In March 2019 Charoen Pokphand Foods, Ltd Public Company purchased a failed shrimp farming property near Indiantown Florida and capitalized the newly established Homegrown Shrimp USA at 6.5 million USD. The initial capital is being used to develop and operate a small pilot farm with the objective of validating a model for farming shrimp inland using artificial sea salts.
The model will be indoor and completely recirculated based on large tanks that were pioneered by CPF in its Asian shrimp farming operations. All water will be completely recirculated and all wastes captured and disposed of using either anaerobic digestion or waste extrusion technologies. The first crop in this new farm will be stocked in March of 2020, with subsequent harvest in May.
In addition to the farm; which is planned to have 40 culture units; the site will have a small totally closed, recirculated hatchery for the production of high quality post larvae from the faster growing strains of SPF broodstock developed by CPF in Thailand. The initial post larvae can be expected in February of 2020; with a plan of selling extra post larvae to customer in the USA and Europe.
If the pilot operations are successful, the intention by CPF is to grow this business in the USA with a concept of providing fresh homegrown shrimp to USA consumers.