In February 2025, Alaska's Governor introduced legislation to partially lift a 35-year-old ban on finfish farming. House Bill 111 proposes allowing the farming of non-salmon species, such as tilapia and catfish, under strict environmental regulations. This move aims to diversify the state's aquaculture sector.
Alaska's aquaculture industry is currently focused on shellfish and seaweed farming. In 2022, sales totaled $1.9 million, with the state aiming for $100 million by 2040. The state's participation in global aquaculture is currently limited compared to leading nations like Ecuador and Vietnam.
The World Bank, in collaboration with the World Wildlife Fund, released a report in June 2025. The report highlights aquaculture's potential, projecting a $1.5 trillion investment opportunity and 22 million new jobs globally by 2050. To enhance its role, Alaska could diversify species, invest in sustainable practices, and strengthen infrastructure.