logo
In the Arizona desert, a farm raising fish raises questions about water use

In the Arizona desert, a farm raising fish raises questions about water use

Yahoo13-06-2025

DATELAND, Ariz. (AP) — Storks scatter, white against blue water, as Dan Mohring's pickup truck rumbles down the dirt road. He's towing a trailer full of ground-up beef, chicken, fish and nutrient bits behind him, ready to be shot out of a cannon into the ponds below.
It's time to feed the fish.
Mohring fires up the machine and the food flies out in a rainbow arc. Then the water comes alive. Hundreds of thrashing, gobbling barramundi wiggle their way to the surface, all fighting for a piece. Until, in a few months, they will become food themselves.
In the desert of landlocked Arizona, where the Colorado River crisis has put water use under a microscope, Mainstream Aquaculture has a fish farm where it's growing the tropical species barramundi, also known as Asian sea bass, for American restaurants.
Mainstream sees it as a sustainable alternative to ocean-caught seafood. They say chefs and conscious consumers like that the food has a shorter distance to travel, eliminating some of the pollution that comes from massive ships that move products around the world. And they and some aquaculture experts argue it's efficient to use the water twice, since the nutrient-rich leftovers can irrigate crops like Bermuda grass sold for livestock feed.
'We're in the business of water,' said Matt Mangan, head of Australia-based Mainstream's American business. 'We want to be here in 20 years', 30 years' time.'
But some experts question whether growing fish on a large scale in an arid region can work without high environmental costs.
That question comes down to what people collectively decide is a good use of water. In Arizona, some places manage water more aggressively than others. But the whole state is dealing with the impacts of climate change, which is making the region drier and water only more precious.
The farm uses groundwater, not Colorado River water. It's a nonrenewable resource, and like mining, different people and industries have different philosophies about whether it should be extracted.
'As long as groundwater is treated as an open resource in these rural parts of Arizona, they're susceptible to new industries coming in and using the groundwater for that industry,' said Sarah Porter, director of the Kyl Center for Water Policy at Arizona State University's Morrison Institute.
Some scientists believe aquaculture can play a role in protecting wild ocean ecosystems from overfishing. And it might play at least a small role in smoothing any supply problems that result from the Trump administration's tariffs on imports from dozens of countries, including those that send the U.S. about 80% of its seafood, per the United States Department of Agriculture.
A two-for-one deal?
In the greenhouses at University of Arizona professor Kevin Fitzsimmons' lab in Tucson, tilapia circle idly in tanks that filter down into tubs full of mussels and floating patches of collard greens and lettuce. Fitzsimmons mentored the student who started the tilapia farm eventually bought by Mainstream about three years ago where they now raise barramundi.
'I don't think desert agriculture is going away," he said. 'Obviously, we want to do it as water-efficient as possible."
But not everyone agrees it's possible.
'Artificial ponds in the desert are stupid,' said Jay Famiglietti, a professor at ASU and director of science for the Arizona Water Innovation Initiative. He worried about heavy water losses to evaporation.
Mangan says that evaporation hasn't been an issue so much as the loss of heat in the wintertime. That has required pumping more water since its warmth when it arrives at the surface helps keep the barramundi cozy. But Mangan says they've been improving pond design to retain heat better and have found, after the last year of research and development, that they can cut their water requirement by about half as a result.
Plus, he argues, the water coming out of the fish ponds is "essentially liquid fertilizer," and though it's slightly salty, they use it for crops that can tolerate it, like Bermuda grass dairy cows can eat.
But that's supporting the cattle industry, which contributes more than its share of planet-warming greenhouse gas emissions, Famiglietti said.
'Doing two suboptimal things doesn't make it better,' he said.
Defining a 'reasonable' use of groundwater, a finite resource
Purple flowers sprout alongside paddle wheels. Fish bones crunch underfoot. The faint odor of brackish water and ammonia catches in the breeze.
Without groundwater, none of it would be possible.
Some farmers in Arizona rely on water from the Colorado River, but many others use well water to irrigate crops like alfalfa for the dairy industry or the lettuce, cucumbers and melons shipped nationwide year-round.
Arizona has seven areas around the state where groundwater is rigorously managed. Dateland doesn't fall into one of those, so the only rule that really governs it is a law saying if you land own there, you can pump a 'reasonable' amount of groundwater, said Rhett Larson, who teaches water law at ASU.
What might be considered 'reasonable' depends from crop to crop, and there's really no precedent for aquaculture, an industry that hasn't yet spread commercially statewide.
Using numbers provided by Mainstream, Porter calculated that the fish farm would demand a 'very large amount' of water, on par with a big ranch or potentially even more than some suburbs of Phoenix. And she noted that although the water use is being maximized by using it twice, it's still depleting the aquifer.
When the company scoped out Arizona to expand, Mangan said they didn't see nearly the same kinds of regulations as back in Australia.
As part of its growth strategy, Mainstream is also hoping to work with other farmers in the area so more can use nutrient-rich fish pond wastewater to produce hay. They say a few have expressed interest.
An alternative to wild-caught fish
The seafood industry needs to reduce its reliance on catching small wild fish to feed bigger farmed ones that humans eat, said Pallab Sarker, an assistant professor at the University of California, Santa Cruz, who studies sustainability in the aquaculture industry. He said seabirds and mammals rely on small species like anchovies and mackerel commonly used in fish meal.
'We should not rely on ocean fish to grow fish for aquaculture to meet the demand for humans,' Sarker said.
Mainstream gets its fish feed from two suppliers, Skretting and Star Milling, but Mangan and Mohring said they didn't know for certain where those suppliers got their base ingredients from.
Fitzsimmons, of the University of Arizona, also pointed out that between pollution, overfishing and oceanfront development for recreation, the commercial fishing industry had already been facing problems. He doesn't think that Trump's moves this spring to open up marine protected areas for commercial fishing will improve that situation the way aquaculture could.
'We can't keep hunting and gathering from the ocean,' Fitzsimmons said.
___
Follow Melina Walling on X @MelinaWalling and Bluesky @melinawalling.bsky.social. Follow Joshua A. Bickel on Instagram, Bluesky and X @joshuabickel. Follow Annika Hammerschlag on Instagram @ahammergram.
___
The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

