Industry Analysis & Industry Trends
The Fish and Seafood Aquaculture industry has experienced slow growth over the past five years. Given that the vast majority of industry revenue is derived from sales of fish, mollusks and crustaceans that will be processed into food products, this industry's success is tied to levels of seafood consumption. Per capita seafood consumption in the United States has declined over the past five years, putting strain on industry operators. However, increases in the price of seafood, combined with a healthy export market, have helped industry revenue growth. The industry is expected to continue to grow marginally over the five years to 2021... purchase to read more
Industry Report - Starting a New Business Chapter
The Fish and Seafood Aquaculture industry has low barriers to entry. Establishing a small catfish farm in the Southeast requires little capital investment. A plot of water or pond must be secured and fenced in and then filled with catfish. Small scale fish farm operations simply require the routine feeding and observation of fish as well as occasional maintenance in the event of damage to the fish enclosure. Oyster, clam and some other mollusk aquaculture farms do not require feeding as these organisms survive by simply eating algae and other materials naturally found in water.
When capital costs are coupled with the constrained growth prospects associated with import competitiveness, lenders are likely to regard the activity as a high risk... purchase to read more