Most aquaculture farmers usually work with professional researchers, equipment suppliers, specialists, technology providers, water specialists, feeding companies and other farmers to name a few when they set up their farm.
When is it time throughout that process for farmers to engage with business experts to manage your risks, protect your assets and meet your regulatory and compliance requirements. This presentation will take aquaculture professionals and farmers through the commercialisation process, from startup to a growth trajectory, and outline touchpoints with business and legal professionals.
The start-up process for ensuring that future generations are looked after by you minding your business begins with upstream and downstream agreements for suppliers, employees, and sub-contractors. Disruption occurs when terms and conditions of employment, such as, terminations, social media management and pandemics are unarticulated.
As you hit critical mass and your business expands, success means your customer expectations change and there are a range of tools to ensure your customer experience is of a high standard. Fish brokers are always looking for product. We will explain the critical role agreements play in export markets and the delineation of responsibilities to avoid disruption.
As you grow, partnerships or joint ventures may be on the table and these scenarios require agreements that are instrumental in monetising your business. You may want to amalgamate or sell!
Aquaculture is one of the fastest growing food production industries and technology can be both friend and foe. In 2020:
78 tonne Aquatic animal production - 30% Mariculture 37% Aquaculture
$265b Global value of aquatic production
250% Production increase
200% Supply chain growth
>77% Farms without resilient supply chain agreements
100% Risk of legal disruptions to species
Countries engage in modern slavery
This presentation will provide an understanding of the legal framework that your aquaculture business requires to operate without costly disruption.