Investors and salmon farmers that see Iceland as the next frontier received some welcome news.

A new multi-stakeholder report submitted to the Icelandic parliament last month made recommendations for sustainable development of the sector, and concluded that the industry can sustainably grow to 71,000 metric tons in its current structure, and potentially more with some changes to operations.

The report, commissioned by Iceland's Ministry of Fisheries and Ministry of Environment, was crafted over the past year by a committee of salmon farmers, recreational salmon industry executives, scientists and government officials, giving the conclusions objectivity that will likely carry weight with the government and the parliament when they debate them.