How do Prawn Farmers Fund R&D?
The Australian prawn farming industry recognises the importance of investing in R&D as a vehicle for a sustainable and profitable future.
In 2001 the Australian prawn farming industry became the first Australian seafood sector to implement a compulsory federal levy based on production, to fund research and development.
The levy helps to raise up to $500,000 annually for investment in prawn aquaculture R&D. In collaboration with Fisheries Research & Development Corporation, industry will direct funding to a number of core areas as outlined in the APFA Research & Development Plan 2000-2005.
APFA Research and Development Plan
A major challenge for industry has been a shortage of data relating to all aspects of prawn farming and also inter-relationships with the environment.
The APFA R&D Plan is administered by the APFA Research & Development Committee. The R&D Committee is elected each year at the Annual General Meeting of the Association and election is based on expertise.
Research and Development priorities are determined annually by members in a series of workshops and surveys. This ensures that R&D is relevant, dynamic and strategic.
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