Abstract: This disclosure is concerned with the more efficient utilization of fish feed, such as the pelletized feed for salmonoids and the like, introduced into pluralities of ponds, through appropriate bottom funneling of uneaten feed and waste water and utilization of the exiting waste water to carry the uneaten feed for injection into a next pool after separation from the carrying waste water; the process being applicable to any type of pond, but particularly suitable for ponds in which dark rest areas are provided for accelerated growth.