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April 18, 2013

 

United States—Maryland

Marvesta Shrimp Farms and RDM Aquaculture Join Forces to

Develop a Network of Shrimp Farms in Maryland

 

On March 23, 2013, Maryland’s Dorchester County Economic Development Department hosted a meeting of 40 farmers that proposed the development of a network of small shrimp farms on Maryland’s Eastern Shore.  Marvesta Shrimp Farms will organize the network in partnership with RDM Aquaculture.  Marvesta, a small, recirculation shrimp farm, has been growing shrimp in greenhouses for ten years.  It markets fresh shrimp to restaurants, supermarkets and distributors.  RDM is a small, recirculating shrimp farm in Indiana.

 

At the meeting Guy Furman, Marvesta’s CEO, said the company would partner with poultry growers and other farmers to create 10-20 shrimp farms in the next 12 months.  He wants to increase shrimp production to meet the increasing demand for high-quality, sustainable farmed shrimp in the Washington and Philadelphia seafood markets.

 

Furman said: “Since we are working with a smaller, less expensive, easier to use technology, there is now an opportunity for people to get into a new industry with a growing demand and make more money than with conventional agricultural products.  We hope this is the beginning of a new model in aquaculture and an economic boost for the entire region.”

 

The two-hour meeting included a comprehensive presentation by Furman and ample time for audience questions.  Furman selected poultry farmers as business partners because they often have the basic facilities and back-up power to house the four 3,500-gallon shrimp tanks and filtration systems each operation requires.

 

Marvesta will provide farmers with juvenile shrimp and bulk supplies from its nursery, coordinate tank installation, and manage marketing, sales and distribution of the product.  Growers will sell their shrimp to Marvesta who will in turn sell them to seafood distributors.  Start up fees are estimated at $50,000 and include upfront costs and operating expenses for six months.

 

More than half the meeting’s attendees expressed interest in the network concept, and, subsequently, twelve of them toured Marvesta’s shrimp farm in Hurlock, Maryland.  Furman has sent his 25-page contract and financial overview to 20 prospective growers since the meeting.

 

Information: Guy Furman, Marvesta Shrimp Farms, 201 Enterprise Drive, Hurlock, Maryland 21643, USA (phone 443-271-9387, email guy@marvesta.com, webpage http://www.marvesta.com).

 

Information: Darryl Brown, RDM Aquaculture, LLC, 101 North 850 East, Fowler, Indiana 47944, USA (phone: 1-765-583-0052, email remshrimp@yahoo.com, webpage http://rdmshrimp.com).

 

Source: Dorchester County Economic Development Department (5263 Bucktown Road Cambridge, Maryland 21613, USA, phone 1-410-228-0155, fax 1-410-228-9518, email info@choosedorchester.org, webpage http://choosedorchester.org). County Hosts Shrimp Farming Franchise Forum.  No Date, Website Visit on April 18, 2013.

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