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.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)