USDA Assistance for Aquaculture

RCED-94-69R: Published: Nov 5, 1993. Publicly Released: Nov 5, 1993.

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Pursuant to a congressional request, GAO provided information on the availability of commercial and federal financing for aquaculture. GAO noted that: (1) although there is little quantitative data on the availability of financing for aquaculture, such financing is difficult to obtain because of the inherent risks in the industry; (2) since 1990, the Farmers Home Administration has guaranteed almost $38 million in aquaculture loans; (3) in 1993, the Department of Agriculture (USDA) budgeted over $24 million for aquaculture activities including research, information services, and export promotion; and (4) USDA services may not be adequate to support the immediate needs of the aquaculture industry.

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