News Corp to extend CEO's contract through June 2030, company says
News Corp to extend CEO's contract through June 2030, company says

Yahoo

timean hour ago

  • Yahoo

News Corp to extend CEO's contract through June 2030, company says

(Reuters) -News Corp said it is extending the contract of Chief Executive Robert Thomson, which will see him continue as CEO through June 2030, the company said in a statement on Sunday. Thomson was appointed as CEO of News Corp, which owns the Wall Street Journal and book publisher HarperCollins, in 2013, and his contract was extended in 2023 until 2027. Thomson has been at the helm of the company through several major deals, such as the sale of its Australian cable-TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2.19 billion) in 2024. "Robert has been instrumental in News Corp's growth and transformation, and his vision and leadership are extremely important as the company continues to navigate this era of rapid change," Chair Lachlan Murdoch said in a statement. ($1 = 1.5547 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Upcoming Stock Splits This Week (June 23 to June 27)
Upcoming Stock Splits This Week (June 23 to June 27)

Business Insider

timean hour ago

  • Business Insider

Upcoming Stock Splits This Week (June 23 to June 27)

These are the upcoming stock splits for the week of June 23 to June 27, based on TipRanks' Stock Splits Calendar. A stock split takes place when a company increases its number of outstanding shares by issuing more to existing shareholders, effectively reducing the price per share without altering the firm's overall market capitalization. While the underlying value remains the same, the lower share price makes the stock more accessible to everyday investors and may help boost market interest. Confident Investing Starts Here: Meanwhile, a reverse stock split does the opposite, shrinking the share count by consolidating existing shares into fewer units. This pushes the stock price higher while keeping the total valuation the same. It's a common move for companies trying to meet exchange listing requirements, especially if their share price is flirting with minimum thresholds like those set by the Nasdaq. Whether it's about attracting more investors or holding onto a listing, these corporate actions can offer valuable clues about a company's strategy and where it sees itself heading next. Let's take a look at the upcoming stock splits for the week. Pegasystems (PEGA) – Pegasystems is a leading provider of enterprise AI-powered decisioning and workflow automation software. On June 17, the company announced a 2-for-1 forward stock split, aimed at improving share accessibility for retail investors. PEGA stock is expected to begin trading on a split-adjusted basis on June 23. TruGolf Holdings (TRUG) – Specializing in high-end golf simulator technology, TruGolf aims to bring the driving range indoors. On June 18, the company announced a 1-for-50 reverse stock split to help maintain compliance with Nasdaq's listing requirements. The split is set to take effect on June 23. Maase (MAAS) – China-based Maase, a digital platform company, is switching from trading American Depositary Shares (ADSs) to listing its regular shares directly on the Nasdaq. To prepare for this transition, the company announced a 1-for-90 reverse stock split on June 18, meaning every 90 ADSs will be converted into one regular share. The split takes effect when the market opens on June 23, 2025. Super League Enterprise (SLE) – Super League builds immersive experiences across gaming and metaverse platforms. On June 18, the company announced a 1-for-40 reverse stock split, designed to boost the share price and extend its Nasdaq listing runway. The stock will begin trading on a split-adjusted basis on June 23. KULR Technology Group (KULR) – Focused on thermal management and battery safety for aerospace and EV markets, KULR announced a 1-for-8 reverse stock split on June 13 to regain compliance with Nasdaq's minimum bid price rule. The stock will begin trading on a split-adjusted basis on June 23. Stem, Inc. (STEM) – Leveraging AI to boost grid-scale energy efficiency, Stem announced a 1-for-20 reverse stock split on June 11 to comply with the NYSE's minimum bid price requirement. The stock will begin trading on a split-adjusted basis on June 23. Cellectar Biosciences (CLRB) – Cellectar is a clinical-stage biotech developing phospholipid drug conjugates for targeted cancer treatment. On June 18, the company announced a 1-for-30 reverse stock split, following shareholder approval the prior week. The move is aimed at regaining compliance with Nasdaq's minimum bid price requirement. The split is slated to go into effect on June 24. Jiade Limited (JDZG) – China-based Jiade Limited, which focuses on adult education and logistics services, announced on June 20 that it would implement a 1-for-8 reverse stock split, effective June 24, consolidating its shares and updating its CUSIP to regain compliance with Nasdaq's minimum bid price requirement.

