Is it in danger because of cheaper and inferior products from abroad?
Yes. Like on the verge of the entire industry collapsing type of danger.
In 2006, Mississippi had 100,000 acres of catfish farms. Now it has around 48,000 acres. The entire industry 10 years ago had 170,000 acres and processed 660 million pounds of fish. Now it has about 80,000 acres and processes 300,000 million.
Many farmers still operating are close to calling it quits due to old age and thin profit margins. If something isn't done to equal the playing field (i.e holding imports to our standards) then the industry will continue to have a sour outlook from the banks and no new farmers will be able to join. It is impossible to get a farm loan for catfish these days, and the industry needs new people. To change this, the market needs to be stable and able to grow. Thousands of jobs are at stake