Economy
The economy is based on the huge grain-handling facilities (a total capacity of over 337,500 tonnes), the canning and fish processing works, lambs, wool and beef, and tuna farming for the Japanese market. Home of Australia's largest commercial fishing fleet, Port Lincoln now has a thriving aquaculture industry that farms the following species: tuna, yellowtail kingfish, abalone, mussels, oysters, and experimental farming in seahorses and spiny lobsters. Before the advent of aquaculture, the main fishing was for Southern bluefin tuna.
Port Lincoln is the terminus of an isolated 3 ft 6 in (1,067 mm) narrow gauge railway system to bring the wheat to port. Iron ore traffic may be added in the future, although this has been the topic of protest and debate in the community.
Read more about this topic: Port Lincoln
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)