Economics Of Geoduck Aquaculture

Washington is the largest producer and exporter of geoducks, and although the economics are far from transparent, there is a fascinating story to be told. Developing technology, policies affecting harvesting, turning a low-end product to a luxury food item and a growing Chinese economy all play a part in this tale.

The early years

The industry did not start until after 1967, when abundant subtidal wild beds were discovered, particularly in Washington and British Columbia. In Washington, quotas were established along with agreements with the tribes (though illegal harvesting was common and continues to be a concern).

In Canada, the harvesting was initially derby-style and the pounds harvested jumped from 2,500 tons in 1976 to nearly 8,000 in 1988. As concerns grew for the viability of wild stock, Canada changed to a quota system and harvesting fell to a low of 3,000 tons in 1995.

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