogelio V. Solis)
A Quiver River Aquaculture Inc., employee drives around one of its catfish ponds, firing out high protein feed to fingerlings near Moorhead, Miss., June 3, 2008.   (AP Photo/Rogelio V. Solis)
An area that used to be a thriving catfish pond is seen near Moorhead, Miss., June 3, 2008.   (AP Photo/Rogelio V. Solis)
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farming  • Mississippi  • fish  • commodities  • corn  • farm  • soybeans  • aquaculture


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