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When aquaculture grows, so does its economic impact

Farming of finfish, shellfish and plants in fresh and saltwater is the fastest-growing food production sector in the world and it’s growing in Maine, too.

From 2007 to 2014, the total of aquaculture in Maine—including sales revenue, full- and part-time jobs and labor income—nearly tripled from $50 million to $137 million. In 2014 alone, aquaculture businesses in the state reported $73 million in sales revenue.

That’s according to a new survey done by the University of Maine Aquaculture Research Institute, in partnership with the Maine Aquaculture Innovation Center, Maine Aquaculture Association and the UMaine School of Economics to assess the economic impact of aquaculture in the state…

Read more here.

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