Changing Business Models for Lobstermen

Welcome to TAAforFarmers.org

The Trade Adjustment Assistance (TAA) program for Farmers delivered technical assistance to producers of agricultural commodities and fishermen who have been adversely affected by import competition. The TAA program delivered training to nearly 10,000 producers of Catfish, Asparagus, Maine Wild Blueberries, as well as Shrimp and Lobster fishermen.

Presentations

You can view any of the free online training courses developed for the TAA program. TAA participants also completed business adjustment plans using AgPlan (http://AgPlan.com), the online business plan writing app; or AgTransitions (http://AgTransitions.umn.edu), an online transition planning app. Since the end of TAA the AgPlan development team has developed a fishing specific software call FishBizPlan (http://FishBizPlan.org).

Unfortunately, this program has ended because federal funding for the program was cut. If you have questions related to TAA for Farmers, please contact the Center for Farm Financial Management at cffm@umn.edu

Section Image

A business model is the plan a company uses to generate revenue and make a profit. Since the TAA program’s intention is to help lobstermen improve their bottom line, it makes sense to have one of the intensive workshops focus on business models useful for lobstermen! In this workshop, we will talk about the words used in business models; best business practices; common ownership structures and the business models of cooperatives and community-supported fisheries. We will point out the significant differences in ownership structures as well as the pros and cons of cooperatives and community-supported fisheries as they apply to the lobster business. We hope to make you curious enough to further explore these options.

Download handouts for this section


  •   Introduction
      Business Best Practices
      Ownership Structures & Business Models
      Cooperatives Values & Principles
      Types of Co-Ops
      Co-Ops in the Seafood Industry
      Community Supported Fisheries