Super-rich Americans like Mark Zuckerberg and Jay-Z have taken out mortgages for homes — here's why
Super-rich Americans like Mark Zuckerberg and Jay-Z have taken out mortgages for homes — here's why

Yahoo

time2 hours ago

  • Yahoo

Super-rich Americans like Mark Zuckerberg and Jay-Z have taken out mortgages for homes — here's why

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. For many people, the only way to afford a home is to finance it with a mortgage and pay off that loan over time. During the first quarter of 2025, the median U.S. home sale price was $503,800, according to Federal Reserve Economic Data. Given that median annual wages were just $61,984 during the last quarter of 2024, it's easy to see why the typical working American can barely afford a down payment on a home today, let alone the entire cost in one fell swoop. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) But uber-wealthy folks are in a different position. Those with billions of dollars to their name can buy a home outright rather than take out a loan. Yet celebrities like Mark Zuckerberg, Elon Musk and Jay-Z have all made headlines for taking out multimillion-dollar mortgages — not out of necessity but to reap a couple of key benefits. Someone with billions to their name might not worry about cash flow, but taking out a mortgage can be a strategic move to maintain liquidity and keep cash available for other investments, rather than tying it up in a relatively illiquid asset like real estate. Take Hollywood power couple Jay-Z and Beyoncé, for example. Despite their estimated combined net worth of $1.6 billion in 2017, they secured a $52.8 million mortgage to purchase an $88 million hillside estate in Los Angeles, according to the L.A. Times. There could be major benefits for Beyoncé and Jay-Z, depending on how their portfolio is allocated,' Robert Cohan, managing director at Carlyle Financial, told Business Insider. 'A mortgage gives them financial flexibility, and they have the ability to pay it off whenever they choose. You can still land an affordable mortgage rate even if you don't fall in the category of America's elite 1%. The key is to not accept the first offer on the table — and to shop around and get quotes from at least two-three lenders. According to a study conducted by LendingTree, 45% of homebuyers who received more than one quote got a lower rate than their initial one . If you purchased a house in the last couple of years at a fixed rate, chances are you might be able to refinance it at a lower rate right now. Mark Zuckerberg, the world's second richest man (according to the Forbes Real Time Billionaires list) did the same. Back in 2012, when Zuckerberg was #40 on the list with an estimated $15.6 billion net worth, he refinanced his home in Palo Alto, California, with a 30-year adjustable rate mortgage at 1.05%. While rates probably won't go down to that level any time soon, the Federal Reserve's rate cuts over the past few months have already had a noticeable impact. Median mortgage rates are currently hovering around 6.95% — down from 8% in October last year. With the Fed slated to lower the benchmark rates further in the upcoming months, it might be a good idea to start looking at your options. Ideally, you can land a lower rate by shopping around. According to a study from LendingTree, 56% of homebuyers shopped around when they refinanced their mortgage. What's more, 81% of those who chose to refinance, came away with a lower rate than what they started with. Read more: Rich, young Americans are ditching the stormy stock market — Even for accredited investors, purchasing additional properties for rental or investment income can be a hassle. Beyond ongoing maintenance and property taxes, there's also the added burden of managing tenants and the responsibilities that come with being a landlord. This is where First National Realty Partners (FNRP) comes in. Accredited investors can own a stake in grocery-anchored institutional-grade commercial real estate without having to do any of the legwork. FNRP's team of experts manages the entire life cycle of the investment — from due diligence of properties to acquisition and tenant management. The firm typically leases its properties to national brands selling essential goods, like Walmart, Whole Foods, CVS, and Kroger. FNRP also pays out any positive cash flows as dividends quarterly, helping you generate passive income without worrying about property and tenant management. Another option for investing in real estate is the U.S. home equity market, a vast $36 trillion industry that has long been reserved for large institutional players. Homeshares is transforming this space by giving accredited investors direct access to hundreds of owner-occupied homes in major U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning, or managing property. The fund focuses on homes with substantial equity, utilizing Home Equity Agreements (HEAs) to help homeowners access liquidity without incurring debt or additional interest payments. This approach provides an effective, hands-off way to invest in high-quality residential properties, plus the added benefit of diversification across various regional markets – with a minimum investment of $25,000. With risk-adjusted target returns ranging from 14% to 17%, the U.S. Home Equity Fund could unlock lucrative real estate opportunities, offering accredited investors a low-maintenance alternative to traditional property ownership. Homeshares also gives accredited investors access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted internal returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store