Visit Introduction to Financial Management of Aquaculture Businesses Introduction to Financial Management of Aquaculture Businesses Careful financial management is essential for the success of an aquaculture business. While financial management is a complex topic that can be approached from many perspectives, there are some key questions that the manager of an aquaculture business must answer affirmatively to be successful. Determining the answers requires careful, thorough, and comprehensive analysis. This publication, written by Dr. Carole Engle, a specialist in aquaculture economics, outlines the types of analyses and financial statements required to answer these critical questions. 2024 Southern Regional Aquaculture Center
Visit Biofouling Prevention and Management in the Marine Aquaculture Industry Biofouling Prevention and Management in the Marine Aquaculture Industry This report addresses biofouling management in relation to marine aquaculture industry operations, equipment and infrastructure. It covers shellfish, finfish and seaweed operations in estuaries and seawater. It does not address freshwater aquaculture activities. 2022 UNESCO Intergovernmental Oceanographic Commission
Visit Best Practices for the East Coast Shellfish Aquaculture Industry Best Practices for the East Coast Shellfish Aquaculture Industry In September 2023 the ECSGA updated its 2010 Best Management Practices manual. Building on the 2010 version, this update adds a new section on the management and handling of floating gear, hundreds of embedded links, info on new gear types and a revised bibliography. ECSGA also completely revamped the tool to create your own farm-specific Best Practices document: the Best Practices Form. 2023 East Coast Shellfish Growers Association
Visit Harmful Algae and Marine Aquaculture in the Northeastern United States Harmful Algae and Marine Aquaculture in the Northeastern United States Reviews harmful algae blooms including conditions for biotoxin formation, detection, management, and common types of HAB's in the northeast. 2010 Northeastern Regional Aquaculture Center
Visit Small Scale Marketing Opportunities for Aquaculture Products in the Northeast Small Scale Marketing Opportunities for Aquaculture Products in the Northeast Discusses what marketing is and why it is important including developing a marketing plan, market outlets, and personalizing the products and the business. 2024 Northeastern Regional Aquaculture Center
Visit Research, Development and Education Priorities for the Aquaculture Sector in Maine Research, Development and Education Priorities for the Aquaculture Sector in Maine This report is based on the research priorities survey conducted in June 2019 of Maine’s aquaculture community and is compared with surveys from 2012 and 2016 to look at trends. There have been some changes in the prioritization of needs since 2016, but many of the same research, development, and education (R&D&E) needs persist and remain unaddressed. As expected, there are different R&D&E priorities for different aquaculture sectors. 2020 Maine Aquaculture Innovation Center
Visit Assessing the Financial Position of an Aquaculture Business: Using Balance Sheets Assessing the Financial Position of an Aquaculture Business: Using Balance Sheets A critical long-term decision aquaculturists must make is to determine whether the business can generate enough value over time to pay off its debts. The appropriate financial statement for doing this is the balance sheet. The balance sheet is divided into two main categories: assets and liabilities. The balance sheet is structured by dividing assets and liabilities into one of two time periods: current and noncurrent. This publication, written by Dr. Carole Engle, a specialist in aquaculture economics, will help you identify the financial strengths and weaknesses of your business using balance sheets. 2012 Southern Regional Aquaculture Center
Visit Resources for Growers Resources for Growers DMR resources for growers including approved hatcheries, biosecurity, shellfish sanitation, harvest and reporting, and forms. 2022 Maine DMR Division of Aquaculture
Visit Evaluating the Liquidity/Cash Position of an Aquaculture Business: Using Cash Flow Statements Evaluating the Liquidity/Cash Position of an Aquaculture Business: Using Cash Flow Statements Cash flow problems are one of the most common types of financial problems in aquaculture businesses. This publication, written by Dr. Carole Engle, a specialist in aquaculture economics, addresses the question of whether the business can generate enough cash when needed to pay its bills (liquidity). Liquidity is a fairly broad concept, and a number of financial indicators can be used to measure it. Of these, the cash flow statement is the most useful means of monitoring the liquidity of a business. 2024 Southern Regional Aquaculture Center
