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Maine Has High Fish Farming Potential, say Experts

18 June 2014

US - Maine has been identified as a great place to invest in aquaculture, according to panelists at the Maine Startup and Create Week discussing startup opportunities in the marine industry.

The Portland Press Herald reports that fish farming is so efficient that Maine farmers report gross revenues of $100 million to $120 million annually, even though their combined harvest area is about the same size as the Portland International Jetport, said one of the panelists, Paul Dobbins, president of Ocean Approved.

Mr Dobbins said 52 per cent of seafood consumed by Americans is farm-raised, and nearly all of it comes from overseas. That’s why Maine seafood is considered “local” in markets as far away as California, he said.

“Maine has a fabulous brand, and people are looking for farm-raised seafood from Maine,” Mr Dobbins said. “I can tell you that agriculturalists are selling everything they can produce.”

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