Episode 28: Doing Good and Doing Well: an entrepreneur's approach to oyster farming with Peter Stein of Peeko Oysters
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In this episode, host Kevin Cox sits down with Peter Stein of Peeko Oysters on Long Island's North Fork to hear about his unique journey to becoming a visionary oyster farmer and the daily realities and complexities of oyster farming. He discusses the challenges of working with a "ruthless and relentless" Mother Nature, to the surprising obstacles of starting a business in aquaculture and building it into a vertically integrated business. Beyond the farm itself Peter introduces his innovative business philosophy, the intrinsic value of a living oyster reef and the concept of ecosystem services—the idea that oyster reefs provide long-term benefits to the environment beyond just human consumption. You'll hear about his push for a shift in corporate perspectives, where businesses understand and quantify the value that an oyster reef provides far beyond merely the market price of it’s parts. This episode is a must-listen for anyone interested in sustainable food, the intersection of business and environmentalism, or the fascinating world of oyster farming.
00:00 A Humbling Start in Oyster Farming
00:31 Introducing Peeko Oysters
01:39 From Job Loss to Oyster Farming
02:35 The Benefits of Oyster Farming
03:49 Starting Peeko Oysters
04:14 Exploring Vertical and Aquaculture Farming
06:31 Learning the Ropes of Oyster Farming
08:29 Current Operations and Techniques
09:58 Challenges and Innovations in Oyster Farming
13:18 The Hatchery and Scaling Up
18:54 Technological Barriers and Solutions
22:34 Contract Growing and Industry Opportunities
23:37 Exploring Contract Growing in Oyster Farming
26:09 The Role of Infrastructure in Oyster Farming
27:16 Diving into Oyster Varieties and Market
28:38 The Future of Oyster Aquaculture
30:10 Valuing Oyster Reefs Beyond Harvesting
40:11 Challenges and Learning in Oyster Farming
42:45 Balancing Business Growth and Daily Operations
46:46 Concluding Thoughts and Reflections
Links:
Peeko Oysters website (https://peekooysters.com/)
Oyster Heaven website (https://oysterheaven.com/)
FlipFarm website (https://www.flipfarm.co.nz/)
Greenwave website (https://www.greenwave.org/)
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28 episodes