According to the UN Environment Programme, roughly one third of the food produced for human consumption is lost or wasted. Simultaneously, forage fish stocks, which are a key component of the oceanic lifecycle, are declining due to overfishing. They are being harvested to be processed into fishmeal, which feed the aquaculture boom and livestock. Black soldier fly larvae are capable of feeding on waste and efficiently creating both the protein and fat necessary to meet nutritional requirements of feed operations. If a mere 6% of the food waste were converted into bug protein, it would offset 100% of the need for forage fish. The potential for impact is massive. Bug Ideas aims to centralize currently disjointed efforts and expedite FDA approval of insects as feed. The team will accomplish this objective by building a coalition of experts, founding a trade association of companies, and submitting an application for FDA approval.
February 27, 2006
