By providing model inputs, users will be able to simulate an oyster farm for 10 years and make informed financial decisions about an oyster aquaculture business.
Aquaculture application: Being able to accurately determine cost and return in business allows you to plan to maximize potential profit and determine expenses, cash flow and other important aspects of management. In a business with as many risks as aquaculture, this is a wise choice to begin your business planning. This online tool will give you the opportunity to do “what if” scenarios when planning your business. As you gain more accurate figures from the operation of your business it will be a valuable tool to track and make better projections for fine tuning it.
Contributing Partners: University of Maryland Extension, Maryland Sea Grant