The algae sector in Chile holds considerable economic significance, with vast potential for growth and development despite facing challenges such as production risks and barriers. In this context, a recent study titled “Risk perception and production risk in seaweed aquaculture,” conducted by researchers from Universidad del Biobío, Universidad de Concepción, Florida University, and the Interdisciplinary Center for Aquaculture Research (INCAR), delves into the exploration of algae cultivation potential amidst the prevalent risks associated with its low production rates.
The study revealed that farmers are more prone to increase their algae cultivation activities when they have better access to financial resources. This underscores the importance of establishing support mechanisms that can help overcome a significant barrier to entry in the sector. Moreover, the research suggests that algae production is limited by crop fluctuations, a challenge that can be addressed through larger farm sizes and greater investments in equipment and technology.
Based on these findings, the researchers offer a moderately optimistic perspective on the expansion of algae aquaculture in the country, indicating that there are ample opportunities for this growth, especially since many leased areas are not being fully utilized.
Check out the paper “Risk perception and production risk in seaweed aquaculture” here.
