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.

Dr. Carole Engle, a specialist in aquaculture economics, discusses cash-flow for aquaculture businesses, how to maintain a positive cash-flow position, and common pitfalls in developing a cash-flow budgeting.

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.

Reviews business management skills, such as finance, record keeping, marketing, and personnel management. More aquaculture businesses fail because of poor management than poor production practices.

Developed to describe all Federal programs and activities that directly or indirectly encourage, support, or assist U.S. aquaculture.

Maine Aquaculture Innovation Center has limited funds to support innovative research that will help advance the Maine aquaculture industry and also lists Maine funding opportunities.

Webinar about research on scallop aquaculture production and economics including comparisons of nursery and growout gear: lantern nets, pearl nets, ear hanging, pocket nets, rigid trays, and adhesives; tissue sampling and testing for biotoxins such as saxitoxin and domoic acid; evaluation of fouling communities; surveys of producers to understand economic inputs and outputs such as capital, labor, and yield; environmental data matched with growth data to better understand good scallop-farming sites.

This grant guide was prepared by the National Oceanic and Atmospheric Administration (NOAA) in consultation with the Subcommittee on Aquaculture (SCA) under the National Science and Technology Council (NSTC). This guide focuses only on grant programs that aquaculture farmers or aquaculture researchers may be eligible for. Updates will include Federal cooperative agreements, contracts, loans, or other direct support programs for aquaculture farmers or (non-federal) aquaculture researchers, for the purpose of aquaculture siting, research, development, and operations.

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.

The Maine Aquaculture Association has released the first Maine Aquaculture Occupational Standards, which specify the current workforce skills and training needs of Maine’s aquaculture sector. Altogether, four standards have been released, focusing on occupations related to (1) Marine Shellfish and Sea Vegetables; (2) Marine Finfish; (3) Land-Based RAS; and (4) Land-Based Shellfish Hatcheries. A supplementary document, the Maine Shellfish Aquaculture Career Pathways Map, is designed to provide an overview of the most common job types, entry points, and career pathway opportunities in Maine’s shellfish aquaculture sector today.

University of Maine System (UMS) micro-credential offers professional development opportunities that result in a verified micro-credential for those who want to update their aquaculture skillset. Coordinated by the Aquaculture Research Institute, this pathway will use the University of Maine System’s extensive aquaculture resources and educational expertise to create hands-on learning experiences.

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.

In depth document created to provide the information and a framework that will enable a shellfish farmer to write a comprehensive Best Management Practices document focusing on gear/operation and maintenance, user conflicts, permitting/siting, and environmental concerns.

A look at the individual Maine farmers who make a living in the growing industry of Aquaculture.

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.

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.

Earn a Certificate in Coastal Fisheries & Marine Technology with added industry recognized credentials such as PADI Diver Certification, OUPV Captain's License and ABYC Certifications for free.

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.

Maine Aquaculture Innovation Center, in collaboration with The World Wildlife Fund, is on a mission to get educational resources about seaweed aquaculture into Maine’s 5th-grade classrooms. During the summer and fall of 2023, we will distribute With a Little Kelp from Our Friends– a book on the secret life of seaweed written by Mathew Bate and illustrated by Liz Rowland– to educators. The book will be accompanied by teacher resources to increase literacy about seaweed aquaculture.

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