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  • MLCA

Business News | August 2021

In April, Farm Credit East and Yankee Farm Credit announced the board of directors of both associations unanimously approved the signing of a letter of intent to merge the two organizations. Farm Credit East and Yankee Farm Credit are both successful Farm Credit associations that already partner on a number of programs, including Crop Growers crop insurance, FarmStart investments for beginning farmers and the Farm Credit Northeast AgEnhancement grant program. The combined association will operate under the Farm Credit East name.

Hodgdon Yacht Services, located in Southport, is now the newest dealer of Highfield Boats aluminum rigid inflatable boats (RIBS) and tenders. Hodgdon Yacht Services has two locations: Hodgdon Marina in Boothbay Harbor and Southport Boatyard in Southport. The company offers an extensive range of marine services including fuel, dockage and moorage, boat storage, service, and refit, as well as serving as a dealer for Suzuki and Yamaha outboards. Highfield Boats has sharp meteoric sales growth in the U.S. during the past three years.

Atlantic Sea Farms is opening a 27,000 square foot plant in Biddeford to process aquaculture-raised kelp. The 24 farmers who supply kelp to the company have increased their landings by 12,000% in the past two years, to roughly 700,000 pounds of seaweed this year. The new facility will quadruple the company’s processing space. Atlantic Sea Farms sells its kelp products at 1,4

 

Do you or your business have news to share with Maine's lobstering community? Email Melissa with a paragraph and your log/image by the 17th of each month and we'll share your news!

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