SANTIAGO, Chile -- Salmones Camanchaca made a decision several years ago to rent out their Chilean salmon farming concessions during a prolonged downturn, instead of leaving them fallow
It’s a decision that will pay off huge dividends, thanks to a unexpected clause in Chile’s new regulatory framework for the Chilean industry. The new rules all but prohibit new growth for Chile’s largest salmon producers. But in the case of Camanchaca, the only company in Chile to lease out farming sites, the company is able to claim them back and stock them under the maximum permitted under the new rules, CEO Ricardo Garcia Holtz told Undercurrent News [...]
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