More than 30 jobs are expected across Northland, Coromandel and Marlborough Sounds with a $11 million funding boost.
Production of Pacific oysters (tio) is expected to increase from 1.2 million dozen to two million dozen year-on-year by 2024 after Moana New Zealand – the country's largest Iwi-owned kaimoana and kai ora company – received an $11m Provincial Growth Fund loan facility.
Oysters are placed in baskets and then submerged at various depths to grow, encouraged by the ocean's natural tidal movements.
Flip farming replicates these movements by semi-automating the basket flipping process, encouraging growth. This is usually a manually laborious process requiring skilled workers year-round to turn baskets by hand – no mean feat given oysters' 18-month growth cycle.
Now, a regional funding model made available to Moana New Zealand via the Provincial Growth Fund will allow commercial expansion of oyster production, its chief executive Steve Tarrant says.