Visit Determining the Profitability of an Aquaculture Business: Using Income Statements and Enterprise Budgets Determining the Profitability of an Aquaculture Business: Using Income Statements and Enterprise Budgets The comprehensive financial analysis of aquaculture businesses requires that three key aspects of financial management be evaluated: financial position, profitability, and liquidity/cash flow position. Profitability is the difference between total revenue and total cost. It must be analyzed separately from financial position and liquidity/cash flow. This publication written by Dr. Carole Engle, a specialist in aquaculture economics, discusses profitability as measured from income statements and enterprise budgets. 2024 Southern Regional Aquaculture Center
Visit DMR Biotoxin Monitoring Guidance Document DMR Biotoxin Monitoring Guidance Document Guidance document for industry that identifies areas DMR has deemed a high biotoxin risk and specific management criteria for safe harvest. 2020 Maine DMR Bureau of Public Health
Visit Maine Online Licensing System (LEEDS) Maine Online Licensing System (LEEDS) The Maine Department of Marine Resources' online licensing and landings system, called LEEDS (Licensing Enforcement and Environmental Data System) is now available. In order to apply for a new license or renew a license with the system, you first need to create a login for LEEDS 2022 Maine Department of Marine Resources
Visit Maine Shellfish Growing Area Classification Program Maine Shellfish Growing Area Classification Program Evaluates all shellfish growing areas in the state of Maine to determine their suitability for harvest by conducting a "sanitary survey," which is a three-fold process. 2022 Maine DMR Bureau of Public Health
Visit The Maine Aquaculturist’s Pocket Guide: Selling Shellfish The Maine Aquaculturist’s Pocket Guide: Selling Shellfish A basic list of what licenses you need to sell your aquaculture shellfish at your home, at your lease site, to your local grocery/general store, roadside, to a restaurant, to a wholesale distributor, at a farmers market, or out of state. 2022 The Maine Aquaculturist
Visit The Maine Aquaculturist’s Guide- Selling Shellfish Flowchart The Maine Aquaculturist’s Guide- Selling Shellfish Flowchart This flowchart maps the different licenses you need to have to sell your aquaculture shellfish out of state by mail or by vehicle, and in the state of Maine including selling direct to restaurants, and wholesale distributors, at a farmer's market, your home, and your lease site. 2022 The Maine Aquaculturist
Visit Shellfish Dealer Application Forms Shellfish Dealer Application Forms Licenses AND Sanitation Certificates must be applied for online! This is new and the preferred system for applications now. This includes Shellstock Shipper Certificate, Shucker-Packer Certificate, Shellfish Reshipper Certificate, and Depuration Processor Certificate. 2024 Maine DMR Bureau of Public Health
Visit How to Use The Maine Aquaculturist How to Use The Maine Aquaculturist Listen in as Carissa Maurin and Chris Vonderweidt, from the GMRI Aquaculture Program, lead a webinar (originally recorded on 4/13/21) teaching users the basics about The Maine Aquaculturist – a free to use aquaculture business knowledge portal - and how it can be an asset for aquaculture businesses. 2021 Gulf of Maine Research Institute
The Maine Aquaculturist’s Guide to Selling Shellfish After putting in a lot of time and effort to grow your product to market size, it's time to sell them! You want to make sure you follow the Maine DMR regulations and have the appropriate licenses & certifications. 2023 The Maine Aquaculturist
Visit Sea Farm Loan: Financing for Maine’s Marine Aquaculturists Sea Farm Loan: Financing for Maine’s Marine Aquaculturists Coastal Enterprises, Inc. provides loans to aquaculturists. If you are seeking to grow your aquaculture operation but have had difficulty getting a loan from a commercial lender, CEI is here to help. 2024 Coastal Enterprises, Inc.
Industry Perspective Legal Considerations for Aquaculturists Whether you are just starting out with a few LPAs or have been operating for decades, running a successful aquaculture business involves navigating a host of legal issues. Patrick W. Lyons, Esq. 2022
Industry Perspective Things to Be Aware of From a Shellfish Sanitation Perspective This document was generated by DMR Bureau of Public Health staff and reflects things to be aware of when considering an aquaculture lease application from a shellfish sanitation perspective. Maine Department of Marine Resources Bureau of Public Health 2020
Visit SEED TO $$$ - LEARN TO EARN SEED TO $$$ - LEARN TO EARN University of Maryland Extension, Maryland Sea Grant, Chesapeake Bay Foundation, and Chesapeake Oyster Alliance are proud partners for “Seed to $$$” - a program for those in aquaculture to learn to manage their businesses for more profit. The US has experienced rapid economic growth in the last few years. This was due to increased spending designed to stimulate the economy in the wake of the pandemic. Recordings of the 8 presentations from the Seed to $$$ meeting are now available for viewing. 2023 University of Maryland Extension