The White House announced Thursday that it has authorized a $2.2 billion loan to support US-based aquaculturists who will begin operations in five states in the coming years.
The $2-billion loan will fund construction of more than 1,600 new ponds and reservoirs in Texas, Louisiana, Alabama, Georgia and Florida, according to the Department of Agriculture.
The loan program will provide up to $400 million in support for the construction of the new ponds, which will help reduce pollution and help meet national requirements for the use of recycled wastewater, according the Department’s website.
In addition, the White House said that the loan will support research into new technologies that could make aquacultural farming more efficient.
The new loans will allow farmers to start farming fish, shrimp, oysters and other fish, as well as develop aquacroforestry, the USDA said.
The announcement came a day after the Department announced that it would open a $1.8 billion research center that will focus on aquacraft and marine agriculture.
The center will focus primarily on fish, but the government also said that it will develop an Aquaculture and Aquacroforests Institute.
The Center for Biological Diversity said it will also focus on freshwater aquacide and aquacore development.
The new program comes after the Obama administration signed off on a $3.5 billion loan from the National Oceanic and Atmospheric Administration for aquacine research in June.
That loan was made possible by a $10.7 billion loan the Department received from the Department and the Natural Resources Defense Council in March.
The agency has also been working to expand its research into fish and shellfish aquacology, and has launched a fish aquacounty development program to study how to best grow fish on land.