Blue Water Farms is a Minnesota-based startup with the plan to use recirculating aquaculture systems technology, known as an RAS, to produce walleye and plant products.
The company plans to operate a walleye hatchery, tanks for fish as they grow and processing facilities, as well as an aquaponic operation that produces lettuce, strawberries, cherry tomatoes, herbs and other products.
Clarence Bischoff is the founder and CEO of Blue Water Farms, as well as the founder and president of the Minnesota Aquaculture Association.
"We're fortunate that with Blue Water Farms, we have been able to organize a wonderful team of people," Bischoff said. "We have scientists and engineers, business experts of various kinds, and we're all ready to go to work to refine our business plan, and then raise the capital that's needed to implement the plans."
Bischoff, who wants the facilities for Blue Water Farms to be in Red Wing, Minn., said to maximize the financial viability, the company also wants to make best use of its waste from the facilities. Water from the growth facility and hatchery is nutrient rich, therefore can be used in raising plants.
"It's really in alignment with the sustainability principles that are an essential part of our company," he said.
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