Resources Database

Kelp offers a promising way for fishermen to diversify their income streams in the lobster offseason, and it's also the newest seafood product GMRI verified under their Gulf of Maine Responsibly Harvested® label. The Gulf of Maine Responsibly Harvested® label is a promise that seafood hails from the clean, cool waters of the Gulf of Maine and the fishery or farm is managed in a way that contributes to the long-term health of the resource. The label empowers consumers to buy seafood they can feel good about.

Matt Parker, aquaculture business specialist, presents basic business concepts such as writing a business plan, developing pro forma statements, costs associated production, and record keeping to determine the costs of production.

Aquaculture risk management fact sheet covering the types of risks aquaculturists deal with and how to manage these risks include both insurance and non-insurance options.

Displays location and information on aquaculture leases and licenses in Maine along with NSSP water quality information and p90 scores, LPA Health Zones, IFW Essential Habitat Boundaries, historic eelgrass data, conserved land information, and low tide imagery.

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

Provides advising and financing to fisheries and aquaculture businesses to improve their long-term viability, create and maintain quality jobs, safeguard marine-related infrastructure and environments, and help preserve the cultural integrity of Maine’s working waterfront.

This training program uses a mix of meetings and field trips/site visits to introduce participants to the issues important in running a successful aquaculture business including: site selection, equipment and husbandry, permitting and regulation, environmental monitoring, marketing and sales, farm management and biosecurity, business planning, and financial management.

Established in 1988 by the Maine Legislature with a mission to assist in developing economically and environmentally sustainable aquaculture opportunities in Maine.

Reviews the different types of disaster insurance that would cover hurricanes and typhoons, oil spills, harmful algal blooms, and other types of disasters, both natural and manmade, that cause a aquaculture farm to be harmed or fail.

Powerpoint on biofouling including, economic impact, general impact, common fouling organisms (macroalgae, tunicates, hydroids, boring sponge, over-set of barnacles, mussels, or oysters), controlling fouling, and methods to avoid, mitigate, or prevent the effects of biofouling.

Maine aquaculture marking requirements (effective January 1, 2023) for lease sites and LPA sites with a sample marker buoy image.

The Maine Aquaculture Financing Resources Manual, developed by MAA Project Manager Christian Brayden with support from FocusMaine, is an in-depth summary of all known financing resources available to Maine aquaculture producers.

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].

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.

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.