Business Planning for Kelp Farming, a 75-page guide and resource listing for new and prospective kelp farmers, is now available. A supplemental Excel spreadsheet and printable pdf, Integrated Financial Planning Model for Kelp Aquaculture, are also available for download. Videos on how to use the guide are listed below.
Created in response to a critical missing tool identified by the National Seaweed Hub Needs Assessment of 2020, it was written by Tammy Warner, professor of management at Keene State University, and Robert Pomeroy, extension specialist emeritus at CT Sea Grant, under the direction of Anoushka Concepcion, CTSG associate extension educator who focuses on seaweed aquaculture.
The guidebook is linked to a flexible financial model (worksheet) which will allow users to see dollars-and-cents impacts of their plans as they evolve.
The project was funded by CT Sea Grant and the UConn College of Agriculture, Health and Natural Resources.
Citation: Warner, Tammy and Robert Pomeroy, 2024. Connecticut Sea Grant publication number CTSG-23-03. 75 pp plus spreadsheet. Supported by NOAA Sea Grant award NA21OAR4170087 to Robert Pomeroy, Connecticut Sea Grant, University of Connecticut.
Download Business Planning for Kelp Farming here.
Download the Integrated Financial Planning Model for Kelp Aquaculture Excel spreadsheet here.
Seaweed farming resources can also be found here.
Business Planning for Kelp Farming Videos:
- Overview and Business Model: https://www.youtube.com/watch?v=Ktu5vJpculQ
- Start up costs for a kelp nursery: https://www.youtube.com/watch?v=fbObeTcHe9A
- Start up costs for a kelp farm: https://www.youtube.com/watch?v=KMYKTtycWlY
- Operating expenses: https://www.youtube.com/watch?v=qh3iCpM1qY8
- Nonuse Revenues: https://www.youtube.com/watch?v=FkrXi9Bc0Mw
- Beginning balance sheet, funding, and cash flow pages: https://www.youtube.com/watch?v=uNrjnnd9Q1s
- Scenario analysis: https://www.youtube.com/watch?v=toouXHlaRes
- Interpreting financial and economic outputs: https://www.youtube.com/watch?v=uYjOWPK2nIs