Resources Database

These risk management tools are designed to help Maine aquaculture producers find new ways to identify and respond to risk on their farms and in their businesses. The tools include information and visuals to help farmers identify risk factors and risk management within each of the five categories of risk as well as aquaculture crop insurance options currently available.

University of Maine Cooperative Extension provides small-business education for Maine people. Workshops and business management publications cover a variety of business-related topics, including: marketing, pricing, financial management, Internet marketing, record keeping, and customer service.

The business plan features include short & long-term budget projections & tracking, financial projection and analysis tools, monthly cash flow projections, costs of production analysis, profitability analysis, sensitivity analysis, and breakeven analysis. The production plan offers short & long-term production projections & tracking data-based growth projections, monthly sales planning & tracking, and a production calendar. If you are interested in setting up a business plan, please reach out to Christian at [email protected].

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.

The business structure you choose influences everything from day-to-day operations, to taxes, to how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.

Guidance on the five steps to form an LLC; chose a name, find a registered agent, file certificate of formation, create an operating agreement, and get an EIN.

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

Dr. Carole Engle, a specialist in aquaculture economics, gives an overview on how to survive during cash deficits using short-term cash management plans and determining how much debt is too much to take on by calculating the debt to asset ratio.

Established in 1920 and revised in 2006, the Jones Act is a federal statute for the United States that provides the laws and regulations for U.S. waters and ports.

Frequently Asked Questions to help employees and employers gain a general understanding of the Longshore and Harbor Workers' Compensation Act (LHWCA) and its extension acts.

Overview of how Pemaquid Mussel Farms reached their development goal of a 5 fold increase in production within 10 years to $15 million annually using new technology and business planning.

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.

Writing a strong business plan is important for any company as it provides a roadmap to success. The most important reason for writing a solid business plan is that it demonstrates to investors, financial institutions, and other lenders that you have a cohesive vision for your company.

Provides financial assistance to producers of non-insurable crops to protect against natural disasters that result in lower yields or crop losses, or prevents crop planting.

Fact sheet outlining USDA loan programs, maximum loan amounts, rates, terms, and use of proceeds.

This report assesses the potential market environment for Maine farm-raised sea scallops including political, economic, social, technological, environmental, legal/regulatory, strengths, weaknesses, opportunities, and threats.

In-depth paper on the implementation of the United Nations’ 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals.

Overview of the different types of farm loans you can get from the USDA such as FSA farm loan, farm ownership loan, farm operating loan, conservation loans and more.

A data-driven, quantitative market assessment that informs industry leaders and business owners about the potential scale and scope of markets for farmed shellfish and to facilitate strategic growth in the industry.

Provides a summary of direct and indirect environmental factors that may affect your site selection for your marine aquaculture business.

Good husbandry is critical to success and this gives a general overview of its importance.

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.

Reviews the keys to running a successful business; the four P's of marketing, wholesale distributors, risks, and sales.