Resources Database

Dr. Carole Engle, a specialist in aquaculture economics, discusses growing your aquaculture businesses: whether should you expand or diversify and what conditions should you consider doing so. This will help you determine if is it the right time to expand your business, increase production, or move into new markets.

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.

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.

Discusses what marketing is and why it is important including developing a marketing plan, market outlets, and personalizing the products and the business.

Reviews harmful algae blooms including conditions for biotoxin formation, detection, management, and common types of HAB's in the northeast.

In depth review of sea scallop biology, spat collection, nursery, grow out, gear, husbandry, site selection economic considerations and biotoxins/public health.

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.

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.

DMR resources for growers including approved hatcheries, biosecurity, shellfish sanitation, harvest and reporting, and forms.

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.

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.

Guidance document for industry that identifies areas DMR has deemed a high biotoxin risk and specific management criteria for safe harvest.

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

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.

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.

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.

The Maine Seaweed Council strives to protect the ecosystems of Maine’s marine algae and adhere to sustainable cultivation and harvest practices, promote the use of Maine seaweeds, educate the public, regulators, and elected officials, and provide a collaborative forum for its members.

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.

Free online boating safety course that is recognized by the U.S. Coast Guard, approved by NASBLA and the Maine state boating license agency. Complete the course in three steps: enroll in a Boating Safety Course from the course catalog, study and pass the free Boating Safety Course, and print out your certificate of completion.

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.

This first-of-its-kind Maine Aquaculture Industry Financial Benchmarking report presents results from the calculation of a series of benchmarks designed to serve as guidance for prospective Maine shellfish and seaweed producers for use in their business planning, as well as by lenders in the evaluation of loan applications.