Financing Is Difficult, But Some Financial and Other Assistance Is Available From USDA

T-RCED-94-62: Published: Nov 10, 1993. Publicly Released: Nov 10, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed issues affecting aquaculture, focusing on the availability of: (1) commercial and federal financing for aquaculture; and (2) other assistance for the aquaculture industry from the Department of Agriculture (USDA). GAO noted that: (1) financing for aquaculture is generally difficult to obtain because of the risks of doing business in an emerging industry; (2) since October 1990, the Farmers Home Administration (FmHA) has guaranteed almost $38 million in aquaculture loans; (3) USDA provides research, information services, and export promotion to the aquaculture industry, and budgeted over $24 million for these activities in fiscal year (FY) 1993; (4) some officials feel that current USDA services do not meet the unique and most urgent needs of the industry; (5) FmHA loan limits are often too low to be useful to aquaculturalists; (6) there is a need for research on animal drugs to comply with Food and Drug Administration registration requirements; and (7) additional practical research is needed to test the commercialization of individual species.

Sep 16, 2020

Sep 14, 2020

Aug 10, 2020

May 7, 2020

Apr 13, 2020

Dec 23, 2019

Dec 6, 2019

Nov 12, 2019

Oct 28, 2019

Sep 9, 2019

Looking for more? Browse all our products here