Indiana Corn & Soybean Review: First Aquaculture Finance Rountable Explores Industry’s Great Potential
Quoting from the article in the Winter 2012 issue of the Review:
“Steven Berson, partner at Nelson Mullins Riley and Scarborough LLP based in Atlanta, Ga., recently spoke about the basics of financing an aquaculture operation to more than 60 people at the first annual Aquaculture Finance Rountable in Indianapolis. The half-day meeting was sponsored by Indiana Soybean Alliance (ISA) and Soy Aquaculture Alliance (SAA)…
…Two Indiana aquaculture operations spoke about their experiences securing financing during a producer panel at the roundtable. Representatives from Bell Aquaculture in Albany, Ind., and Toppco Fish in Romney, Ind. both emphasized the need for a strong business plan and for a clear understanding of oerating costs and collateral when seeking financing.
‘Develop a strong business plan and understand all of your operating costs from the beginning,’ says Nick Pranger who represented Bell Aquaculture on the panel.”