Established in 1980, the P'enghu farm required an initial investment of US $ 250,000 in equipment and advisors. The first harvest yield was only five percent of treated mussels. However, as P'enghu offers an ideal location for pearl farming, experts are confident that yields will soon improve.
澎湖養珠事業曾在民國六十四、五年間盛極一時，當時曾有日僑陳成暉投資數百萬元養殖，澎湖漁會、水試所也曾輔導民間作小規模養殖，農復會亦在此設立養珠工作站，但皆因養殖地點選擇不當、養殖技術欠佳、後繼資金不足而失敗。