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As with other countries, the 200 nautical miles (370 km) exclusive economic zone (EEZ) off the coast of the United States gives its fishing industry special fishing rights. [6] It covers 11.4 million square kilometres (4.38 million sq mi), which is the second largest zone in the world, exceeding the land area of the United States. [5]
According to a 2019 FAO report, global production of fish, crustaceans, molluscs and other aquatic animals has continued to grow and reached 172.6 million tonnes in 2017, with an increase of 4.1 percent compared with 2016. [23] There is a growing gap between the supply of fish and demand, due in part to world population growth. [24]
The agricultural policy of the United States is composed primarily of the periodically renewed federal U.S. farm bills. The Farm Bills have a rich history which initially sought to provide income and price support to US farmers and prevent them from adverse global as well as local supply and demand shocks.
Through comprehensive reform, the fisheries sector could become a basis for economic growth and the creation of alternative livelihoods in many countries. At the same time, a nation's natural capital in the form of fish stocks could be greatly increased and the negative impacts of the fisheries on the marine environment reduced." [43]
Taxes on production and imports does not include corporate income tax payments to the states and to the federal government. Taxes on production and imports were previously classified as "indirect business taxes" and included excise taxes, sales taxes, property taxes, and other taxes relating to business production.
The Blue Revolution has improved accessibility and availability of farmed fish in some regions, therefore potentially improving food and nutrient security, especially in low-income nations and rural populations. [1] [2] [7] Increased aquaculture production has enabled a reliable fish supply that is more stable than wild fish catches. [7]
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
The aquaculture of salmonids is the farming and harvesting of salmonid fish under controlled conditions for both commercial and recreational purposes. Salmonids (particularly salmon and rainbow trout), along with carp and tilapia, are the three most important fish groups in aquaculture. [2]